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Current Condition Of Commercial Banks’ Loan Portfolio

The volume of lending by commercial banks (including loans to non-residents) in August 2016 decreased by 185.6 million GEL or by 1.1 percent compared to the previous month and constituted 16.4 billion GEL by September 1, 2016 (exchange rate effect excluded it increased by 0.1 percent). The volume of loans …

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Current Condition Of Commercial Banks’ Loan Portfolio

The volume of lending by commercial banks (including loans to non-residents) in May 2016 decreased by 274.0 million GEL or by 1.8 percent compared to the previous month and constituted 15.2 billion GEL by June 1, 2016. The volume of loans in the national currency increased by 10.3 million GEL …

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Societe Generale Charged, As UK Begins First Euribor Rigging Case

Six bankers were formally charged in a British court on Monday with conspiring to manipulate Euribor benchmark interest rates, while another five accused in the case did not appear for the hearing. The case involving 11 former Deutsche Bank (DBKGn.DE), Barclays (BARC.L) and Societe Generale (SOGN.PA) employees is Britain’s fourth …

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Commercial Banks’ Profits Hit All-Time Maximum in 2015

Commercial Banks

GEL Exchange Rate Volatility Has Also Fueled a Growth in Profits of Commercial Banks, Besides the Development. At the end of 2015 the sector’s net profits will exceed 0.5 billion GEL to hit a historical maximum. An analysis of financial indicators of commercial banks shows the GEL exchange rate volatility …

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Microfinance Organizations – Heavy Burden on Economy (Infographics)

The last years have recorded an impressive leap in the microfinance sector development. The sector has nearly doubled its profits in the first half of 2015. Does this upturn signify a growth in the real economy financing expressed in new enterprises and new job places? Microfinance organizations issue loans to …

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NBG: Bank Deposits in Georgia

Latest trends show the number and sum of deposits made in Georgian banks is growing. Specifically, figures released by the National Bank of Georgia (NBG) showed the total sum of non-bank deposits and demand deposits were on the rise in Georgia while term deposits were decreasing. NBG noted the total …

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