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NBG: Money Transfers In March

The FINANCIAL -- In March 2018, the volume of money transfers from abroad constituted 131.1 million USD (320.1 million GEL), which is 17.0 percent (19.1 million USD) more than the amount in March ...

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Ministry Of Finance Of Georgia Treasury Bill Auction Results

The FINANCIAL -- On April 4, 2018, securities in the amount of GEL 40 000 000 with a maturity of 364-days were sold at the Ministry of Finance Treasury Bill ...

Four in Five North American Bank Operations Leaders Believe Their Bank’s Survival Depends on Updating Legacy Systems to Innovate Faster

The FINANCIAL -- Nearly four-fifths (79 percent) of operations leaders at North American banks believe that their bank’s existence will be threatened if they don’t update their technology to ...

NBG: Current Tendencies Of Bank Deposits

The FINANCIAL -- The total volume of non-bank deposits in the country's banking sector increased by 0.04 percent (exchange rate effect excluded volume of deposits increased by 0.5 percent), or by 7.4 ...

Mastercard Names Choon Phong Goh to Board of Directors

The FINANCIAL -- Mastercard Incorporated on April 2 announced that its board of directors has named Choon Phong Goh as an independent director, effective ...

Current Condition Of Commercial Banks Loan Portfolio

The FINANCIAL -- The volume of lending by commercial banks (including loans to non-residents) in February 2018 increased by 49.8 million GEL or by 0.2 percent compared to the previous month (exchange ...

NBG: Current Condition Of Commercial Banks' Assets

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

New Barclays UK Ventures unit to drive growth and innovation

The FINANCIAL -- Barclays UK has on April 16 established a new unit that will focus on developing new business lines, promoting innovation and driving returns within Barclays ...

Ambassador Michael Froman Joins Mastercard as Vice Chairman and President, Strategic Growth

The FINANCIAL -- Mastercard on April 16 announced that former United States Trade Representative Michael Froman will join the company as vice chairman and president, Strategic Growth, effective April ...

Marcus by Goldman Sachs Announces Acquisition of Clarity Money

The FINANCIAL -- Goldman Sachs Bank USA has completed the acquisition of Clarity Money and is delighted to welcome its over one million customers to Marcus. Clarity Money is one of the leading apps ...

American Express Will Open Eleventh Location of The CENTURION Lounge at Denver International Airport

The FINANCIAL -- On April 12, American Express announced plans to expand its signature airport lounge network, The Centurion Lounge, with the introduction of a new location at the Denver ...

Ministry Of Finance Of Georgia Treasury Note Auction Results

The FINANCIAL -- On April 11, 2018, GEL 40 000 000 2-year Ministry of Finance Treasury Notes were sold at the Auction held at ...

Ministry Of Finance Of Georgia Treasury Bill Auction Results

The FINANCIAL -- On April 11, 2018, securities in the amount of GEL 20 000 000 with a maturity of 182-days were sold at the Ministry of Finance Treasury Bill ...

RBI agrees to sell Polish subsidiary’s core banking operations to BGZ BNP

The FINANCIAL -- On April 10, Raiffeisen Bank International AG (RBI) agreed to sell the core banking operations of Raiffeisen Bank Polska S.A. by way of demerger to Bank BGZ BNP Paribas S.A., a ...

IFC has Allocated a Credit Line for BasisBank to Finance SME and International Trade

The FINANCIAL -- As a member of the World Bank Group, International Financial Corporation (IFC) has signed an agreement with Basisbank, which aims to support small and medium businesses. ...

Mastercard and Phillips 66 Drive Easier Payments with Masterpass

The FINANCIAL -- Mastercard announced that Phillips 66 will integrate Masterpass into its My Phillips 66 App later this ...

Mastercard Names Ann Cairns Vice Chairman

The FINANCIAL -- Mastercard on April 5 announced the appointment of Ann Cairns as vice chairman, effective June 1, ...