Silk Bank Ended 11 Months with a Loss of Up to 3 Million
As you know, with the reserve requirement implemented last year, the bank, with high larization of deposits (>60%) on loans raised in foreign currency, enjoys a reduced rate from 25% to 10%.
Founder of Binance Visits Georgia and Says that the Country is the Hub of Advanced Financial Technologies
Founder and CEO of Binance, the world's leading cryptocurrency and blockchain infrastructure provider, visits Georgia for a first time. During the visit he meets with Irakli Garibashvili, Prime Minister of Georgia, business and crypto communities.
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.