The total financial loan portfolio increased by 19.1% YoY in August 2018, excluding FX effect. From the segments perspective, retail, SME and company loans increased by 19.1%, 20.8% and 18.1% YoY, respectively. Growth of retail loans was mostly driven by mortgages, which went up by 34.7% YoY, while non-mortgage loan growth...
National Bank of Georgia (NBG) and China Banking and Insurance Regulatory Commission have signed a memorandum on cooperation. The memorandum was signed by NBG second in command Murtaz Kikoria and Zhu Shumin, vice chairman of China Banking and Insurance Regulatory Commission. Under the memorandum, the partiers have consented to ensure information...
We don't administer the exchange rate. We control inflation rate, Koba Gvenetadze, president of your National Bank of Georgia (NBG) noted regarding the recent depreciation of GEL exchange rate. The mission of NBG is always to stop the national currency inflation growth and that institution successfully fulfills this mission, Gvenetadze...
In July 2018, the volume of money transfers from abroad constituted 144.2 million USD (352.9 million GEL), which can be 19.3 % (23.3 million USD) over the amount of money in July 2017. 92.8 percent from the total money transfers from abroad got their start in 16 largest donor countries,...
Pasha Bank’s ROE and ROA have declined to a few.76% and 1.45%, respectively (H1/2017 -4.77%; 1.91%?). As reported, National Bank of Georgia (NBG) has got new regulations C additional buffers in capital (concentration and counter-cycle buffers) and the capital coefficient spent my youth (4.5%; 6%; ?8%). As of July 1, 2018,...
Private lenders that are not registered as loan issuing bodies at National Bank of Georgia (NBG) will be banned to issue secured finance to physical bodies. Under new amendments towards the regulations for credit-information bureaus, financial organizations will not have voluntary replacement for cooperate with bureaus as well as organizations...
The National Bank of Georgia has published financial indicators on the first half (January-June) of current commercial banks operating in Georgia. As to the data, TBC Bank saw the highest profit worth of 183 million GEL?which happens to be 22% greater than the profit within the first part of 2017.?“Bank...
TBC Bank’s pretax profit rose to 239.5 million laris ($94.3 million) to your six months time ended June 30, from 191.4 million laris last year. Shares of TBC were up 2.4 percent within the London Market minutes once the opening bell. Tbilisi-based TBC's business in total loans was 38.3 % as...
Revised loan coefficients shall be specified with the next meeting of National Bank of Georgia on November 21. Under new regulations, borrowers are to have higher salaries when planning on taking loans. Monthly Net Incomes in GEL Loan Service Coefficient ?Maximum Indicator for Nonhedged Borrowers Lona Service Coefficient ?Maximum...
TBC Bank will need legal measures in relation to statements produced by businessman Zaza Okuashvili, because the mentioned statement? damage the bank's reputation, the of TBC Bank's legal department, noted. This is very sensitive issue for our bank because it is the word for divulging facts about the client's transaction....