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Merger of TBC Bank and Bank Republic to Finish Later in April

Merger of TBC Bank and Bank Republic to Finish Later in April

TBC Bank informs clients of Bank Republic on the following changes. Branch of Bank Republic, locating in Pekini str.28 will be abolished from April 3 and customers should be served by Bank Republic’s operators at TBC’s service centre in Pekini str.5A. The management expects to finish the merger late April …

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Bank of Georgia Records Highest ROE

Bank of Georgia Records Highest ROE

Bank of Georgia has recorded the highest return on equity (ROE). Cartu bank emerged as an only organization among commercial banks with major supervisory capital that worsened Return on Equity. Currently, Cartu Bank has negative balance on ROE.     GEL % 1 TBC Bank 1.455.000 15.05 2 Bank of …

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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 …

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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

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Nikoloz Kurdiani Appointed as the General Direct of Bank Republic

Nikoloz Kurdiani is Appointed as the General Direct of Bank Republic

Nikoloz Kurdiani will manage Bank Republic in the integration process with TBC Bank. Kurdiani has been appointed as General Director for one-year term from November 1. Vano Baliashvili, who has been occupying the position for several days, has moved to the position of Operating Director. Ramaz Kukuladze officially left the …

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TBC Bank Announces about Completion of Deal over Bank Republic

TBC Bank Announces about Completion of Deal over Bank Republic

TBC Bank has become owner of 100% stake in Bank Republic. The transaction ended yesterday, on October 20, under which, Scoeiete Generale and European Bank for Reconstruction and Development (EBRD) sold 100% stake of Bank Republic to TBC Bank. The deal value has been paid and shares will be registered at …

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Deposits Placed in the Banking Sector are Reduced by 235 Mln

Deposits Placed in the Banking Sector are Reduced by 235 Mln

The volume of deposits is diminished to the banking sector. As of September 1, the deposit volume totals to 14, 6 billion GEL (-1,6% m-o-m) at the expense of demand deposit decline. Term deposits are grown by 5.2 million GEL, demand deposits are reduced by 240 million GEL. According to NBG, larization …

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Deposits Yield Drops to Historical Bottom

Deposits Yield Drops to Historical Bottom

Deposits yield has dropped to historical minimum. The interest rate has even zeroed on currency demand deposit. Liberty Bank provides highest yield on GEL- and USD-denominated deposits with 1-year maturity period.     GEL USD-EUR 1 Liberty Bank 10,5% 4%●1,5% 2 Bank Republic 9,5% 3,5%●1% 3 Bank of Georgia 8,0% …

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Societe Generale Offered Position for Georgian Banker Ramaz Kukuladze

Ramaz Kukuladze, general director of “Bank Republic” remains in the French group. The Top Manager took offer from Societe Generale, it is unprecedented case in the history of the banking group, which is represented in 5 continents. The banker manages “Bank Republic” from 2011 and the strategic goal of the …

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