GeoBanks

In June 2015, the Banking Sector Finished With a Net Profit of 57.4 Million GEL

The FINANCIAL -- As of July 1 2015, the banking sector in Georgia is represented by 19 commercial banks, including 16 foreign-controlled banks and two branches of non-resident banks. Compared to the previous month, the total assets of Georgian commercial banks increased (in current prices) by 63.3 million GEL (or by 0.3 percent) and constituted 23.4 billion GEL. However, as a result of operations ...

Operating Income of BG Capital Increased by 37% in 2013

The FINANCIAL -- The operating income of BG Capital increased by 37% in 2013 and amounted to GEL ...

Liberty Bank: Ubiquity Taken to the Next Level

The FINANCIAL -- Net Interest Income of Liberty Bank increased by 11.1% y-o-y to GEL 60.6 million in ...

Electronic signature system - innovation in banking

The FINANCIAL -- Thanks to an initiative by the National Bank of Georgia, a new service is now available in the Georgian banking system: the electronic signature. ...

Banks’ Credit Portfolio in Georgia Will Exceed GEL 12 Billion in 2013, Zurab Gvasalia

The FINANCIAL -- The Georgian banking sector will become more active within the framework of economic recovery and the credit portfolio will exceed at least GEL 12 billion, believes Zurab Gvasalia, ...

VTB24: “Georgia Is Our Heaven Market in Terms of Regulation”

The FINANCIAL -- In all of the CIS, Georgia is one of the most rational countries in terms of its banking regulations, Ekaterina Petelina, Deputy President and Chairman of the Management Board of ...

VTB Bank performed the highest growth at the market by the volume of credits to physical persons

The FINANCIAL -- In 2013, VTB Bank increased the volume of credits to physical persons by 43.6%. Mentioned growth index is the highest at the market. The total amount of credits issued during ...

Ministry Of Finance Of Georgia Treasury Bill Auction Results

The FINANCIAL -- On July 29, 2015, securities in the amount of GEL 30 000 000 with a maturity of 336-days were sold at the Ministry of Finance Treasury Bill ...

VTB Bank (Georgia) has revealed winners of the cardholders’ promotional campaign

The FINANCIAL -- On July 28, winners of the VTB Bank (Georgia) cardholders’ promotional campaign were revealed at the hotel Radisson. Grand prix was awarded to Nino Gelashvili and Salome ...

Current Tendencies Of Bank Deposits

The FINANCIAL -- The total volume of non-bank deposits in the country's banking sector decreased by 1.2 percent (exchange rate effect excluded volume of deposits increased by 0.6 percent), or by ...

Current Condition Of Commercial Banks’ Assets

Convenient new service in ProCredit Bank’s 24/7 Zones

The FINANCIAL -- ProCredit Bank has recently added convenient new drop-boxes to its 24/7 Zones. The boxes enable our clients to deposit money into their current accounts quickly and safely, and the ...

VTB Bank (Georgia) offers its clients Savings’ Card

The FINANCIAL -- The new VTB Bank (Georgia) Savings’ Card is the best tool for easy saving and free disposal of your savings. The Savings’ Card has two distinctive features – on one hand it is ...

Bank of Georgia Launches VEGA Startup Lab

The FINANCIAL -- With GEL 200,000 Bank of Georgia has launched a startup business investment project - VEGA Startup Lab. Applicants with creative business ideas who are selected for the project will ...

Bank of Georgia University Starts Admission Process for its MBA Programme

The FINANCIAL -- The recently-established Bank of Georgia University has announced the start of its admission process for graduate students to its MBA ...

NBG: External Shocks Remain a Significant Risk

The FINANCIAL -- Increasing activity on the lending market is predicted to be one of the main challenges for the Georgian banking sector this year. ...

TBC Bank – Best Bank of Georgia 2014 by Global Finance

The FINANCIAL -- “Our market share in total assets and total loans stood at 25.3% and 27.2% respectively,” Vakhtang Butskhrikidze, Chief Executive Officer of TBC Bank, told The ...

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