Banking

TBC Bank’s 2018 Profit Rises

TBC Bank Group Plc reported a 21.5 percent jump in full-year earnings, as lending remained strong on the back of a strong macroeconomic performance.

Business Ombudsman Offers TBC Founders to Hold Meeting

“We are ready to hold a meeting with TBC Bank founders if they have such information that we can share to each other. I am ready as a Business Ombudsman to have more information, Business Ombudsman of Georgia Irakli Lekvinadze noted.

Mamuka Khazaradze: Commercial Bank is not to Fund Startups

A commercial bank is not an institution that funds startups, TBC Bank co-founder Mamuka Khazaradze noted when delivering his speech before students of University of Caucasus.

TBC Bank Chair And Deputy Chair Asked To Resign From Unit By Regulator

TBC Bank received a letter from National Bank of Georgia (NBG) with the request that the head of the supervisory board and deputy head of the supervisory board leave the board membership within two months.

Terabank Publishes Successful Financial Indicators for 2018

The year 2018 ended with successful financial indicators for terabank. The bank has demonstrated a positive dynamic of growth.

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.