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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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NBG PRESIDENT ON NEW REGULATIONS FOR HOUSING SECTOR

In the coming weeks National Bank of Georgia will offer new game rules to the commercial banks in lending of construction and healthcare businesses. President of NBG George Kadagidze stated about it on Wednesday, after the meeting with developers. NBG president stated that his institution will regulate the issue by …

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KOVZANADZE FINDS DIFFICULT TO SELECT DIFFERENT MODEL FOR PARTNERSHIP FUND

Irakli Kovzanadze considers that it’s difficult to in a significantly different model from Partnership Fund to create a state fund or corporation. Executive director of Partnership Fund Irakli Kovzanadze stated about it on Thursday, on the commenting of Development of Financial Corporation bill. Kovzanadze considers that considering double deficit of …

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ARCHI GROUP: PROHIBITION OF NONPROFILE

Archi Group considers that  prohibition of non-profile ownership to the commercial banks is important and beneficial. As director general of the company Ilia Tsulaia states, if the regulator establishes such restriction, all companies working in development business will be in equal conditions and healthy competition will be created in the …

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