Banking

The Board of JSC Liberty Bank is pleased to announce Mr. Beka Gogichaishvili as the new Chief Executive Officer (CEO).

TBC has attracted GEL 306 million in financial resources from the Asian Development Bank (ADB), which will be used to meet the growing demand for mortgage loans in Georgia and the needs of borrowers in this area.

Turkish Isbank is increasing investments in Georgia. According to the commercial director of the bank, Ucha Saralidze, human capital is also growing. Isbank needs a team Strengthening to develop digital channels.

JSC Bank of Georgia, signed a USD50 million additional tier 1 capital perpetual subordinated syndicated facility. The European Bank for Reconstruction & Development and Swedfund International AB are the lenders.

Banks operating in Georgia have submitted financial results for the first four months of 2022 to the National Bank. According to reports, the total revenue of the sector during this period was 2.18 billion GEL.

Georgian citizens have deposits of GEL 15.7 billion in commercial banks. 69% of this amount or 10.8 billion GEL is placed in foreign currency.

For more than a year now, the TBC team has been expanding internationally and attracting talent from different countries in the field of technology.

TBC plans to launch banking operations in Uzbekistan in the summer. 

ProCredit Bank shares the statement about the recent events that have increased the interest in the approach towards opening accounts for Russian citizens and Russian-based companies.