TBC Capitalization Exceeds 720.3 million GBP

The price of one share of TBC Bank Group (TBCG LN) at London Stock Exchange (LSE) made up 12.42-13.45 GBP in the last trading session week. 

Commercial Banks Take over Properties of 182 million GEL from Borrowers

The property of borrowers has increased at the banking sector

Bank of Georgia and Caucasus University Launch Strategic Partnership

Bank of Georgia and Caucasus University have launched strategic cooperation. Under the signed memorandum

National Bank Raises Monetary Policy Rate by 1% to 8.5%

The National Bank of Georgia (NBG) has raised the monetary policy rate by 1% to 8.5%, the NBG press-release reads.

National Bank President to Hold Meetings as part of IMF and WB Annual Forum

Koba Gvenetadze, president of the National Bank of Georgia (NBG) is attending annual meetings of International Monetary Fund (IMF) and World Bank (WB).

TBC Capital: Two or Three Companies will Issue Bonds in Several Months

In 2019, TBC Capital has placed bonds of more than 6 companies at Georgian Stock Exchange (GSE). TBC Bank deputy director general Goga Tkhelidze noted that in October a major trade company will issue bonds.

GEL Exchange Rate, Tightened Monetary Policy and Currency Interventions

Tightened monetary policy, currency interventions and lowered reserve requirements; does the National Bank’s policy genuinely work in relation to the GEL, and what is the problem with the national currency?

GEL-denominated Loans in August Rose by 323 million GEL

In August 2019, as compared to July 2019, GEL-denominated loans issued by Georgia-based commercial banks (excluding interbank loans) rose by 323 million GEL, whilst foreign currency denominated loans rose by 13 million GEL.

OPIC Commits USD 15 mln Loan to JSC Liberty Bank

Today, the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, signed a Commitment Letter to provide USD 15 mln in financing to JSC Liberty Bank.