TBC Secures $70 Million in Trade Financing from Citibank, Bolstering its Market Position
TBC Bank has successfully garnered $70 million in trade financing from Citibank, marking the second such agreement between the two financial giants in this sector.
National Bank of Georgia Joins Forces with Basel Innovation Hub to Advance Digital Currency Initiatives
The National Bank of Georgia is embarking on a strategic collaboration with the Basel Innovation Hub (BISIH) to delve into the nascent realm of digital GEL, Georgia's official currency.
Bank of Georgia Secures $50 Million Trade Finance Deal with Citi
The Bank of Georgia has successfully secured a $50 million financial package from Citi to bolster its trade financing capabilities.
Rising Georgian Company Stocks Make Waves on the London Stock Exchange
Three Georgian companies—Bank of Georgia, TBS Bank, and Georgian Capital—are making their presence felt on the London Stock Exchange with significant gains in share prices over the past week.
NBG Forecasts a Drop in Refinancing Rate to 9.5% Amidst Inflationary Risks and Geopolitical Challenges
Despite the potential threats of external factors, the financial stability of the nation does not seem compromised by any internal elements, according to the acting president of National Bank of Georgia, Natia Turnava.
S&P Global Ratings Confirms Georgia's Banking Sector's Sustainable Growth
Natia Turnava, Acting President of the National Bank, expressed her satisfaction with the recent report from S&P Global Ratings, which affirms the robust and sustainable development of the Georgian banking system.
New Mandate for Banks Could Impact Deposit Portfolio Pricing
Banks are now required to accumulate financial resources in a resolution fund to mitigate potential financial crises, according to Aleksandre Dzneladze, Chairman of the Banking Association. This announcement was made on the "Business Partner" program.
Integrating Google Pay: How TBC's Tech Team Modernized Payments
TBC has successfully implemented Google's payment system, Google Pay, for several months now. Dedicated to simplifying lives and offering superior consumer experiences
EBRD to Use Services of Basisbank to Access BMatch in Georgia
The EBRD has executed its first US dollar and Georgian lari foreign exchange spot transaction on Bloomberg’s BMatch platform using Basisbank’s web-based services.