Home / Tag Archives: Million

Tag Archives: Million

Total of 144 Million USD Received and 20 Million Sent in July

In July 2018, the volume of money transfers from abroad constituted 144.2 million USD (352.9 million GEL), which is 19.3 percent (23.3 million USD) more than the amount in July 2017. 92.8 percent of the total money transfers from abroad came from 16 largest donor countries, with the volume of …

Read More »

Georgian Citizens Spent 112 Million GEL Abroad in January

Georgian Citizens Spent 112 Million GEL Abroad in January

Georgian citizens spent 112 million GEL abroad. Transaction via plastic cards are increased by 23% y-o-y (01/2017 – 91 million). Envisaging exchange rate effect, the growth is 34%. GEL is strengthened by 6% against USD y-o-y. Cash withdrawals from the ATMs amount to 11 million USD from 45 million USD …

Read More »

Cartu Bank Profits Marked 5.6 million GEL as of May 1

Cartu Bank Profits Marked 5.6 million GEL as of May 1

Cartu Bank profits marked 5.6 million GEL as of May 1 and the bank’s ratio in total profits of commercial banks (296.6 million GEL) made up 1.9%. Profitability coefficient considerably worsened in April. Return on Equity (ROE) made up 8.61%; Return on Assets (ROA) totaled 1.41% (Q1/2017 -11.2%; 1.77%). The …

Read More »

National Bank of Georgia sold $40 million

National Bank of Georgia sold $40 million

National Bank of Georgia made the first foreign exchange intervention after October 12. NBG sold USD 40 000 000 during its Foreign Exchange Auction. The average weighted bid rate was 2.7823. NBG sold 180 million USD from August. The central bank of the country regards, that the rate of national …

Read More »

EBRD to Fund Projects of 400 Million in Georgia

EBRD to Fund Projects of 400 Million in Georgia

European Bank for Reconstruction and Development (EBRD) will allocate the largest sum ever for funding the projects in Georgia. The matter concerns to 400 million EUR, which should be spent on construction of several important projects. Including, Neskra HPP, credit line of 100 million for Bank of Georgia, renovation project …

Read More »