Banking

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.

TBC Bank’s 2018 Profit Rises

TBC Bank Group Plc reported a 21.5 percent jump in full-year earnings, as lending remained strong on the back of a strong macroeconomic performance.

Business Ombudsman Offers TBC Founders to Hold Meeting

“We are ready to hold a meeting with TBC Bank founders if they have such information that we can share to each other. I am ready as a Business Ombudsman to have more information, Business Ombudsman of Georgia Irakli Lekvinadze noted.

Mamuka Khazaradze: Commercial Bank is not to Fund Startups

A commercial bank is not an institution that funds startups, TBC Bank co-founder Mamuka Khazaradze noted when delivering his speech before students of University of Caucasus.

TBC Bank Chair And Deputy Chair Asked To Resign From Unit By Regulator

TBC Bank received a letter from National Bank of Georgia (NBG) with the request that the head of the supervisory board and deputy head of the supervisory board leave the board membership within two months.

Terabank Publishes Successful Financial Indicators for 2018

The year 2018 ended with successful financial indicators for terabank. The bank has demonstrated a positive dynamic of growth.

Banking Sector Regulations Halve Sales – Microfinance Organizations to Develop New Installment Schemes

According to Geostat, the national statistics service of Georgia, as of December 1, 2019, there are about 2000 stores for home appliances  in Georgia, including 1,954 small trading outlets.