Banking

TBC Bank Received 34 million USD Credit Resource

On February 28, TBC Bank has received 34 million USD credit resource from the European Investment Bank (EIB). The funds will be spent on small and medium business financing of bank clients in Georgia.

U.S Embassy: TBC Case Result can Have Significant Implications for Georgia’s Reputation

The U.S. Embassy to Georgia is closely following developments surrounding TBC Bank.

Volume of Lending by Commercial Banks Decreased by 170.2 million GEL

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.

Non-bank Deposits Decreased by 450.6 million GEL

The total volume of non-bank deposits in the country’s banking sector decreased by 2.0 percent.

Committee Meeting on TBC Bank Case Closed after Voting

The ongoing meeting of the parliament committee on TBC Bank case was closed after voting.

EUGBC Suggests Create Monitoring Commission on TBC Bank’s Case

EU-Georgia Business Council (EUGBC) issued an official statement in regards to TBC Bank case. EUGBC expressed its support for TBC by stating that it is a company which has achieved a significant success.

Mamuka Khazaradze: I Have Made Decision to Quit TBC Bank

Mamuka Khazaradze has released a special statement in the social network:

TBC Bank Withdraws all Court Cases Against the National Bank of Georgia

Over the last few days, we have had detailed discussions around events concerning TBC Bank. Regarding this, NBG announces the following:

National Bank President to Deliver Speech on TBC Bank Case at Parliament of Georgia

Koba Gvenetadze, president of the National Bank of Georgia (NBG), will deliver a speech on the TBC Bank case at the parliament of Georgia on February 26.