Banks

The FINANCIAL-- ProCredit Bank Georgia has introduced a new service, called Direct Banking, intended for private individuals wishing to access banking services using digital sources. Customers are now able to remotely manage their own accounts, pay monthly fixed tariffs by carrying out desired bank transactions for free, and benefit from exclusive conditions such as loan products, mortgage loans, ...

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The FINANCIAL -- The European Central Bank’s (ECB’s) audited financial statements for 2017 show that the net profit increased by €82 million, to €1,275 million, mainly as a result of higher ...

The FINANCIAL -- In January 2018, the volume of money transfers from abroad constituted 110.0 million USD (280.3 million GEL), which is 31.1 percent (26.1 million USD) more than the amount in January ...

The FINANCIAL -- The EBRD is providing a €6 million loan to PeopleCert, a Greek company active in the global certification market. The funds will be used to finance the expansion of the company’s ...

The FINANCIAL -- In continuation of the board refreshment process begun in 2017, Wells Fargo & Company announced on March 1 that John S. Chen, Lloyd H. Dean, and Enrique Hernandez, Jr., currently ...

The FINANCIAL -- The volume of lending by commercial banks (including loans to non-residents) in January 2018 increased by 103.0 million GEL or by 0.5 percent compared to the previous month (exchange ...

The FINANCIAL -- The total volume of non-bank deposits in the country's banking sector decreased by 3.2 percent (exchange rate effect excluded volume of deposits decreased by 0.8 percent), or by ...