Banking

Banking Sector Regulations Halve Sales – Microfinance Organizations to Develop New Installment Schemes

According to Geostat, the national statistics service of Georgia, as of December 1, 2019, there are about 2000 stores for home appliances  in Georgia, including 1,954 small trading outlets.

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.

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.

VTB Bank Introduces Campaign on Consumer Loans

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.

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.

Bank of Georgia Transmits 3.7 million GEL Shares to Kakha Kiknavelidze

According to the statement published at London Stock Exchange (LSE), 68 000 shares of Bank of Georgia was transmitted to Kakha Kiknavelidze.

Papuna Lezhava Appointed As Vice President of National Bank of Georgia

Papuna Lezhava has been appointed as the Vice President of National Bank of Georgia.

Georgian Beer Company Carried out Public Bonds Emission of 25 Million GEL with the Help of TBC Capital

The leader of beer and non-alcoholic beverage manufacturer “Georgian Beer Company” has carried out an obligations’ emission of 25,000,000 GEL worth, which is one of the largest transactions in the corporate public sector segment in 2018.

Net Profits of Commercial Banks Totaled 119.1 million GEL in December

Net profits of the Georgian banking sector made up 119.1 million GEL in December 2018, down 22% compared to December 2017.