Banking

EBRD is Reducing its Stake in TBC Bank

The European Bank for Reconstruction and Development (EBRD) reduced its stake in TBC Bank. The bank placed and sold 850,000 shares on the London Stock Exchange (LSE) in an accelerated manner.

Pasha Bank Continues to Operate at a Loss

Pasha Bank is unable to achieve the desired result with aggressive marketing. Very few users have information on Top Card and it is also very scarce.

Georgia Becomes IDA Donor as Country Celebrates 30 Years of Partnership with World Bank

Georgia became a member of the World Bank shortly after the country’s restoration of independence and, since then.

The Dutch Development Bank FMO and Credo Bank Sign 100 mln GEL Facility to Support Entrepreneurs in Georgia

FMO, the Dutch entrepreneurial development bank and Credo Bank announced signing of an 100 mln GEL transaction.

Global Finance Named Bank of Georgia the Best Digital Bank in Central and Eastern Europe

Global Finance has identified the best digital banks around the world. The Bank of Georgia was named as the bank providing the best digital offer in Central and Eastern Europe.

Tornike Kordzaia Appointed Retail Banking Director Of Liberty Bank

 Before joining Liberty Bank, Kordzaia headed Retail & Business Clients Finance Department at JSC TBC Bank. Prior to this he served as Head of Research at TBC Capital.

TBC Bank Uzbekistan Attracted an Additional Investment of $35.1 Million

The European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC) and TBC Bank Group PLC are investing an additional $35.1 million in TBC Bank Uzbekistan.

Bruno Balvanera Appointed a New Member of Supervisory Board at Liberty Bank

Today JSC "Liberty Bank" announced the appointment of Bruno Balvanera as a new independent member of the Supervisory Board, effective from August 3, 2022.

NBG Bought $110 Million through Bmatch Platform in July

According to the president of the National Bank, Koba Gvenetadze, the National bank of Georgia bought $110 million from the foreign exchange market in July.