National Bank’s President about 3 Key Challenges in Financial Sector amid COVID Pandemic
Koba Gvenetadze, president of the National Bank of Georgia (NBG) has participated in the online meeting of managers of central banks of Near East and Central Asia
Irakli Elashvili to Lead the Management Team of FINCA Bank
Irakli Elashvili will lead the management team of FINCA Bank.
Commercial Banks Finished August in Net Profits of GEL 96.363 million
Commercial banks have finished the month of August in net profits of GEL 96.363 million, up GEL 32.870 million compared to July 2020 (GEL 63.493 million).
Basisbank made a Profit of GEL 5 Million in August
Basisbank posted a profit of GEL 5 million in August and halved its loss of GEL 10.9 million in January-July.
TBC Makes it Easier for Businesses to Manage Invoices
To support businesses, TBC is offering a new invoicing service that greatly simplifies the routine that companies have to perform on a daily basis.
Georgian Commercial Banks Bear Losses – 1H20 Rating
Consolidated losses of Georgia-based commercial banks in the first half of 2020 marked GEL 486 million, the financial report submitted by commercial banks to the National Bank of Georgia (NBG) reads.
TBC Bank Creates New Simple Channel of Mortgage Loans
For the first time in Georgia, customers are able to take mortgage loans easier, through digital channels.
VTB Bank Becomes General Sponsor of Georgian Football Federation
VTB Bank and Georgian Football Federation (GFF) have decided to take their cooperation to a new level.
NBG Cuts The Monetary Policy Rate By 0.25 Percentage Points To 8.0%
The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) met on August 5, 2020, and decided to cut the refinancing rate by 0.25 percentage points to 8.0 percent.