IFC, a member of the World Bank Group, will provide a $10 million trade finance guarantee to help Georgia’s TBC Bank finance foreign trade transactions of local companies, boosting trade in Georgia

The Ambassador of United States Mr. John Bass, the Vice-President of Montran – Charles Walsh, the senior advisor of Bloomberg in CIS and Georgia – John Pang, the advisor of National Bank from US Treasury David Culppeper, the representatives of banking association and commercial banks attended the presentation.

The FINANCIAL -- TBC Bank , one of the leading banks in Georgia, will have a 20% increase in its corporate clients credit portfolio in 2010 according to Vakhtang Butskhrikidze, General Director of TBC Bank .

In the head office of JSC Basisbank, Basisbank and United States Agency for International Development (USAID) signed a cooperation agreement..

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. 

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.

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.

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 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.