Bank credit growth came in at 14.1% YoY in June 2019 being 1.4 pp higher compared to the 12.7% in the previous month.
The European Investment Fund (EIF) and ProCredit Group have announced that they would provide an additional EUR 800 million to innovative small and medium-sized companies.
Bank of Georgia Group PLC announces that JSC Bank of Georgia and the European Bank for Reconstruction and Development have signed GEL 28 million loan agreement with a maturity of 5 years.
The Asian Development Bank (ADB) raised 60 million lari (around $21 million) from two new issues of local currency bonds auctioned in Georgia.
TBC Bank founder Mamuka Khazaradze has released a special statement about plans for establishing a new public movement in September 2019.
TBC Bank has been named the Best Bank in Georgia 2018 by EMEA Finance magazine for the eighth consecutive year.
Fitch Ratings has assigned JSC TBC Bank's (TBC) USD125 million perpetual additional Tier 1 (AT1) notes a final long-term rating of 'B-'.
National Bank of Georgia upgraded 10 lari banknotes.