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PASHA Bank Became Member of Georgia’s Pro Bono Network

PASHA Bank Became Member of Georgia’s Pro Bono Network

Georgia’s Pro Bono Network is an informal union of Georgian and international companies operating in Georgia that are willing to use their expertise and professional resources for the benefit of the society. The goal of the network is to make the expertise of the private sector available to the organizations …

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How Much USD do Commercial Banks Buy and Sell?

National Bank of Georgia (NBG) published indicators about the volume of USD Georgia-based commercial banks buy and sell in Georgia. In 2013-2016 commercial banks used to buy 13.5bln USD and sold 14bln USD a year on average. This signifies commercial banks used to supply more USD to the currency market. …

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Liberty Bank’s Profitability Coefficient Rises

Liberty Bank's Profitability Coefficient Rises

Liberty Bank has increased its profitability coefficient. According to January-September indicators, return on assets (ROA) made up 2.75% (Q2/2017 – 2.4%), while return on equity (ROE) constituted 23.04% (Q2/2017 – 20.6%). Liberty Bank has recorded the highest Larization coefficient of the portfolio on the market. 98% of loans are denominated …

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PASHA Bank Sponsored Second CEO Lunch Tbilisi

PASHA Bank Sponsored Second CEO Lunch Tbilisi

On October 27th the second CEO Lunch Tbilisi took place in Courtyard by Marriott Hotel. About 80 business and government representatives from Azerbaijan and Georgia took part in the event. CEO Lunch Tbilisi is a series of meetings for CEOs of Georgian and Azerbaijani companies, it is initiated and organized …

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TBC’s Capitalization has Increased by 50 Million

The price of TBC  share (TBCB LI) increased by 17.33 pounds sterling (GBP). The last sessions week closed by GBP 17.22 (+ 1.18% w.w; + 5.8% m.m). In total, 99,000 shares are purchased. Over the last 4 weeks, average daily trade volume amounted to 32,000. Market capitalization of “TBC” is …

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Liberty Bank Announces Unaudited IFRS-based Results

JSC Liberty Bank (the “Bank”) announced today its Q3 2017 & 9M 2017 consolidated results (IFRS-based, unaudited, based on management estimates), reporting Net Income of GEL 12.0 million in Q3 2017 (up 14.5% q-o-q and down 28.8% y-o-y) and GEL 33.1 million in 9M 2017 (down 0.1% y-o-y). On 12 …

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Rating of Commercial Banks in terms of Crediting Portfolio, TBC is Leader

Rating of Commercial Banks in terms of Crediting Portfolio, TBC is Leader

Crediting portfolio of commercial banks accounts for 20.2bln GEL as of October 1 (Q3/2017), including loans and credits issued to nonresidents. According to National Bank of Georgia (NBG), Larization coefficient is 42.42%(Q2/2017 – 40.1%). At the October 25 briefing dedicated to the Larization campaign, NBG president discussed the 2016 trends, …

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TBC Bank has Attracted USD 106.5 Million from International Partners

TBC Bank has signed a $ 106.5 million syndicated loan agreement with the Netherlands Development Finance Company “FMO”. This is the second contract of syndicated loan organized by TBC Bank’s long-term partner, Netherlands Development Finance Company (“FMO”). The loan product was created with syndication with OPEC International Development Fund (OFID). …

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