Home / Tag Archives: NBG (page 12)

Tag Archives: NBG

Finance Minister: Government and NBG are Actively Cooperating

Finance MInister nodar_khaduri

Georgian Finance Minister Nodar Khaduri believes  that refinance loans issued by the National Bank do not have a negative impact on the exchange rate of the lari. According to him, in general, purely macro-economic factors that contribute to devaluation of the national currency are exhausted, and in the coming days …

Read More »

Parliament Overrides Presidential Veto on Banking Supervision Bill

parliament

The Parliament overturned on September 3 presidential veto on a package of bills that removes banking supervisory functions from the Georgian National Bank (NBG). The veto was overridden by the Georgian Dream (GD) parliamentary majority group with 81 votes, 5 more than required minimum of 76. Opposition lawmakers from UNM and …

Read More »

NBG: Bank Deposits in Georgia

Latest trends show the number and sum of deposits made in Georgian banks is growing. Specifically, figures released by the National Bank of Georgia (NBG) showed the total sum of non-bank deposits and demand deposits were on the rise in Georgia while term deposits were decreasing. NBG noted the total …

Read More »

NBG: The Volume of Money Transfers Declined in July 2015

NBG, publishes report about money transfers in Georgia, in July. In July 2015, the volume of money transfers from abroad constituted 93.4 million USD (210.7 million GEL), which is 31.8 percent (43.5 million USD) less than the amount in July 2014. 90.9 percent of the total money transfers from abroad came …

Read More »

AYFB: National Bank Ignores IMF Instructions

The Secondary Market of Securities is "Frozen"

VETO-supporting Arguments Contradict Recommendations of International Organizations The National Bank of Georgia (NBG) keeps ignoring recommendations of the International Monetary Fund (IMF). As a result, various aspects of the Georgian economy suffer from negative affects, the Association of Young Financiers and Businessmen (AYFB) says. International organizations positively appraise the NBG performance, …

Read More »

NBG Issued Coin Dedicated to Tbilisi 2015

National Bank Of Georgia Issued A Collector Coin Dedicated To The European Youth Olympic Festival “Tbilisi 2015“. From July 7, NBG to relize “Tbilisi 2015” silver coin. As per 2015 Tbilisi Souvenirs, the National Bank of Georgia issued a collectable coin dedicated to event. The colored emblem of the Olympic …

Read More »

NBG Increases Its Policy Rate to 5.5%

The Monetary Policy Committee of the National Bank of Georgia met on July 1, 2015 and decided to increase the refinancing rate by 50 basis points to 5.5 percent. The monetary policy decision is based on the macroeconomic forecast, which shows increase in the inflation expectations as well as in …

Read More »

Georgia’s GDP Rose to 2.1% in May 2015

According to Geostat, Georgia’s Gross Domestic Product grew by 2.1 percent in May 2015. The data, which was published yesterday, showed that the estimated real GDP growth reached 2.5 percent for the first five months of 2015 compared to 2014.Geostat  produced monthly rapid estimations of real GDP growth using administrative …

Read More »

The Way The Financial Supervision Agency Will Operate

If the National Bank’s Main Responsibility is to Reach the Target Inflation, it should not Institutionally Control Commercial Banks The Financial Supervision Agency of Georgia, as a legal entity of public law, will be an only state body to supervise the financial sector, while the financial sector supervision committee at …

Read More »