Banking

Irakli Elashvili to Lead the Management Team of FINCA Bank

Irakli Elashvili will lead the management team of FINCA Bank.

Commercial Banks Finished August in Net Profits of GEL 96.363 million

Commercial banks have finished the month of August in net profits of GEL 96.363 million, up GEL 32.870 million compared to July 2020 (GEL 63.493 million).

Basisbank made a Profit of GEL 5 Million in August

Basisbank posted a profit of GEL 5 million in August and halved its loss of GEL 10.9 million in January-July.

TBC Makes it Easier for Businesses to Manage Invoices

To support businesses, TBC is offering a new invoicing service that greatly simplifies the routine that companies have to perform on a daily basis.

Georgian Commercial Banks Bear Losses – 1H20 Rating

Consolidated losses of Georgia-based commercial banks in the first half of 2020 marked GEL 486 million, the financial report submitted by commercial banks to the National Bank of Georgia (NBG) reads.

TBC Bank Creates New Simple Channel of Mortgage Loans

For the first time in Georgia, customers are able to take mortgage loans easier, through digital channels.

VTB Bank Becomes General Sponsor of Georgian Football Federation

VTB Bank and Georgian Football Federation (GFF) have decided to take their cooperation to a new level.

NBG Cuts The Monetary Policy Rate By 0.25 Percentage Points To 8.0%

The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) met on August 5, 2020, and decided to cut the refinancing rate by 0.25 percentage points to 8.0 percent.

Aleksandre Dzneladze: Digital Bank’s is Capable of Penetrating International Markets

The digital bank is capable to penetrate international markets and provide international services