Natia Turnava, the Acting President of the National Bank of Georgia, has confirmed the resignation of board member Papuna Lezhava.
Archil Mestvirishvili has announced his resignation from the National Bank of Georgia, taking to social media to make the official statement.
TBC Bank and Bank of Georgia have announced their intention to adhere to international sanctions, despite contrasting guidance from the National Bank of Georgia.
With support from the European Union (EU) and Sweden, the European Bank for Reconstruction and Development (EBRD) is unlocking fresh funds via TBC Bank for Georgian micro, small, and medium-sized enterprises (MSMEs) led by women.
In a promising development for the Georgian financial landscape, the Chairman of the Microfinance Association has announced that the country's first microbank is expected to emerge by the end of the year.
In August 2023, Silk Bank experienced significant growth, expanding its credit portfolio by 27% month-over-month to reach 22.2 million GEL.
TBC Bank has successfully garnered $70 million in trade financing from Citibank, marking the second such agreement between the two financial giants in this sector.
National Bank of Georgia Joins Forces with Basel Innovation Hub to Advance Digital Currency Initiatives
The National Bank of Georgia is embarking on a strategic collaboration with the Basel Innovation Hub (BISIH) to delve into the nascent realm of digital GEL, Georgia's official currency.
The Bank of Georgia has successfully secured a $50 million financial package from Citi to bolster its trade financing capabilities.