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Georgia-Based Commercial Banks have Increased Noninterest Incomes.

In January-September, noninterest incomes totaled 1.2blin GEL, up 509mln GEL year on year (+78%), including incomes from commission fees and services constituted 318mln GEL (Q3/2016 – 225mln). Time to time commercial banks have to safeguard the rate limited by the supervisor. Borrowers, who plan to pay off loans 6 months …

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ProCredit Bank’s Assets Shrink

Assets of ProCredit Bank have shrunk by 1.3% month on month. The bank rank 5th with a 3.9% ratio as of October 1 (Q3.2017). Deposits portfolio of ProCredit Bank has also decreased by 1.6% month on month. The bank’s crediting volume has risen by 2.8% month on month. Assets 1 …

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NBG to Determine New Rate of Monetary Policy

NBG to Determine New Rate of Monetary Policy

The next meeting of the Monetary Policy Committee of the National Bank of Georgia will be held on October 26 in Tbilisi. According to the NBG, Koba Gvenetadze, President of National Bank of Georgia will hold a press conference after the finish of Monetary Policy Committee. He will inform the …

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Media Exposure for Bank Cards

Media Exposure for Bank Cards

In the first quarter of 2017 Georgia-based commercial banks issued 9.2mln payment cards, up 11% year on year. Ratio of MasterCard accounts for 43%, VISA – 32%, Vocal – 18%, UP – 6% and Amex – 1%. In January-March 2017 Georgian payment cards recorded 37.7mln transactions worth 4bln GEL in …

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The Rating of Lucrative Banks – BasisBank Shows the Highest Growth

Among the profitable banks, BasisBank showed the highest growth in September, + 15.1% m.m. 13.4% were “Bank of Georgia” and 12.6% was “TBC Bank” profit growth indicator. As of October 1, there is a profit of 15 out of 16 banks. Q3/2017 ●01.09.2017 Lucrative million million Bank of Georgia 286.710 252 …

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Get #YourCard with Gifts

Another news for Students by TBC. All students who will order the card from October 11 will receive a shirt, which design will be chosen by themselves. You can also get a new, more varied and fun set of stickers that with the card. One more news for students: card …

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Lado Gurgenidze Quits Liberty Bank’s Supervisory Board

Ex Prime Minister of Georgia Lado Gurgenidze has quitted the supervisory board of Liberty Bank. Changes have been registered officially. We remind you that several days ago the owner of controlling interest in Liberty Bank was replaced. The bank’s 74.64% stake was bought by the Netherlands-incorporated European Financial Group B.V. …

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TBC Bank is Market Leader in Terms of Retails Deposits

TBC Bank is Market Leader in Terms of Retails Deposits

TBC Bank’s ratio on retail deposits market has risen to 40.9% (Q2/2017 -40.2%). The growth in the third quarter marked 8.3%. Meanwhile, Bank of Georgia has increased retail deposits portfolio by 6.7% quarter on quarter. Liberty Bank’s retail deposits portfolio has risen by 0.9%, VTB Bank – plus 6.3% and …

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National Bank Evaluates 2018 State Bidget Bill

NBG

High deficit in the 2018 state budget does not create inflation risks, the report by NBG on Georgian State Budget Law reads. “The 2018 state budget deficit grows by 60 million GEL to 1.374 million GEL. The consolidated budget bill is planned at 3.7% in relation to the 2018 forecast …

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Capital Market Development Issues Discussed with EBRD Representatives

Dimitri Kumsishvili, Georgia’s first vice Prime Minister and Minister of Finance, and Koba Gvenetadze, president of National Bank of Georgia (NBG), discussed capital market development issues with representatives of EBRD. The meeting was held in Washington, the USA, as part of the annual meeting of IMF and World Bank. At …

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