Banking

National Bank President to Hold Meetings as part of IMF and WB Annual Forum

Koba Gvenetadze, president of the National Bank of Georgia (NBG) is attending annual meetings of International Monetary Fund (IMF) and World Bank (WB).

TBC Capital: Two or Three Companies will Issue Bonds in Several Months

In 2019, TBC Capital has placed bonds of more than 6 companies at Georgian Stock Exchange (GSE). TBC Bank deputy director general Goga Tkhelidze noted that in October a major trade company will issue bonds.

GEL Exchange Rate, Tightened Monetary Policy and Currency Interventions

Tightened monetary policy, currency interventions and lowered reserve requirements; does the National Bank’s policy genuinely work in relation to the GEL, and what is the problem with the national currency?

GEL-denominated Loans in August Rose by 323 million GEL

In August 2019, as compared to July 2019, GEL-denominated loans issued by Georgia-based commercial banks (excluding interbank loans) rose by 323 million GEL, whilst foreign currency denominated loans rose by 13 million GEL.

OPIC Commits USD 15 mln Loan to JSC Liberty Bank

Today, the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, signed a Commitment Letter to provide USD 15 mln in financing to JSC Liberty Bank.

TBC Launches New Student Program

TBC launches new student program 'TBC Camp'.

Deposits at Commercial Banks Grow to 25.3 Billion GEL, Larization Hits 36%

According to the National Bank of Georgia (NBG), volume of nonbank deposits in the banking sector made up 25 340 000 000 GEL as of September 1, 2019, up 344 900 000 GEL (+1.38%)

Banking Sector Profits in August Rose by 125% Year on Year

In August 2019 net profits of commercial banks made up 110.106 million GEL, up 27.434 million GEL month on month and up 61.178 million GEL year on year (+125%).

Bank of Georgia Gets an STP Award from Commerzbank

Commerzbank granted Bank of Georgia with STP (Straight Through Processing) award.