The Asian Development Bank (ADB) is providing a 60 million Georgian lari ($22.3 million) loan and a $500,000 technical assistance grant to Credo Bank.
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of JSC TBC Bank Group (TBC) and JSC Bank of Georgia (BOG) at ‘BB-‘ and revised their Outlooks to Stable from Positive.
The newly built complex of Tbilisi Hills Golf & Residences was officially opened 6 months ago, and on April 13, a golf opening ceremony was held.
TBC Capital’s research on the residential real estate sector includes a complete analysis of 2018.
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.