Home / Tag Archives: Bank of Georgia (page 7)

Tag Archives: Bank of Georgia

Larization Decreased Banks’ Credit Portfolio

Larization Decreased Banks’ Credit Portfolio

81% of banks’ landing accounts for 5 banks. Portfolio has been declined to all banks in February, including TOP-5. However, merely demand decline is not the sole reason. The volume of loans has been corrected by -20 point converting. As known, $75 million is converted in GEL through 2 month …

Read More »

BGEO Sold Georgian Healthcare Group Shares

BGEO Group PLC said it has sold a 0.7% stake in Georgia Healthcare Group PLC for a total of USD3.7 million. BGEO sold 833,160 shares in Georgia Healthcare on Friday at a price of 360 pence per share, equivalent to USD4.45. The shares were sold to JSC ABC Pharmacia, a …

Read More »

Capitalization of Georgian Companies Amounts to 2.39 bln GBP on LSE

Price of Georgian companies’ shares was insignificantly changed on London Stock Exchange in the previous week. BGEO shares were increased in price, while TBC Bank’s –decreased and costs had been increased on GHG shares. Respectively, companies’ capitalization total to 2,397 billion GBP. shares were traded in the range of GBP …

Read More »

Bank of Georgia is Leader in Rating of Billionaire Banks

Bank of Georgia is Leader in Rating of Billionaire Banks

Ratio of billionaire commercial banks has increased to 89% as of December 1, 2016. 01.12.16 1 Bank of Georgia 9,254,088 2 TBC Bank 8,466,359 3 Bank Republic 1,842,461 4 Liberty Bank 1,644,000 5 VTB Bank 1,428,852 5 ProCredit Bank 1,322,100 5 Cartu Bank 1,249,257

Read More »

Bank of Georgia to Buy ProCredit Bank Portfolio

Bank of Georgia to Buy ProCredit Bank Portfolio

Bank of Georgia plans to buy ProCredit Bank’s portfolio of micro and small business loans. The parties have already reached agreement and payment will be fulfilled in cash. Through this deal Bank of Georgia plans to strengthen positions in segment of small and micro business. As a result of this …

Read More »

Bank of Georgia Recruited an Investment Banker of TBC Bank

Bank of Georgia Recruited an Investment Banker of TBC Bank

Investment banker Davit Tsiklauri will continue his career in “Bank of Georgia”. “Bank of Georgia” has already represented former manager of TBC Bank to the investors. David Tsiklauri will be appointed to the position of Deputy CEO at the Bank, and will lead the Bank’s Corporate Investment Banking Department (“CIB”). …

Read More »

Significant Changes Take Place in the Structure of BGEO

Significant Changes Take Place in the Structure of BGEO

BGEO Group PLC (the “Group” or “BGEO”), announces a key Group management appointment and key management appointments and a refreshed business unit structure at JSC Bank of Georgia (“BoG” or the “Bank”). Archil Gachechiladze will be appointed CEO of Georgia Global Utilities (“GGU”), the utilities and energy business of the …

Read More »

10 Reasons You Need to Go To Georgia

Today, with discount flights and highly developed tourism all around the world, it can feel like there are no new places to go. But sometimes, historical shifts can open up completely new horizons. Georgia, located on the crossroads of Asia and Eastern Europe, is one of the still relatively unknown …

Read More »

McDonald’s Introduced an Innovative Booth for Orders in Georgia

McDonald's Introduced an Innovative Booth for Orders in Georgia

McDonald’s introduced an innovative booth for orders in Georgia jointly with company VISA and Bank of Georgia, which official presentation has been held on November 11, in Digomi Restaurant. McDonald’s Georgia is named as the company with the best service in Georgia for several times. However the company offers more …

Read More »