Banking

Georgian Banks Started 2022 with a Profit of 522 Million GEL

Banks operating in Georgia have submitted financial results for the first four months of 2022 to the National Bank. According to reports, the total revenue of the sector during this period was 2.18 billion GEL.

Georgian Citizens Keep 69% of their Bank Savings in Foreign Currency

Georgian citizens have deposits of GEL 15.7 billion in commercial banks. 69% of this amount or 10.8 billion GEL is placed in foreign currency.

TBC Attracts Technology Specialists from All Over the World

For more than a year now, the TBC team has been expanding internationally and attracting talent from different countries in the field of technology.

TBC Plans to Launch Banking Operations in Uzbekistan in the Summer

TBC plans to launch banking operations in Uzbekistan in the summer. 

ProCredit Bank's Statement: Our Bank Does Not Open Accounts for Russian Citizens

ProCredit Bank shares the statement about the recent events that have increased the interest in the approach towards opening accounts for Russian citizens and Russian-based companies.

Silk Road Bank has Increased Lending to ₾16 Million

Silk Road Bank has increased lending to GEL 16 million. The share of foreign currency loans in the loan portfolio does not exceed 10.5%.

There are Changes in the BOG Supervisory Board

Neil Janin, who has been managing Bank of Georgia Holding since 2010, is leaving the bank.

Bank of Georgia Appoints Mel Carvill as New Chairman

Bank of Georgia Group PLC said Thursday that it has appointed Mel Carvill as chairman to replace Neil Janin with immediate effect.

VTB Completed 600 Million Portfolio Migration Process

VTB completed the migration of its 595 million GEL retail portfolio to Basisbank last night and will pay off Liberty on Thursday night before handing over part of the corporate portfolio.