The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) met on March 13 and decided to cut the refinancing rate by 25 basis points. Currently, the policy rate stands at 6.5 percent.
Where can we find or borrow money which would be easy to return at the lowest interest rates? Are there, anywhere, similar creditors? It turns out that similar creditors do genuinely exist.
The TBC Bank case has turned out to be a high-profile matter over the past month. The story of one transaction raised more questions in terms of business freedom and democracy in the country.
TBC Bank founder Mamuka Khazaradze demands that Koba Gvenetadze, president of the National Bank of Georgia (NBG) resign and urges to call him to account.
The U.S. Embassy to Georgia is closely following developments surrounding TBC Bank.
The volume of lending by commercial banks (including loans to non-residents) in January 2019 decreased by 170.2 million GEL or by 0.6 percent compared to the previous month.
The ongoing meeting of the parliament committee on TBC Bank case was closed after voting.