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Banking

TBC Bank Wins \”Best Bank in Georgia 2016\”

Award from Euromoney Magazine TBC Bank was named the \”Best Bank in Georgia 2016\” by Euromoney Magazine to the fifth amount of time in yesteryear six years, having also won the award last year, 2012, 2014, and 2015.

The editorial team commented that TBC Bank earned this year\’s country award in recognition of superior profitability and …

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Banking

Push-Notifications

Along with information technologies, organizations are developing service supply technologies at high paces.

As an end result, all of us receives many notifications via cellphones, social media or emails about new offers and merchandise C some individuals locate them interesting or vitally important, but other are irritated. On this madly developing world, your bank will guide …

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Banking

VTB Bank Advances in Rating of Billionaire Banks

VTB Bank has? gone to the 4th position during the rating of billionaire commercial banks and surpassed Cartu Bank after Bank Republic.

The bank’s assets inside the second quarter rose by 2.8%. The loans portfolio increased by 5.7% quarter on quarter.

In the first half 2016 VTB Bank’s profits created 9 million GEL, up 2.6 times quarter …

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Banking

June Records Rise in Bank Sector's Profits

Fifteen commercial banks of 19 ones ended the very first half of 2016 altogether profits of 309 million GEL.

In June the sector’s profits rose by 38 million GEL.

Four commercial banks ended the reporting period in losses (TerraBank, Bank of Caucasus, Silkroad, Progress Bank). Total losses marked 18.7 million GEL. The sector’s losses rose by 2 …

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Banking

Koba Gvenetadze: GEL Excessively Strengthened in Spring

GEL/USD rate is the main topics an interview, publication \”Rezonansi\” has spoken with obama of National Bank of Georgia.?

President of NBG considered three priorities of your Regulatory in the extensive interview –? tight communication while using the media, decrease in dollarization and protection of consumer rights. ?Gvenetadze declares, the key condition in Georgian finance …

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Banking

Basis Bank Announced in regards to the Successful finished of Q2

Basis Bank announced concerning the successful finished of Q2.

According for the bank, post tax profit of your bank made up 12.8 million GEL. Basis Bank has advanced during the banking sector written by this index and ranks around the 5th position.?Return on Assets (ROA) has made up 3.5% and also the bank occupies First place …

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Banking

De-dollarization would be the Only Way to Increase Confidence within the National Currency, Says PM

I trust Koba Gventadze\’s statement that de-dollarization could be the only technique to improve confidence while in the Georgian lari, – Pm Giorgi Kvirikashvili said while commenting on NBG President Koba Gventadze\’s statement as outlined by which, people should get accustomed to living without having the dollar.?

“I absolutely are in agreement with Koba Gventadze\’s statement, …

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Banking

The National Bank Of Georgia Continues Sharing Its Experience On Prudential Supervision

Within the frames from the regional capacity development program, the International Monetary Fund Technical Assistance Center for East Africa (IMF East AFRITAC) arranged a professional visit to your representatives with the Bank of Uganda to the National Bank of Georgia (the NBG). Within the visit, the NBG shared its analytical framework and experience on macroprudential …