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Tag Archives: Giorgi Shagidze

TBC Bank’s Financial Director Explains GEL Depreciation Reasons

TBC Bank’s financial director Giorgi Shagidze says that the recent volatility of GEL is related to deprecation of RUB and TUR in neighboring countries. “GEL is a free currency and naturally, developments in our trade partner countries influence it. We saw that last week Turkish Lira considerably depreciated” Shagidze said …

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Directors of TBC Bank Sold Shares on the LSE

Directors of TBC Bank Sold Shares on the LSE

Directors of TBC Bank have traded 7500 shares on the London Stock Exchange. Paata Gadzadze sold per share at 16.35 GBP. Total volume of the shares amounts to 3 000 (49,050 GBP), while Giorgi Shagidze alienated per share at 16.254 GBP, toting up 4 500 shares (73,143 GBP). TBC Bank …

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Commercial Bank Supervisory Board Members Banned to Occupy Executive Positions

Under amendments to the Law on Commercial Banks, members of supervisory boards of commercial banks are banned to occupy executive positions, in compliance with international practice and standards. At this stage, there are two directors in TBC Bank supervisory board: director general Vakhtang Butskhrikidze and deputy director general Giorgi Shagidze …

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