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Daily Archives: May 31, 2017

Commercial Bank Supervisory Board Members Banned to Occupy Executive Positions

Under amendments to the Law on Commercial Banks, members of supervisory boards of commercial banks are banned to occupy executive positions, in compliance with international practice and standards. At this stage, there are two directors in TBC Bank supervisory board: director general Vakhtang Butskhrikidze and deputy director general Giorgi Shagidze …

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The Reasons Government Fails to Regulate Financial Pyramids

Last week the damaged depositors held protest rally in front of the Parliament’s building. They accuse the Authorities of indifference to their problems. At the same time, the parliament’s group that was created to protect the depositors’ rights and work on improving the legislative gaps has made no progress in …

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TBC Bank’s Market Capitalization Grows to 893 million GBP

TBC Bank

TBC Bank’s Market Capitalization Grows to 893 million GBP. A total of 354 000 shares of TBC Bank (TBCB LI) were sold at London Stock Exchange (LSE) in previous week. The trading session week closed at the price of 16.95 GBP per share (L/m – GBP 16.25; +7.01% m.m: +5.74% …

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