The FINANCIAL - Banks

The FINANCIAL -- “The human costs of the Coronavirus pandemic are already immeasurable and all countries need to work together to protect people and limit the economic damage. This is a moment for solidarity—which was a major theme of the meeting today of the G20 Finance Ministers and Central Bank Governors", International Monetary Fund Managing Director Kristalina Georgieva said during the ...

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Tbilisi, 25 September 2019 - Today, the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, signed a Commitment Letter to provide USD 15 mln in ...

The FINANCIAL -- Following an initiative of TBC Bank, a presentation of its macroeconomic review was held at Holiday Inn. The presentation was led by TBC Bank's Chief Economist Otar Nadaraia, who ...

The FINANCIAL -- The federal bank regulatory agencies today released a statement encouraging banks to use the Federal Reserve's "discount window" so that they can continue supporting households and ...

Number of tourists went up by 4.0% YoY in February, following a strongperformance in previous month (+18.9% YoY) according to TBC Research. Number of international visitors went down slightly by 0.6% ...

The FINANCIAL -- Credit card and electronic payments giant Mastercard – announced that Ajay Banga, President and Chief Executive Officer, will transition to the role of Executive Chairman and ...

The FINANCIAL -- HSBC announced it will cut 35,000 jobs over three years as part of a major shake-up after revealing that annual profits plunged 33%. The strategy overhaul comes as economic growth ...

Following the news that foreign direct investment (FDI) inflows to Saudi Arabia grew 10.2% year-on-year (y-o-y) to reach $3.5bn in the first nine months of 2019 compared with January-September 2018, ...

Having been a household name for the past two decades, Nikora has become quite a player on the Georgian market. Looking for expansion, JSC Nikora, a holding company of the Nikora Group, has decided ...