TBC Bank and Bank of Georgia Pledge to Uphold International Sanction
TBC Bank and Bank of Georgia have announced their intention to adhere to international sanctions, despite contrasting guidance from the National Bank of Georgia.
US$ 20 million EBRD Loan to TBC Bank for Women-led Enterprises
With support from the European Union (EU) and Sweden, the European Bank for Reconstruction and Development (EBRD) is unlocking fresh funds via TBC Bank for Georgian micro, small, and medium-sized enterprises (MSMEs) led by women.
First Microbank Expected to Launch in Georgia's Financial Sector by Year's End
In a promising development for the Georgian financial landscape, the Chairman of the Microfinance Association has announced that the country's first microbank is expected to emerge by the end of the year.
Silk Bank Reports Robust Financial Performance for August 2023
In August 2023, Silk Bank experienced significant growth, expanding its credit portfolio by 27% month-over-month to reach 22.2 million GEL.
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.
