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Tag Archives: NBG

Ministry Of Finance Of Georgia Treasury Note Auction Results

Georgian LARI Strengthens to New Highs

On May 10, 2017, GEL 30 000 000 2-year Ministry of Finance Treasury Notes were sold at the Auction held at NBG. Five commercial banks participated in the auction. The total demand amounted to GEL 56 300 000. Minimum yield was 7.900%, maximum yield was 7.980% and the weighted average …

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National Bank of Georgia and Microsoft Georgia Announce Cooperation

National Bank of Georgia and Microsoft Georgia held discussions on the topic of cloud computing and the supervision of outsourcing risk and announced their readiness for cooperation in the sphere of Cloud computing in the financial sector within the country. The operational risk regulation of the National Bank of Georgia does …

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Banking Sector’s Revenues Grew in January-February Period

Banking sector’s revenues in January-February made up 558 million GEL, up 12% year on year. According to statistics of National Bank of Georgia (NBG), in the reporting period the banking sector’s expenditures totaled 105 million GEL (104 million GEL as of March 1, 2016), including staff expanses marked 92 million …

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NBG President: About 23% of Loans Converted into GEL

lari

Currently, 75 million USD has been converted into GEL, Koba Gvenetadze, President of National Bank of Georgia (NBG), noted. “Moreover, we have also specified the list of loans that are subject to larization. About 23% of loans were converted into GEL. As to Larization process, in general, this is not …

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Back to the Past- National Bank Regains Supervision over Finance Sector

At the end of February Government decided to return finance sector supervision functions to National Bank of Georgia (NBG). However, as a matter of fact, NBG had not lost supervisory functions in practice, despite in 2015 Parliament approved amendments to the Law on Commercial Banks, under which finance sector supervision …

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National Bank Vice President Comments on Bank Deposits Insurance Mechanism

Bank deposits insurance is one of the mechanisms for ensuring steadiness of finance sector, National Bank vice president Murtaz Kikoria told reporters. “Today the banking system is demonstrating the highest level of steadiness – bank capital adequacy, profitability, liquidity and steadiness indicators satisfy the highest standards. Consequently, it is better …

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