Banking

EIF, ProCredit to Provide EUR 800 mln in Support for Innovative SMEs in 11 countries, including

The European Investment Fund (EIF) and ProCredit Group have announced that they would provide an additional EUR 800 million to innovative small and medium-sized companies.

JSC Bank of Georgia signs c.GEL 28 million 5-year loan agreement with EBRD

Bank of Georgia Group PLC announces that JSC Bank of Georgia and the European Bank for Reconstruction and Development have signed GEL 28 million loan agreement with a maturity of 5 years.

ADB Sells 60 Million Lari Dual-Tranche Domestic Bonds in Georgia

The Asian Development Bank (ADB) raised 60 million lari (around $21 million) from two new issues of local currency bonds auctioned in Georgia.

Mamuka Khazaradze to Establish New Public Movement

TBC Bank founder Mamuka Khazaradze has released a special statement about plans for establishing a new public movement in September 2019.

TBC Bank Named as the Best Bank in Georgia by EMEA Finance Magazine

TBC Bank has been named the Best Bank in Georgia 2018 by EMEA Finance magazine for the eighth consecutive year.

Fitch Rates TBC Bank's Perpetual AT1 Notes Final 'B-'

Fitch Ratings has assigned JSC TBC Bank's (TBC) USD125 million perpetual additional Tier 1 (AT1) notes a final long-term rating of 'B-'.

National Bank of Georgia Unveils New 10 Lari Banknote

National Bank of Georgia upgraded 10 lari banknotes. 

Murtaz Kikoria Becomes Member of Liberty Bank's Supervisory Board

Former Vice president of National Bank of Georgia, Murtaz Kikoria has become member of Liberty Bank's Supervisory Board.

Moody's Upgrades Liberty Bank's long-term ratings

Moody's upgraded JSC Liberty Bank's long-term bank deposit rating to Ba3 from B1 and changed the outlook to stable from positive.