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Georgian Banking Sector will Grow, FitchRatings
 Fitch: Future Georgian Banking Sector Development Should be Less High-risk than Pre-Crisis Growth

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Fitch Upgrades IDRs of Bank of Georgia and Basisbank, Individual Rating of VTB Georgia
The FINANCIAL -- Fitch ratings has upgraded the Long-term Issuer Default Ratings (IDRs) of two Georgian banks and affirmed three others.
12.08.10. 14:15 
The Most Popular Offers by Leading Banks 
 
The FINANCIAL -- Loans and especially mortgage loans are among the hottest and most demanded offers at the leading banks in Georgia: Bank Republic, TBC Bank , Bank of Georgia and VTB Bank.
02.08.10. 17:25 
15,000 American Express Cards Sold in Georgia

The FINANCIAL -- Bank of Georgia, one of the leading banks in Georgia, has issued a new series American Express Blue Credit Card that provides a number of benefits and services, as well as several core benefits associated with the American Express brand and products around the world.
 29.07.10. 15:05  

Main Trends of Commercial Banks’ Activities As of July 1, 2010
As of July 1, 2010, the banking sector in Georgia is represented by 19 commercial banks, including 13 foreign-controlled banks and 2 branches of non-resident banks. Current statistical information is published on the statistics page of the NBG's website. 
13.07.2010. 14:24     
                                                      Also read


ProCredit Bank Announces Changes in its Management Team
06.09.2010 18:14
 At the Radisson BLU Iveria Hotel, ProCredit Bank, Georgia announced changes in its management team. Ms. Maya Meredova, Director of the bank since 2007, will replace Mr. Philipp Pott, who has served as General Director for the past four years.
 
EBRD has named Basisbank as one of the most active TFP program participant.
30.07.2010 13:38

In 2008 EBRD has enhanced its successful relationship with Basis Bank by acquiring 15% equity stake in the Bank in order to contribute in the further development and institutional building. 

Meeting with Economic Experts
22.07.2010 12:25

By the initiative of the National Bank of Georgia a meeting between the National Bank authorities and economic experts was held in Tbilisi Marriott in 20 July.

Deputy Prime Minister of Ukraine Sergiy Tigipko met the President of the National Bank of Georgia Giorgi Kadagidze
20.07.2010 09:34

Sergiy Tigipko Deputy Prime Minister of Ukraine  met the President of the National Bank of Georgia, Giorgi Kadagidze while visiting Georgia. The guest was introduced to new reforms implemented in the National bank of Georgia and new instruments offered to banking sector.

Bank Republic Donates Blood and Equipment for the Children Suffering from Leukemia
13.07.2010 13:12

Campaign has started at Iashvili Children Hospital (Lubliana street 2/6, Digomi). This is the part of most critical assistance programs implemented by BR. Bank management said  the most important is to care for, help and save the lives of the children.

Bank of Georgia opens an account with Euroclear Bank
15.06.2010 14:35

Bank of Georgia said it has set up a direct account with Euroclear Bank, the international central securities depository of the Euroclear group and the leading clearance and settlement system for internationally traded securities.

VTB Bank Georgia Offering Hypo Loans With New Terms
15.06.2010 14:32

VTB Bank Georgia, one of the leading banks on local market has started offering mortgage loans with lowered interest rates.

TBC Kredit's loan portfolio increases by 10 percent
15.06.2010 14:30

 As of June 1, 2010, the loan portfolio of the Azerbaijani non-bank credit organization TBC Kredit increased by 10 percent compared to the early 2010 and by $0.5 million compared to the data of the previous month, the company said.

Wide Spectrum of Offers from New OneCard VISA Infinite
28.05.2010 18:13

The FINANCIAL -- Bank of Georgia , one of the leading banks in Georgia starts issuing OneCard Visa Infinite cards exclusively for its Wealth Management clients.

TBC Bank Q1 Profits Rises to $2.5 mln, Opens New Branch
28.05.2010 18:10

The FINANCIAL -- TBC Bank one of the largest banks in Georgia opened one more branch at Tbilisi Central, biggest trade center in Tbilisi , last week.

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New Student Loan from Bank Republic and Caucasus University
02.08.2010 17:07

Bank Republic offers to the students of Caucasus University the credit with the preferential terms for financing the bachelor and master programs.   

People's Bank Plans to Issue 500 Noncontact Cards until 2010
05.11.2009 17:49

At the first stage, People's Bank will issue 2 000 VISA Classic noncontact cards, including 500 ones will be issued by the end of 2009.

ProCredit Bank Opens 59th Branch in Georgia
10.08.2009 15:46

ProCredit Bank continues to expand its branch network both in Tbilisi and in the regions.

Basisbank Offers New Future Deposit to Consumers
22.07.2009 16:28

Increasing Future Deposit is an absolutely new type of deposit on the Georgian banking market

Bank Republic celebrated the opening of new branch in the East Georgia,
06.07.2009 15:25

On June 27, 12:00, Bank Republic celebrated the opening of new branch in the East Georgia, Kvareli, 13 Rustaveli steet 

Director of Consultation Group DAI Europe has officially visited “Basisbank.”
30.06.2009 14:33

At the meeting arranged between the bank management and Bryan Nielsen there were discussed the results of the activities conducted by the consultants within past 3 months.

HSBC Opens A Second Branch In Tbilisi
22.05.2009 13:36

HSBC ’s new branch has opened on May 15 on Pekini Street. The new branch offers a full range of retail and commercial products and services to its customers.

People's bank awarded deposits' Campaign winners
03.04.2009 14:22

A total of 10 prizes (household items) and a super prize – apartment in Tbilisi in one of the most prestigious neighborhoods in Vake were raffled.

BR opened 45th new branch under its usual extension format.
02.03.2009 10:12

On February 20, Bank Republic celebrated the opening of new branch at 37 Vakhtang Gorgasali street, Ortachala, Tbilisi. Bank Republic, Societe Generale Group, pursues its extension goals and opens the new branch each month.

ProCredit Bank Opening a Branch in Borjomi
27.01.2009 15:11
ProCredit Bank continues to expand the branch network both in Tbilisi and the regions of Georgia. On December 26, the bank opened its first branch in the city of Borjomi.
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