Commercial Banks Record Losses of 943,130 million GEL

Georgia-based commercial banks are bearing losses. In March 2020, the banking sector’s losses amounted to 943,130 million GEL.

TBC Bank in Uzbekistan Appoints Sandro Rtveladze As Chief Executive Officer

TBC bank in Uzbekistan, appointed Sandro Rtveladze as chief executive officer. 

TBC Obtained a Banking License in Uzbekistan

The Central Bank of Uzbekistan has granted a license to TBC Bank Group PLC.

National Bank Introduces Distant Supervision Portal

The Legislative Herald has published the decree signed by Kobe Gvenetadze, president of the National Bank of Georgia (NBG) that determines the distant supervision norms.

Visa Easy Payment Service Limit Increase to 160 GEL

Visa today announced it is supporting an increase in the Card Verification Method limit to 160 GEL in Georgia, allowing consumers to simply tap-to-pay using their card, mobile phone or contactless wearable device for larger purchases.

Credo Bank and FMO Sign 30-million GEL Loan Agreement

Credo Bank and the Dutch Entrepreneurial Development Bank - FMO have signed a GEL 30 Million Loan Agreement.

JSC Liberty Bank Announces Changes in Senior Management

JSC Liberty Bank announces the appointment of Mr. Davit Tsiklauri as Chief Financial Officer.

Bank of Georgia Attracts $55m FMO Investment

With a $55m FMO investment attracted, Bank of Georgia has further strengthened its capital and liquidity positions.

TBC has Raised USD 67 million from Citibank to Finance the Trade

TBC has raised $ 67 million from Citibank to finance the trade. This is the first agreement between TBC and Citibank on attracting funding in the field of trade finance.