Banking

Banking Sector’s Losses in January-May Amounted to 613 million GEL

Fifteen Georgia-based commercial banks ended the January-May period in losses of 613 million GEL, the financial reports published by the National Bank of Georgia (NBG) read.

TBC Launched Banking Operations in Uzbekistan Today

TBC already has its first customers in Uzbekistan. The bank started implementing banking operations today.

TBC Raised $100 Million from EBRD to Support Small and Medium Businesses

The European Bank for Reconstruction and Development (EBRD) has announced a $100 million allocation for TBC Bank.

TBC Attracts $30 million Financial Support Component from USDA

The US Department of Agriculture (USDA) has allocated 30 million USD financial support for promoting US agriculture products imports to Georgia, as part of the Exports Credit Guarantee Program.

4 Out of 15 Georgian Banks Making Loss in May

After a loss of 943 million in March, the banking sector has been making a profit for 2 months. 53 million in May and 80 million in April.

All businesses will be able to Beneffit from Credit-guarantee Scheme at Bank of Georgia

Bank of Georgia continues to support business and launches a new financial affordability program for it.

Liberty Starting Second Phase of Deferral of Loans

Liberty Bank, in order to take care of the customers and the situation in the country, offers a favorable period of loan obligations to the customers affected by the pandemic, who have reduced their income or lost their jobs.

Bank of Georgia Introduced the Chat Function to the Customers

Bank of Georgia introduced the function of chat in digital channels to create even more comfort for customers.