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Irakli Gilauri: Divided Companies Will be More Successful

The Devaluation Revealed the Strongest Economy of Georgia

After the division BGEO Group as investment and banking businesses, chairman of BGEO Investment expects more successful time for both of the companies. Irakli Gilauri says that investors also assess the division positively, as recently prices of stock increased by 4% I think that division will be reflected in a …

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GGU Will be Fourth Company To Be Listed on LSE

BGEO Investment prepares its businesses for IPO. Chairman and Chief executive officer, Irakli Gilauri says that company continues investing in energy field. “GGU is our fourth company to be listed on London Stock Exchange, company will continue to invest in energy sector, we look positively towards energy direction, he says. IPO …

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BGEO Differentiates Banking and Investment Businesses

BGEO Group has released a statement on separation of banking and investment businesses. Namely, Bank of Georgia and the group’s investment business will be shaped separately. Previously, BGEO Group unites both Bank of Georgia and the investment business. The latter direction unites Georgian Healthcare Group, Georgian Global Utilities (owner of …

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Liberty Bank Keeps 98% of Loan Portfolio in GEL

Liberty Bank Keeps 98% of Loan Portfolio in GEL

Liberty Bank keeps 98% of its loan portfolio in GEL, while ratio of retail loans accounts for 99%. As of June 1, market ratio of Liberty Bank is 4.2%. The bank ranks third in terms of assets (5.6%). Assets 1  650 114 Loans     892 100 Deposits 1 241 680 Net …

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TBC Bank Announces about New Issuance at London Stock Exchange 

TBC Bank Announces about New Issuance at London Stock Exchange 

TBC Bank has announced about an issuance of new shares at London Stock Exchange (LSE). The bank has already released a statement for foreign investors.  The statement reads that TBC Bank has already submitted 102 121 new ordinary shares to LSE. The bank has requested a placement in the premium-segment …

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ProCredit Bank’s Profitability Remains Stable

ProCredit Bank's Profitability Remains Stable

ProCredit Bank’ profitability remains stable. As of June 1, 2017 Return on Equity (ROE) made up 7.44%  (Q1/2017 – 7.44%); Return on Assets totaled 1.06% (Q1/2017 – 1.06%). The Bank has moved to the 11th position  with a 1.6% ratio in the banking sector profitability. Assets 1 242 520 000 …

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Liberty Bank Supports New Sports Events in Tbilisi

Liberty Bank Supports New Sports Events in Tbilisi

A 5-kilometer run called as Tbilisi Runs for Heroes was held at Lisi Lake. The event was organized with support of Liberty Bank.  Any citizen could participate in the Run that was held in remembrance of heroes fallen for territorial integrity of Georgia. Funds raised from the Charity Run will …

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Negative Interest Rates

Mariam Lashkhi

Since the most recent global financial crisis, interest rates in developed countries have been unprecedentedly low. The real interest rates are close to zero and in a number of cases, are even negative. The European Central Bank was the initiator for establishing the negative interest rates when it began using …

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