TBC Group Seizes 100% Ownership of Uzbek Payme in Strategic Expansion
In a decisive move towards market consolidation, TBC Group, a Georgian enterprise, has announced its acquisition of the remaining 49% stake in Payme, Uzbekistan's preeminent online payment platform.
Georgia's Foreign Exchange Reserves Reach Historic High of $5.1 Billion
The National Bank of Georgia has actively purchased foreign exchange reserves, leading to a historical maximum of $5.1 billion in reserves.
Banking Sector Sees Fewer Opportunities for Long-Term Consumer Loans Amid High Inflation
Amid high inflation and increased pressure on the banking sector, there are fewer opportunities for long-term consumer loans.
Bank of Georgia and Regional Small and Medium Business Development Project team up to support SMEs
The Bank of Georgia and the Regional Small and Medium Business Development Project have signed a memorandum of cooperation to help increase access to finance for small and medium-sized enterprises (SMEs) in Georgia.
Georgian Neobank’s TBC UZ App Crosses 4 million Downloads in Uzbekistan Market
Space International, the first international Georgian fintech company of the TBC Group, has announced that its TBC UZ application has been downloaded four million times in Uzbekistan in just two and a half years since its launch.
Nika Kurdiani Takes Charge of TBC Bank's International Expansion
After serving as Deputy General Director of TBC for nine years, Nika Kurdiani is taking on a new role as head of TBC Bank's international expansion starting from May 1.
VISA and EC/MC: The Battle of Credit and Debit Cards in Georgia
According to recent statistics from the National Bank of Georgia, the use of bank plastic cards continues to grow on the Georgian market, with a total of 7,950,110 cards in circulation as of February.
International Level Mentors Announced for 500 Global Accelerator's Fourth Stream in Georgia
500 Global, one of the world's largest accelerators, has launched its fourth stream in Georgia with 12 selected startups.
Bank of Georgia Announces Departure of Chief Operating Officer and Plans for Strategic Growth.
The Bank of Georgia group has announced changes in its management, with the departure of Levan Kulijanishvili, the current Chief Operating Officer (COO) who will be leaving his post on May 12.