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Tag Archives: Bank of Georgia

Georgian Securities Market Became more Active

Georgian Securities Market Became more Active

Georgian companies began to issue securities – the companies associated with Bank of Georgia, in particular, the development company M2 and the Tbilisi water distribution company are actively engaged in this activity. Placement of shares on the stock exchange is provided by  a subsidiary of Bank of Georgia – Galt …

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Clearstream Opened Correspondent Account of GEL in Bank of Georgia

Bank of Georgia

Bank of Georgia announced about opening of correspondent account in GEL by International Central Securities Depository Clearstream in Bank of Georgia. According to the management of the Bank, national currency of Georgia – GEL has been added to the settlement currency of Clearstream, which becomes available to make operations in GEL …

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Security – Leading Bank’s Vulnerable Chain

Security Leading Bank’s Vulnerable Chain

Bank of Georgia Keeps Silent on Theft of Millions of GEL, Bank Shares Keep Depreciating on London Stock Exchange Bank of Georgia has been robbed. According to the bank’s official statement, the criminal case took place on October 24. According to media agencies, felons have stolen 10 million GEL from …

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Murtaz Kikoria Appointed as CEO of BoG

Murtaz Kikoria-BoG

Murtaz Kikoria has been nominated as the new Chief Executive Officer of Bank of Georgia. Kikoria will take over Irakli Gilauri’s former position, while Gilauri will become a board member of the Bank. Prior to this nomination, Kikoria occupied the post of a Deputy Executive Officer since December 2014. Prior …

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#June13: A Month Since the Tragedy

The State Budget Mobilizes over 25 million GEL The June 13 natural disaster in the Vere Gorge has sacrificed 20 individuals. Three citizens are still missing. The flood has inflicted losses and damages to about 160 families. Part of the houses will be rehabilitated, while 10 families are still unsheltered. …

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Mortgage Regulations not Brought Results

Laws restricting private mortgage lending have failed to remedy the situation in this sector as part of the moneylenders went underground. They managed to find loopholes in the law and enacted  the new scheme – for example, the law defines the maximum amount of interest on the loan, but now …

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Bank of Georgia’s Unit to Buy 50% Stake in Tbilisi Hospital

UK-based bank holding company Bank of Georgia Holdings Plc’s Georgia Healthcare Group subsidiary has signed a binding Memorandum of Understanding, subject to relevant regulatory approvals, to acquire 50.0% equity interest in Georgian hospital operator GNCo, with effective management and operational control over the company, the bank said on Monday. GNCo …

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Georgian Building is Among The 12 most Absurd Soviet-era Buildings

Business Insider listed Bank of Georgia Headquarter building (Georgian Building) among the 12 most absurd buildings from Soviet-era. American technology and business news website,described our famous building as it has been photoshopped. The Bank of Georgia headquarters (Georgian: საქართველოს ბანკის სათავო ოფისი) is a building in Tbilisi, Georgia. It was …

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