Banks

New Investment Instrument Goes to G&T Trader

TBILISI(BPI)_In September 2017 Galt&Taggart enabled its clients through G&T Trader platform to make investments in investment instruments attached to Bitcoin price. Starting today Galt&Taggart offers investment instruments built on Ethereum price. Taking into account the clients’ growing interest in cryptocurrency, Galt&Taggart has added two new investment instruments to G&T Trader: Ethereum Tracker One and Ethereum Tracker EUR, which are investment ...

დაწვრილებით »

Georgia’s Financial Market is at the Stage of Pawnshop Loans

TBILISI(BPI)- The National Bank of Georgia made  statements on corporate bonds issued by local companies and warned potential buyers about potential risks – in particular, the securities do not have any guarantees from the state or the National Bank, and the payment of dividends on them is completely the responsibility of the companies. Experts negatively assessed the possible impact of ...

დაწვრილებით »

Coca Cola Bottlers Georgia is Set to Enter the Financial Market

TBILISI(BPI)- Since 2018, Coca Cola Bottlers Georgia will start preparing for  entering  the financial market – the head of the company Temur Chkonia says. The businessman notes that the group is actively working on this now and will announce  the launch of security issuance in the nearest future. “Our company exists for 25 years, we have conducted  international audits more ...

დაწვრილებით »

The Rating of Lucrative Banks – BasisBank Shows the Highest Growth

TBILISI(BPI)- Among the profitable banks, BasisBank showed the highest growth in September, + 15.1% m.m. 13.4% were “Bank of Georgia” and 12.6% was “TBC Bank” profit growth indicator. As of October 1, there is a profit of 15 out of 16 banks. Q3/2017 ●01.09.2017 Lucrative million million Bank of Georgia 286.710 252 .658 ₾ TBC Bank 213. 511 190. 442 ₾ Liberty ...

დაწვრილებით »

Media Exposure for Bank Cards

TBILISI(BPI)- In the first quarter of 2017 Georgia-based commercial banks issued 9.2mln payment cards, up 11% year on year. Ratio of MasterCard accounts for 43%, VISA – 32%, Vocal – 18%, UP – 6% and Amex – 1%. In January-March 2017 Georgian payment cards recorded 37.7mln transactions worth 4bln GEL in Georgia and abroad. It should be noted that the ...

დაწვრილებით »

Get #YourCard with Gifts

TBILISI(BPI)_ Another news for Students by TBC. All students who will order the card from October 11 will receive a shirt, which design will be chosen by themselves. You can also get a new, more varied and fun set of stickers that with the card.  One more news for students: card can be ordered through T-bot and go to the branch ...

დაწვრილებით »

National Bank Lobbying Commercial Banks

TBILISI(BPI)- Several days ago National Bank of Georgia (NBG) released a special statement promulgating that corporate bonds are not insured by either Government or NBG guarantees. Therefore, NBG warns the population to show caution when purchasing bonds. Issuance of corporate bonds started in 2014 and several companies have already issued similar securities. Therefore, the field specialists stage serious criticism over ...

დაწვრილებით »

ADB Names TBC Bank as the Best Bank in Trade Financing

TBILISI(BPI)- Asian Development Bank named TBC Bank as the best partner for the third time in terms of trade financing in Georgia. The awards ceremony was held in Singapore and over 150 representatives from 17 countries attended the event. The Asian Development Bank has identified 18 best partner banks with which ADB is actively cooperating. ”The Trade Financing Program has revealed ...

დაწვრილებით »

Деревянная Кровать Мобильные

TBILISI(BPI)- The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) met on September 6, 2017 and decided to keep the refinancing rate unchanged at 7 percent. The inflation dynamics is in accord with the existing forecast. The annual inflation in August has decreased to 5.7%. According to the forecast the inflation will remain above the target until ...

დაწვრილებით »

Georgian Lari Strengthened 9,3% against the Dollar from the Beginning of the Year

TBILISI(BPI)- According to a monthly review of the National Bank of Georgia, NBG  conducted four currency auctions in June and bought a total of USD 70 million. According to the National Bank data, the real effective exchange rate of the lari depreciated 0.5 percent during the reporting period and the nominal effective exchange rate – by 0.1 percent.   In ...

დაწვრილებით »