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Mamuka Khazaradze: Commercial Bank is not to Fund Startups

A commercial bank is not an institution that funds startups, TBC Bank co-founder Mamuka Khazaradze noted when delivering his speech before students of University of Caucasus. “Regretfully, nobody talks about the main thing that is required for launching these startups. Everybody points to commercial banks. The bank is not an …

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Business Ombudsman Offers TBC Founders to Hold Meeting

Irakli Lekvinadze

“We are ready to hold a meeting with TBC Bank founders if they have such information that we can share to each other. I am ready as a Business Ombudsman to have more information, Business Ombudsman of Georgia Irakli Lekvinadze noted. The information spread about the bank founders and information …

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TBC Bank Chair And Deputy Chair Asked To Resign From Unit By Regulator

TBC Bank received a letter from National Bank of Georgia (NBG) with the request that the head of the supervisory board and deputy head of the supervisory board leave the board membership within two months. The regulator’s request is related to the 2007-2008 specific transactions, which NBG classifies as a …

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Terabank Publishes Successful Financial Indicators for 2018

The year 2018 ended with successful financial indicators for terabank. The bank has demonstrated a positive dynamic of growth. The bank’s gross loan amount grew by 17.9% in 2018, amounting to a total of GEL 105.6 million. SME and microloans increased by GEL 98.1 million (42.3%) in the small and …

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French Ambassador: Developed Events Around TBC Bank are Strange

According to the French Ambassador to Georgia Pascal Meunier, the developed events around TBC Bank raise some questions. According to the French Diplomat, negative signals come from Georgia regarding justice in recent months. ”The events around TBC Bank are strange. Such things are associated with me for the past. This …

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Georgian Banks Ranked by 2018 Earnings

Georgian commercial banks have published 2018 financial reports. The leader of banking sector is TBC bank which had accumulated a net profit of 361 million GEL in 2018. Bank of Georgia in on the second place, with a profit of 342 million GEL. Liberty Bank took the third place with a net profit …

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Visa and SPACE Neobank Offer Banking Card Delivery to its Consumers

Visa and Space Neobank, powered by the Georgia’s largest bank TBC, launch delivery service for Space consumers in Georgia. Fully digital bank Space provides customers with smart range of retail banking services including bill payments, loans, money transfers and payment cards. Space Neobank is the mono issuer of Visa payment …

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TBC Research Reviews Georgia’s Economy

TBC Research has published a monthly update on Georgia’s economy. In spite of lower global growth projections and expected recession in Turkey probably won’t have as much impact on Georgian economy, due to lower dependency on Turkey.  GDP growth According to the initial estimates of Geostat, real GDP growth accelerated …

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VTB Bank Introduces Campaign on Consumer Loans

VTB Bank Georgia

VTB Bank has introduced a new campaign for consumer loans. Namely, consumers are able to take an unsecured loan of about 30 000 GEL and mediator-secured loan of about 45 000 GEL. The maturity makes up 4 years. VTB Bank offers simplified procedures for taking loans by submitting incomes reference …

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M² Issued $30 million Worth Bonds

M² issued $ 30 million in bonds. The company-owned portfolio includes commercial, office and warehouse spaces. Over the last 4 years, the m² consumers have been able to invest free financial resources in bonds for the fourth time, and therefore, to make their own money flow better. The three year …

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