Banking

The "Elmavalmshenebeli" factory, located on Guramishvili Avenue in Tbilisi, has been purchased by the Bank of Georgia for 19.5 million GEL after a repeat auction.

In January, NBG purchased a net amount of US dollars in the foreign exchange market, reaching a high figure of 155 million which exceeds the previous monthly interventions of about 100 million.

As part of their partnership, TBC and Charte organized a master class on March 1 at the TBC concept's multifunctional space for beneficiaries of the TBC project, in order to share necessary knowledge and experience.

The Bank of Georgia is actively involved in the development and strengthening of the agricultural sector.

According to a review by GALT&TAGGART, land fragmentation and low productivity continue to pose major challenges for the agricultural sector in Georgia.

TBC Bank Group PLC on Wednesday reported a profit rise in the final quarter of 2022 and in the full year, as net interest income jumped on higher interest rates.

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 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.

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.