Banking

Profit of Georgian Banks Decreases

In June 2019, Georgian banks’ profits decreased by 29.9 million compared to May and by 29.9 million compared to June 2018 amounted to GEL 33.9 million.

TBC Bank Welcomes a New Board Member

TBC Bank Group PLC ("TBC PLC") announces that its principal subsidiary, JSC TBC Bank ("TBC Bank"), has appointed Arne Berggren as a member of the TBC Bank Supervisory Board. 

Stock Exchange Development to Heat Up in 2020

Stock exchange development will accelerate in Georgia in 2020-2021, according to TBC Bank Deputy Director General Giorgi Tkhelidze on the TV program Business Partner.

Bank Credit Growth came in at 14.1% YoY in June 2019

Bank credit growth came in at 14.1% YoY in June 2019 being 1.4 pp higher compared to the 12.7% in the previous month.

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.