Banking

EIB Approves EUR 15 mln Loan to JSC Liberty Bank

The European Investment Bank (EIB) and JSC Liberty Bank, signed a Loan Agreement within the framework of the EU4Business Initiative.

Bank of Georgia Signs 10-Year Loan Agreement Totaling 107 million USD

Bank of Georgia has attracted 10-year subordinated syndicated loans of 107 million USD. The bank has already signed a due agreement.

The Banker Acknowledges TBC Bank as Georgia’s Best Bank in 2019

The Banker international financial edition has named TBC Bank as Georgia’s Best Bank in 2019 in its annual country awards.

ADB Approves $15 Million Loan to Begin Improvement Work to Urban Environment in Georgia

ADB has approved a $15 million loan (in euro equivalent) to finance the preparation and design of a program that will help improve infrastructure and services in Georgia

International Investment Forum “UzInvest - 2019” Took Place in London

The International Investment Forum “UzInvest - 2019” was held in London with the support of TBC Bank,

National Bank Sells 20 million USD at Currency Auction

On November 26, the National Bank of Georgia (NBG) sold 20 million USD at currency auction and the average weighed exchange rate made up 2.9699 GEL for 1 USD.

Georgia to Adopt Law on Investment Foundations

The National Bank of Georgia (NBG) will hold discussions on the bill of amendments to the Georgian Law on Investment Foundations and the Tax Code.

ADB Raises 85.05 Million Georgian Lari in Offshore Bond Market

The Asian Development Bank (ADB) has raised 85.05 million lari ($28.6 million) from its first Georgian lari-denominated bonds issued in the offshore market.

Economic Growth Potential

According to a preliminary forecast by TBC Bank, 2019 economic growth will be about 4.7%. Growth is expected to exceed 5% in 2020, TBC Bank’s chief economist Otar Nadaraia told BusinessPartner.