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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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PASHA Bank Sponsored Consultative Board Meeting of the ICC Georgia

PASHA Bank, a full service corporate bank, sponsored the seventh meeting of the ICC Consultative Board on October 2, 2014. Board meeting was exceptionally attended by Giorgi Kvirikashvili Deputy Prime Minister and Minister of Economic and Sustainable Development of Georgia. Goga Japaridze, Commercial Director at PASHA Bank Georgia delivered his …

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Number of Property Sold at Auction Growing

During the year, the amount of property sold at auction in Georgia has increased. According to the registry  of debtors, in January-August 2014  in total 1154 units of the property were sold via auction, while in the same period of 2013 – 1 137. In addition, according to the register, …

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PASHA Bank – First and the Only Bank from Georgia to Attend the SIBOS

PASHA Bank, a full service corporate bank, underlined its increasing role in international finance by attending Swift International Banking Operations Seminar in Boston, the USA. PASHA Bank was there to share practices and debate emerging issues. Already for the fifth time it  attended SIBOS. SIBOS is an annual banking and …

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Basisbank to Launch New Business Promotion Project

Basisbank offers a new promo project to the business sector representatives. Namely, starting October 1 small and medium-sized business sector representatives are able to join the Basisbank business club, receive a Basisbank credit business card and have an access to the business portal, specially created for the club members. The …

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Bank Republic completed 8 months with 25,4 million GEL profit

Bank Republic completed January-August with 25,4 million GEL profit. The bank’s profit equaled to 5,3 million in August. By September 1 deposits (non-banking) portfolio equaled to 516,2 million GEL (01/08/14 – 497,6 million), loans – 725,2 million GEL (01/08/14 – 737,3 million). Since the beginning of the year deposits have …

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Bank of Georgia attracted 15 million EURO from GGF

Bank of Georgia announced that they got credit line of 15 million EURO from South-Eastern European Fund – Green for Growth Fund. According to the press release of the leading Georgian Bank, GGF loan will be initially spent for the construction of energy efficient buildings in Tbilisi, which consume 20% …

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Liberty Bank completed January-August with 14,6 million GEL profit

Liberty bank completed January-August with 14,6 million GEL profit. In the same period of last year profit equaled to 11,5 million (01/09/12 -5,4 million). By September 1, 2014 clients’ deposits equaled to 1,3 billion GEL (01/09/13 – 1,05 billion, 01/09/12 – 703,1 million GEL), credit portfolio – 750 million GEL …

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