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Current Condition Of Commercial Banks Loan Portfolio

The FINANCIAL -- The volume of lending by commercial banks (including loans to non-residents; excluding Credo Bank) in December 2017 increased by 133.7 million GEL or by 0.6 percent compared to the previous month (exchange rate effect excluded volume of lending increased by 3.5 percent) and constituted 21.7 billion GEL by January 1, ...

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Louis Dreyfus Company, ING, Societe Generale and ABN Amro complete the first agricultural commodity trade through blockchain

The FINANCIAL -- Louis Dreyfus Company (LDC), Shandong Bohi Industry Co., Ltd (Bohi), ING, Societe Generale and ABN Amro have successfully completed the first full agricultural commodity transaction ...

Ministry Of Finance Of Georgia Treasury Note Auction Results

The FINANCIAL -- January 17, 2018, GEL 25 000 000 10-year Ministry of Finance Treasury Notes were sold at the Auction held at ...

EBRD welcomes Banca Transilvania’s acquisition of Victoriabank stake

The FINANCIAL -- The EBRD has welcomed the acquisition by Romania’s Banca Transilvania of a 39.2 per cent stake in Victoriabank, a key Moldovan bank. It is the first time since 2007 that a foreign ...

Appointment within Societe Generale group Management Committee

The FINANCIAL -- Societe Generale announces the appointment within its group Management Committee of Benoit Grisoni, CEO of Boursorama, as of 1st January ...

NBG: Money Transfers In December

The FINANCIAL -- In December 2017, the volume of money transfers from abroad constituted 138.4 million USD (361.5 million GEL), which is 16.3 percent (19.4 million USD) more than the amount in ...

Banks shift priorities toward growth, digitization and innovation

The FINANCIAL -- Eighty five percent of banks cite implementation of a digital transformation program as a business priority for 2018, according to the EY Global Banking Outlook ...

Current Tendencies Of Bank Deposits

The FINANCIAL -- The total volume of non-bank deposits in the country's banking sector decreased by 0.7 percent (exchange rate effect excluded volume of deposits increased by 2.5 percent), or by ...

Current Condition Of Commercial Banks' Assets

The FINANCIAL -- As of January 1, 2018, the banking sector in Georgia is represented by 16 commercial banks, including 15 foreign-controlled ...

Crédit Agricole announces its acquisition of Natixis’ 15% stake in CACEIS

The FINANCIAL -- Crédit Agricole S.A. has finalised its acquisition of Natixis’ 15% stake in ...

Mastercard expands contactless transit solution in Latin America

The FINANCIAL -- Moving toward a world beyond cash, Mastercard is partnering with cities and other technology companies to improve overall quality of life, while helping them manage their logistics ...

Ministry Of Finance Of Georgia Treasury Note Auction Results

The FINANCIAL -- On January 24, 2018, GEL 30 000 000 5-year Ministry of Finance Treasury Notes were sold at the Auction held at ...

Results of the January 2018 euro area bank lending survey

The FINANCIAL -- According to the January 2018 bank lending survey (BLS), credit standards (i.e. banks’ internal guidelines or loan approval criteria) for loans to enterprises were unchanged in the ...

Visa names Andrew Torre Regional President for Central and Eastern Europe, Middle East and Africa Region

The FINANCIAL -- Visa Inc. has announced the appointment of Andrew Torre as Regional President for its Central and Eastern Europe, Middle East and Africa (CEMEA) region, based in ...

JPMorgan Chase To Invest $20 Bln In US Over 5 Years

The FINANCIAL -- JPMorgan Chase on January 23 announced a $20 billion, five-year comprehensive investment to help its employees, and support job and local economic growth in the United ...

Wells Fargo Middle Market Banking Expands to El Paso

The FINANCIAL -- Continuing to invest in new resources for U.S. middle market companies, Wells Fargo announced on January 22 that it has chosen El Paso as home for a new Middle Market Banking ...

Barclays announces exchange of contracts on the purchase of Northampton Pavilion Drive

The FINANCIAL -- Barclays has on January 22 completed the purchase of Northampton Pavilion Drive from the landlord, Bayernfonds Immobilienverwaltung GMBH & ...