Declining GEL Interest Rates may Reverse
After excessive GEL depreciation and the pressure on prices, the NBG turned more hawkish increasing the likelihood of rate hikes (see note on inflation and exchange rate).
TBC Bank Offers its Customers Simplified Mortgage Terms
TBC Bank offers new, simplified mortgage terms to users who are planning to buy a home. The new terms can be applied to people who want to buy or renovate a home from a development company or who have a positive credit history.
TBC Signed a Framework Agreement for Financing Trade Operations with City Bank
TBC Bank has signed a trade financing agreement. The framework agreement will be used to finance the trade activities of local importers and exporters in Georgia.
National Bank of Georgia Sells $40 million to Regulate Currency
The National Bank of Georgia (NBG) will sell USD 40 million today.
National Bank President: Georgian Economy Suffers from External Shocks
On July 30 Koba Gvenetadze, president of the National Bank of Georgia (NBG) answered questions of reporters regarding the current economic situation in Georgia, which has assessed as an eternal shock.
TBC Conducted Training on Energy Sector Financing with Swiss ResponsAbility Global Climate Partnership Fund (GCPF)
TBC has conducted the training of financing renewable energy projects with the support of Swiss Climate ResponsAbility Investments AG's Global Climate Partnership Fund (GCPF).
ProCredit Bank’s 20 Years in Georgia – the Advantages of Being a German Bank in the Georgian Financial Sector
20 years of banking experience, 100% German capital, the highest credit rating in the Georgian banking sector, environmental friendliness and a focus on small and medium sized business development.
Twelve Georgian Commercial Banks Join Credit-Guarantee Scheme
Twelve Georgian commercial banks have joined the credit-guarantee scheme with the aim to simplify access to financial resources for small and medium business companies and ensure inclusive economy growth.
TBC Bank Group PLC Board Changes
TBC Bank Group PLC confirmed that, further to today’s announcement by the Georgian office of Public Prosecution, the Chairman and Deputy Chairman have decided to step down from the board of TBC PLC with immediate effect.