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Fitch Affirms 4 Georgian Banks, Revises Outlook on TBC and BOG to Positive

Fitch Ratings has revised the Outlooks on Bank of Georgia’s (BoG) and TBC Bank’s (TBC) Long-Term Issuer Default Ratings (IDRs) to Positive from Stable and affirmed the IDRs at ‘BB-‘. Fitch has affirmed Liberty Bank’s (LB) Long-Term IDR at ‘B+’ with a Stable Outlook and ProCredit Bank’s Georgia (PCBG) Long-Term …

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The Devaluation Revealed the Strongest Economy of Georgia

The Devaluation Revealed the Strongest Economy of Georgia

The Bank of Georgia (BOG) is forecasting high economic growth in Georgia, achieving 4% in current year, while in 2017-2018, it is predicted to be 8% growth in Georgia’s economy. As the Chairman of the Supervisory Board Irakli Gilauri stated at the business meeting held with Bidzina Ivanishvili, there are two main factors that will contribute to the economic …

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Security – Leading Bank’s Vulnerable Chain

Security Leading Bank’s Vulnerable Chain

Bank of Georgia Keeps Silent on Theft of Millions of GEL, Bank Shares Keep Depreciating on London Stock Exchange Bank of Georgia has been robbed. According to the bank’s official statement, the criminal case took place on October 24. According to media agencies, felons have stolen 10 million GEL from …

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Georgia Healthcare Group Seeks LSE listing

London Stock Exchange

A Georgia-based medical insurance and hospital provider is seeking a London stock market listing that would value the company at about £260m — as more overseas medical companies choose to raise capital in Britain. GHG is the single largest scale healthcare services and medical insurance provider operating in the fast-growing, …

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Murtaz Kikoria Appointed as CEO of BoG

Murtaz Kikoria-BoG

Murtaz Kikoria has been nominated as the new Chief Executive Officer of Bank of Georgia. Kikoria will take over Irakli Gilauri’s former position, while Gilauri will become a board member of the Bank. Prior to this nomination, Kikoria occupied the post of a Deputy Executive Officer since December 2014. Prior …

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