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Tag Archives: Capital

Minimum Capital Requirement is Increased up to 50 mln for the Banks

Minimum Capital Requirement is Increased up to 50 mln for the Banks

Mandatory minimum of capital requirement is increased for the commercial banks. According to Koba Gvenetadze, president of National Bank of Georgia, capital requirements have not been changed for the commercial banks after 2006 and today the increase is conditioned due to the  the general practice, but it does not mean …

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Basis Bank Announced about the Successful finished of Q2

Basis Bank Announced about the Successful finished of Q2

Basis Bank announced about the successful finished of Q2. According to the bank, net profit of the bank has made up 12.8 million GEL. Basis Bank has advanced in the banking sector by this index and ranks on the 5th position. Return on Assets (ROA) has made up 3.5% and the …

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A 33-storey Luxury Residential High-rise to be Built in the Capital

A 33-storey Luxury Residential High-rise to be Built in the Capital

The construction of  a 33-storey luxury residential high-rise  Didube  Tower,  which pretends  to be one of the highest in the capital , is underway on Tsereteli Avenue of the Georgian capital. A representative of  the project implementing company Royal Group says  that the quality of construction meets high standards. According to him, …

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