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Tag Archives: NBG

Georgia will Enjoy Renewed 5 GEL Banknotes From September

From September first, the new 5 GEL banknote will be introduced into circulation alongside the existing currency. The new money will depict the same iconic faces but will have a vastly different and more vibrant look with additional elements, Koba Gvenetadze announced. The front side features Ivane Javakhishvili and Tbilisi State …

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New Bill to Smooth Foreign Banks Licensing Procedures

NBG Reduces Its Policy Rate By 25 Basis Points To 6.75%

According to the bill on National Bank of Georgia (NBG), the list of documents to be submitted to NBG for obtaining a banking license is broadened: More detailed information must be submitted about the bank owner; The bank must submit business model and risks management documents approved by a supervisory …

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Georgia – Leader in Region in Terms of Economic Growth Pace

Georgia’s economy has recorded favorable growth indicators in the first quarter of 2017, Geostat, the national statistics service of Georgia, reports. In March 2017  the real GDP growth rate marked 5.3%, as compared to the same period of 2016, while the averaged real growth in the first quarter marked 5%. …

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Retail Loans Dollarization Shrinks by 4.6% in 3 Months


In March 2017 deposits dollarization coefficient has insignificantly increased. According to National Bank of Georgia (NBG), in March (as of March 17), deposits dollarization coefficient made up 70%, up from 69.8% in February 2017 and down from 70.4% in January 2017. Unlike deposits, in March loans dollarization level declined to …

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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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