728x90
Home / Tag Archives: National Bank of Georgia (page 10)

Tag Archives: National Bank of Georgia

Central Bank Raised its Refinancing Rate Again – Expert Evaluation

The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) met on August 12, 2015 and decided to increase the refinancing rate by 50 basis points to 6.0 percent. According to the central bank’s  statement, the monetary policy decision is based on the macroeconomic forecast, which indicates increase …

Read More »

National Bank Increases Refinancing Rate by 50 Basis Points

The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) met on August 12, 2015 and decided to increase the refinancing rate by 50 basis points to 6.0 percent. The National Bank has released a statement about the issue, which we are offering without any change in it: …

Read More »

President Vetoes the Bill on NBG

President George Margvelashvili has vetoed the bill on the National Bank of Georgia at today’s briefing. The bill, which envisages separation of the supervisory service from the National Bank, was submitted to the Presidential Administration on July 22. The President was given ten days to present his observations and carrying …

Read More »

Opinions of the National Bank and Banks Association Diverged

An interview with George Tsutskiridze, the Executive Director of the Association of Banks of Georgia President of the National Bank says  that the bill that envisions stripping the National Bank of Georgia (NBG) of its banking supervisory functions will have negative consequences for the banking system and investment climate in general. …

Read More »

Bill has Affected Investor Attitudes, NBG President

NBG-president

President’s veto on the bill concerning the National Bank is yet another opportunity for Members of Parliament to reconsider their decision, NBG’s President Giorgi Kadagidze told reporters. According to him, the bill may create serious dangers for Georgia. “First of all, even from a legal point of view, the bill cannot stand …

Read More »

Banking Industry Profits Rise by 26% in One Year

The banking sector ended the first  half of 2015 with a 243 -million  profit. According to the National Bank of Georgia (NBG), the sector’s  profit increased by 26% a year (in January-June 2014 – GEL 192.43 million). In June, the banking sector’s profit totaled GEL 57,423 million, which is lower …

Read More »

National Bank of Georgia Recommends Gov’t to Cut Spending

The National Bank  of Georgia (NBG) recommends  the government to  cut spending. The central bank has already sent to Parliament its  views and observations about  amendments planned to  the 2015 budget. “Due to the  processes in  the world caused by the dollar strengthening against all the major currencies  and a very …

Read More »

Impact of External Shocks on the Economy of Georgia

Economic situation in the main trade partners is of great importance for the countries with small economies such as Georgia. That is the conclusion of the survey conducted by  the Business School at Ilia State University. The researchers estimate that a decline in purchasing power in the region, the developments in …

Read More »