Home / Tag Archives: Bank of Georgia (page 3)

Tag Archives: Bank of Georgia

Commercial Banks Lower Deposits Interest Rate

Commercial Banks Lower Deposits Interest Rate

Key players on the retail deposits market have lowered deposits interest rates. TBC Bank and Bank of Georgia with 75% ratio on the market (4.4+3.7 billion) have reduced the annual interest rate to 9.4%. Liberty Bank (1.03 billion) cut the rate to 9% on Patriot deposit, while annual interest rate …

Read More »

2018 – Year of Financial Education

lari

In 2018 Government of Georgia expects that the reforms will justify, while business sector and consumers expect their revenues to grow. At the same time, all social groups want that an inflow of investments rise in the country. The banking sector represents a cornerstone for everybody, because both corporate and …

Read More »

Price of Bank of Georgia Shares Declines at LSE

Price of Bank of Georgia Shares Declines at LSE

Price of Bank of Georgia shares (BGEO LN) ranged from 35.42 GBP to 37.05 GBP in November 6-11 period. The trading trend turned out negative. The price of the share declined by 1% week on week, but rose by more than 8% month on month (0.95%w.w; +8.12% m.m). According to …

Read More »

Bank of Georgia Received Another Award of Global Finance

Bank of Georgia Received Another Award of Global Finance

Bank of Georgia announced another award of Global Finance in the Best Personal Banking Service in Georgia 2018”. The international edition reveals the leaders of this nomination for the third time. “The award confirms highest standards of services offered by Bank of Georgia to the clients in the management of …

Read More »

Bank of Georgia Capitalization Rises by 100mln GEL

Bank of Georgia Capitalization Rises by 100mln GEL

Bank of Georgia shares (BGEO LN) was traded at 35.01-35.92 GBP at London Stock Exchange (LSE). The price rose by 1.47% week on week and by 10.32% month on month. According to G&T analytics, deals were made on more than 351 000 shares a week (61 000 shares a day …

Read More »

Rating of Commercial Banks in terms of Crediting Portfolio, TBC is Leader

Rating of Commercial Banks in terms of Crediting Portfolio, TBC is Leader

Crediting portfolio of commercial banks accounts for 20.2bln GEL as of October 1 (Q3/2017), including loans and credits issued to nonresidents. According to National Bank of Georgia (NBG), Larization coefficient is 42.42%(Q2/2017 – 40.1%). At the October 25 briefing dedicated to the Larization campaign, NBG president discussed the 2016 trends, …

Read More »

KTW to Open a Hotel with Bank of Georgia Funding in Akhasheni

KTW to Open a Hotel with Bank of Georgia Funding in Akhasheni

Bank of Georgia announces financing of the “Kakhetian Traditional Winery” (KTW) project. According to the bank, the group will build a 41-room hotel in Akhasheni, Kakheti region. The wine cellar, sampling area, restaurant and swimming pool will be placed at the hotel. The investment portfolio of the project is 2.3 …

Read More »