Banks

TBC Bank profit rises on lending growth , while shares reaches New 1-Year Low at $1,270.00

TBC Bank Group PLC (TBCG.LN) said Thursday that fourth-quarter profit rose strongly amid loan growth, according to ...

IMF: Georgia’s economic performance remains strong, but downside risks to the outlook have increased

The FINANCIAL -- IMF Executive Board Completes the Third Review of the Extended Arrangement under the Extended Fund Facility for Georgia. The authorities’ reform program supported by the Extended ...

BSTDB: New Vice President Operations assumes duties

The FINANCIAL -- 17 December 2018- Following a proposal by the Government of the Republic of Bulgaria, the BSTDB Board of Directors appointed Mr. Ivaylo Moskovski as Vice President Operations of the ...

Commodities Fell on Rising Crude Oil Supply Expectations

The FINANCIAL -- The Bloomberg Commodity Index Total Return decreased for the month, with 10 out of 22 constituents posting ...

Winners of Business Awards 2018 Announced

The FINANCIAL -- The Business Awards by TBC Bank provide support for the development of business society in Georgia, as well as promoting the popularization of business. These most comprehensive ...

NIB Finances Safety Systems in Finnish Nuclear Power Plant Units

The FINANCIAL -- NIB and the Finnish energy company Teollisuuden Voima Oyj have signed a loan agreement of EUR 65 million financing safety system upgrades in two existing nuclear power plant units in ...

NIB Co-Financing Hydropower Projects in Norway

The FINANCIAL -- NIB and the Norwegian energy group E-CO Energi Holding AS have signed a long-term loan agreement of NOK 1.8 billion (EUR 185 million) to finance the construction of three new ...

Khazaradze Leaves TBC Bank Supervisory Board Due to Pressure From NBG

Joint Statement of TBC Bank and NBG Over the last few days, we have had detailed discussions around events concerning TBC Bank. Regarding this, we would like to announce the following: Announcement ...

Danske Bank pulls out of Russia, Baltics after money-laundering backlash

Danske is under investigation in Denmark, Estonia, Britain and the United States over some 200 billion euros ($226 billion) in payments from Russia, ex-Soviet states and elsewhere that were found to ...

UPDATED: TBC Bank’s statement

The FINANCIAL -- “TBC Bank has received a letter from the National Bank. Based on this letter, the chairman, as well as vice-chairman of the supervisory board are required to leave the board within ...

UPDATED: NBG Ordered TBC Shareholders to Remove the Chairman of the Supervisory Board

The FINANCIAL -- National bank of Georgia has ordered TBC shareholders to remove the Chairman of the Supervisory Board, Mamuka Khazaradze and his deputy Badri Japaridze from the Supervisory Board. ...

The bank that likes to say ‘yes’

The FINANCIAL -- The ‘Bank of Mum and Dad’ is now the UK’s sixth largest lender helping people to get on the housing ladder. However, research by LSE London for the Family Building Society ...

BSTDB allocating EUR 50 million to support small and medium business in Turkey

The FINANCIAL -- The Black Sea Trade and Development Bank (BSTDB) will provide EUR 50 million long-term loan to the Development and Investment Bank of Turkey (TKYB- Turkiye Kalkınma ve Yatırım ...

European Commission allocating 233 million EUR to Anaklia Project co-owned by TBC Holding

European Commission said it's allocating 233 million EUR to finance the second phase of the deepwater port of Anaklia, project owned by a consortium of TBC Holding. In addition, European Commission ...

EFSE and Bank of Georgia Group expand financing for MSEs

The FINANCIAL -- The European Fund for Southeast Europe (EFSE) has provided a senior loan of USD 10 million to the Bank of Georgia Group PLC (Bank of Georgia Group, or the Group) for on-lending to ...

Statement of Banking Association of Georgia on Situation around TBC Bank

Distinguished by a high level of stability the Georgian banking sector presents a guarantee for the economic development of the country. A high level of financial transparency, regular positive ...

Eliminating Shadow Economy: Why Is Blockchain Unprofitable for Bureaucrats?

Private money emerged a long time ago and was quite a common thing. But despite this, a monopoly on the emission of such money was established only in the 19th century. At the time when only metal ...

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