Banking

TBC Capital Forecast – Georgia’s FDI will Shrink by $500 million in 2020

Foreign direct investments in 2020 will expectedly shrink by $500 million compared to 2019 and the figure will amount to $770 million, TBC Capital company reports.

Bank of Georgia Introduces Digital Card

Bank of Georgia has introduced its Digital Card to provide more comfort and safety for its clients.

Bank of Georgia Plans to Raise $500 Million

The Bank of Georgia plans to attract $500 million in the coming months, - the General Director of the Bank informed the investors.

The Visa Foundation Announces Grantee to Support COVID-19 Recovery in Central Europe Including Georgia

The Visa Foundation today announced its approval of a $1.6 million COVID-19 relief grant to the Red Cross to support their COVID-19 recovery programs across Central and Eastern Europe, Middle East and Africa.

Will Commercial Banks Extend Grace Period?!

The 3-month grace period will expire in several weeks.

JSC Liberty Bank signed a Memorandum of Understanding with the United Nations Population Fund

The purpose of this MoU is to provide a framework of cooperation and facilitate collaboration between Liberty and UNFPA in areas of common interest

Paata Ghadzadze: We Have Compensated over 2 million GEL in Online

“Nothing positive is happening in the insurance sector, but I believe we should stay positive”, TBC Insurance director general Paata Ghadzadze told the Business Course, when appraising the COVID-10 effect on insurance industry.

Koba Gvenetadze: Removing the 200,000 GEL Top Margin May Bring Negative Outcomes

"I do not object that the 200,000 GEL top margin run on loans", Koba Gvenetadze, president of the National Bank of Georgia (NBG) told the Business Partner’s Four TV Program

Crisis Management Mechanisms at Major Companies

“Our IT group has tirelessly worked throughout the weeks to shape valuable digital operational environment for our staff.