The FINANCIAL -- The Georgian banking sector has returned to growth on the back of recovering Georgian economy.  Bank loans grew 9% in the first five months of 2011 (adjusted for FX effect), broadly in line with a 20% increase in 2010.

The FINANCIAL -- London/Moscow-25 July 2011: Fitch ratings says in a newly-published report that the recovery of the Georgian economy has supported the stable performance of the country's banks in H111, and this trend is likely to continue in H211-2012.

The FINANCIAL -- July 22, 2011 – At a Monetary Policy Committee meeting on Wednesday the National Bank of Georgia (NBG) cut the refinancing rate 25bp to 7.75%.

The FINANCIAL -- The net profit of the Georgian Banking sector constituted 16.8 million GEL in May 2011 and net profit for the year’s first five months had already reached 98.2 million GEL.

The FINANCIAL  -- The important stage of the systemic and infrastructural reforms of the National Bank of Georgia finished by implementation of New Portfolio Management System.

The FINANCIAL -- Bank of Georgia , one of the leading banks in Georgia with total net profit of 10 million GEL according to the first quarter results of 2011, has recently started offering new business loans for small and medium size businesses.

The FINANCIAL -- Tbilisi , Georgia, June 13, 2011—IFC, a member of the World Bank Group, is investing $3 million in equity in Archimedes Health Developments to help expand access to health insurance and health services in Georgia and other emerging markets in Eastern Europe and Central Asia.

The FINANCIAL -- Bank of Georgia and TBC Bank , two leading banks in Georgia, with total profit of GEL 10 million and GEL 24 million respectively according to the first quarter results of 2011, have started trying out e-commerce services in Georgia.