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Shareholders Have not Left TBC

The head of TBC Group supervisory board made an announcement about selling Bank shares. Mamuka khazaradze says that it is very normal that TBC sold some of its shares and he also adds that none of main share holders left TBC and they are not going to leave it. “It …

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Giorgi Kadagidze Talks about Simple Mechanisms for Overcoming Crisis

Giorgi Kadagidze

Giorgi Kadagidze,  the former president of National Bank of Georgia (NBG), has released a special statement on his own social network page. In his statement Kadagidze talks about simple mechanisms for recovering the state economy from crisis. This is an Estonian model of reacting to crisis situations (external shocks), when …

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TBC Bank Group (TBCG) Insider Sells £316,350 in Stock

TBC Bank Group PLC (LON:TBCG) insider Vakhtang Butskhrikidze sold 21,090 shares of TBC Bank Group PLC stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of GBX 1,500 ($18.62), for a total value of £316,350 ($392,639.94). Shares of TBC Bank Group …

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Terabank Promotes Startup Market

Terabank Promotes Startup Market

On December 17-18 Tbilisi is hosting a very important event for business sector. Namely, the 11th pavilion of Expo Georgia is hosting beginner and successful enterprisers from 16 various industries. Terabank and other representatives of commercial and public field provide support of the event. Startup Market was organized by advertising …

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Georgia’s c.bank Keeps Key Refinancing Rate Unchanged at 6.5 pct

NBG

Dec 14 Georgia’s central bank kept its key refinancing rate unchanged at 6.5 percent on Wednesday. Inflation in the South Caucasus nation was at 0.2 percent year-on-year in November, down from 6.3 percent the same month a year ago, remaining within the 5 percent target set by the government for …

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Liberty Bank Summarizes PWD Support Week Activities

Liberty Bank has summarized activities for support of persons with disabilities (PWD). Sport-culture activities, card-files, 2017 year’s calendar and social video clips were represented at the event. The guests were also enabled to see exhibition of PWD works, including works and paintings on PWD issues created by the blind citizens. …

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EIB Representatives Appraised Ongoing Projects in Georgia

Galaktion Buadze, executive director for Municipal Development Fund and his first assistant Juansher Burchuladze met with representatives of European Investment Bank (EIB). The parties discussed ongoing and planned projects in details that are being implemented by Municipal Development Fund by support of EIB. The meeting was also attended by Tengiz …

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Banker Names TBC Best Bank Of The Year

International banking industry publication, The Banker, has named TBC the recipient of its “Bank of the Year 2016 in Georgia” Award at Annual Awards ceremony in London. This is the eighth time TBC Bank has been awarded this prestigious prize since 2002. 2016 has proved to be a very successful …

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Bank of Georgia to Buy ProCredit Bank Portfolio

Bank of Georgia to Buy ProCredit Bank Portfolio

Bank of Georgia plans to buy ProCredit Bank’s portfolio of micro and small business loans. The parties have already reached agreement and payment will be fulfilled in cash. Through this deal Bank of Georgia plans to strengthen positions in segment of small and micro business. As a result of this …

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Georgia Receives Financial Aid From Asian Development Bank

After ratification of signed agreement between Georgian Parliament and Asian Development Bank, Ministry of Finance of Georgia received financial aid totaling 98,7 million USD. According to Deputy Minister and head of Fiscal department, Tsotne Kavelashvili, aid which is 255 million GEL, will be converted into national currency, at the end …

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BGEO Group Issues 30m Georgian lari Currency Bond

BGEO Group‘s water utility business has issued a 30m Georgian lari currency bond (about £9m), the largest issued in a local currency by a non-financial institution in Georgia. Georgia Global Utilities, with the company’s banking arm Galt & Taggart, has placed a GEL30m local currency bond with a five-year tenor …

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The MP Protects the Banks

The MP Protects the Banks

Georgian Prime Minister George Kvirikashvili protects banks and regards, that unproven claims are announced against banking sector in the resent period. “Georgian banking sector is one of the well-developed in our region. We have very important, developed financial institutes and their engagement in the reform process is essential. Any negative …

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