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HSBC sets aside $378m in currency probe

HSBC is among several banks being investigated over the alleged rigging of currency markets. The bank also set aside $589m (£368.2m) for potential further PPI insurance mis-selling claims. “Despite the rising regulatory expectations, I am confident our business model remains sustainable,” said HSBC boss Stuart Gulliver. HSBC disclosed the figures …

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TBC BANK NAMED AS THE BEST PRIVATE BANK IN GEORGIA IN 2014

TBC Bank named Best Private Bank in Georgia in 2014 by The Banker and Professional Wealth Management (PWM) Magazines. The Banker and PWM extend the prestigious competition to Georgia for the first time. According to an announcement from the publications, 136 banks from 60 countries were considered for the awards …

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Russia’s Central Bank Boosts Ruble Liquidity

Starting October 27th Russia’s key financial regulator Central Bank introduced a new financial tool known as foreign currency repo, or repurchase agreement.   “These operations are aimed at further empowering credit institutions to manage their own short-term currency liquidity,” according to Central Bank of Russia’s press center.   The credit organizations …

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British Bank Lloyds Closes 150 Branches Over Mobile Banking

  The Lloyds Banking Group confirmed a cut of 9,000 jobs and a closure of 150 branches, according to a BBC report. The bank says the cuts and branch closures are due to customers switching towards mobile banking.   Three years ago, Lloyds had no customers using mobile technology, yet …

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25 European Banks Fail Stress Test

FRANKFURT, Oct 26 (Reuters) – Twenty five of the euro zone’s 130 biggest banks have failed a landmark health check and ended last year with a collective capital shortfall of 25 billion euros, the European Central Banks said on Sunday. A dozen of those banks have already addressed the gap …

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PASHA Bank a Diamond Sponsor of Business Brilliance Award

PASHA Bank, a full service corporate bank, sponsored annual Business Brilliance Award Ceremony, hosted by London based Global Event and Training Group, BOC (Blue Ocean Consultancy). In October 2014, BOC Global Events Group was back to Tbilisi for the 2nd year running, hosting the annual Business Brilliance Award Ceremony with …

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TBC Bank Returns Expatriate Professionals to Georgia

The Company that attracts human capital from abroad Tbilisi – October 23rd, TBC Bank Chairman Mamuka Khazaradze and CEO Vakhtang Butskhrikidze held a news-conference to introduce three new Vice Presidents of the company. Giorgi Tkhelidze, David Tsiklauri and Nikoloz Kurdiani are Georgian expatriates, who have made successful careers abroad in …

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European Investment Bank to Open a Regional Office in Georgia

The European Investment Bank (EIB) will open a regional office in Georgia.The European Investment Bank (EIB) Vice-President Wilhelm Molterer stated at a meeting with the Minister of Finance of Georgia which was held in the frames of his visit to Washington. As he noted, it is very important that the …

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Do Overseas Banks Have the Right to Own Non-core Business?

A topic of  possession of non-core assets by commercial banks is relevant not only in Georgia, but also in many other countries. The World Bank (WB) conducted a study of bank management and supervision of the banking system in 2012, and one of its themes was devoted to  non-core assets. …

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Do Overseas Banks Have the Right to Own Non-core Business?

A topic of  possession of non-core assets by commercial banks is relevant not only in Georgia, but also in many other countries. The World Bank (WB) conducted a study of bank management and supervision of the banking system in 2012, and one of its themes was devoted to  non-core assets. …

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INTEGRATION OF BANK CONSTANTA INTO TBC BANK TO END BY 1Q15

TBC Bank, today announces that Badri Japaridze has been appointed as a Chairman of the Supervisory Board of Bank Constanta. Mr. Japaridze is a Founder Shareholder and Vice Chairman of the Supervisory Board of TBC Bank. Bank Constanta focuses on the growing micro-finance segment of the Georgian banking sector. It …

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TBC BANK ANNOUNCES THE APPOINTMENT OF NEW CHIEF RISK OFFICER

TBC Bank, a leading bank in Georgia, is pleased to announce the appointment of George Tkhelidze as Chief Risk Officer, effective from December 2014. The former Chief Risk Officer, Archil Mamatelashvili, will take the position of Advisor to the Management Board for Macroeconomics and the Financial Sector. Mr. Tkhelidze joins …

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