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Zurab Gvasalia: Georgian National Currency is stabilisized
www.finchannel.com: Budget deficit spending is at a minimal rate. By increasing excise tax the Georgian Government filled expected losses in the budget. We also see that price hikes caused by inflation were temporary, which indicates a proper monetary and fiscal policy.
01.05. 2017.11.25

rab Gvasalia:  At   present    none of the  Georgian bank legally ownes  any non-core Assets
: "After the 2008 war and the crisis of 2008-2009, the entire sectors of the Georgian economy were on the brink of total bankruptcy, and then the National Bank made the right decision by providing commercial banks with the right to own non-core assets" , Zurab Gvasalia, President of the Association of Banks of Georgia. 
Zurab Gvasalia: The Deal between the Bank "Republic" and "Basis bank" will Promote Competition on the Market"
www.commersant.ge: "In general, the deal after its completion will contribute to the emergence of another major player on the Georgian financial market that  in turn will increase competition because,  judging by the volume of assets, the new single  bank might  become  the 3rd largest bank  in Georgia. Thus, this merger  can only be welcomed, as it will positively affect the development of the banking business in the country. Especially because we already have the experience of merging banks, "- Zurab Gvasalia, President of the Association of Banks of Georgia. 


Giorgi Tsutskiridze: "We need a new legal and institutional framework, which will be tailored to global challenges."
Commersant.ge An interview with Executive Director of the Association of Banks of Georgia GiorgiTsutskiridze 
23.03.2017. 12:50  
Giorgi Tsutskiridze: A  5 %  economic  growth  is a good  indicator
Commersant.ge An interview with Executive Director of the Association of Banks of Georgia GiorgiTsutskiridze 
17.03.2017. 12:50  
                 Also read

VIII International Congress of Appraisers Opens in Tbilisi
26.09.2009 17:43

Tbilisi – On September 30 – October 1, 2009, Association for Protection of Landowners Rights, USAID’s SME Support Project, Tbilisi City Hall, National Agency of Public Registry, and National Investment Agency of Georgia are hosting VIII International Congress of Real Property Appraisers to take place in Courtyard by Marriott Ballroom, 4 Freedom Square.

IFC Develops Corporate Governance Code with Association of Banks of Georgia
24.09.2009 18:03

Tbilisi, Georgia, september 23, 2009-IFC, a member of the World Bank Group, cooperated with the Association of Banks of Georgia and the Georgian Stock Exchange to develop a voluntary corporate governance code to help banks introduce international best practices and increase confidence in the country’s banking sector

ProCredit Bank, Georgia lowers interest rates for business loans
15.09.2009 13:07

Starting from September 1, 2009, ProCredit Bank Georgia has lowered its interest rates on business loans in US dollars and Euro, by 2% on average. In addition, other lending conditions have been simplified to make the loan products more accessible for the bank’s loan customers.

Money Transfers in July
18.08.2009 16:30

In July 2009 the volume of money transfers from abroad constituted 79.4 million USD, which is 7.5 million USD or 10.4 percent more than the same amount for previous month and 18.0 million USD or 18.5 percent less than the same figure for July 2008.

Global Employee Share Ownership Plan (GESOP) 2009
05.08.2009 17:49

Results of the 22nd capital increase reserved for employees. Once again this year, Société Générale Group gave its employees the right to purchase shares in the company at favourable terms.

EBRD provides $20 million to Bank of Georgia
27.07.2009 16:59

To improve access to medium-term funding for Georgian enterprises, the EBRD is providing $20 million to Bank of Georgia to help it meet the growing demand for credits from Georgian companies and to provide larger loans to its customers.

Basisbank Starts Reception of Applications under the State-Funded Cheap Credit Program
13.07.2009 12:35

Reception of applications will be divided into two stages: At the first stage, the deadline for reception of applications will expire on July 31, 2009. The successful projects will be revealed before August 15, 2009.

www.bestpay.ge - new project to support e-commerce in Georgia
06.07.2009 15:51

In order to popularize and support e-commerce and the merchants providing this service in Georgia, Cartu Bank launched a new project - an e-catalogue of e-shops.

ProCredit Bank Hosts Exhibition of Modern German Technologies
06.07.2009 15:20

The Embassy of the Federal Republic of Germany to Georgia, in cooperation with Tbilisi Ivane Javakhishvili State University and ProCredit Bank, is organizing an English-language Technology Exhibition: RENEWABLES MADE IN GERMANY

TBC bank assets increased by GEL 17 million in May, 2009
02.07.2009 13:54

 At 14:00, June 26, 2009, TBC Bank held a formal ceremony for the opening of a new branch in Isani, where the bank’s management presented the financial results of the first five months of this year.

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Risk Management Certification program to strengthen the Financial Sector in Georgia
13.06.2011 17:58

June 13, 2011 IFC signed a cooperation agreement with Georgian Banking Training Center to jointly implement the Risk Management Certification Program in Georgia

Certificate program of 2011 with special offer
03.03.2011 18:03

Georgian Banking Training Center, in March 2011 begins the formation of groups within the framework of European Banking Certificate Program

New Student Loan from Bank Republic and Caucasus University
02.08.2010 17:07

Bank Republic offers to the students of Caucasus University the credit with the preferential terms for financing the bachelor and master programs.   

People's Bank Plans to Issue 500 Noncontact Cards until 2010
05.11.2009 17:49

At the first stage, People's Bank will issue 2 000 VISA Classic noncontact cards, including 500 ones will be issued by the end of 2009.

ProCredit Bank Opens 59th Branch in Georgia
10.08.2009 15:46

ProCredit Bank continues to expand its branch network both in Tbilisi and in the regions.

Basisbank Offers New Future Deposit to Consumers
22.07.2009 16:28

Increasing Future Deposit is an absolutely new type of deposit on the Georgian banking market

Bank Republic celebrated the opening of new branch in the East Georgia,
06.07.2009 15:25

On June 27, 12:00, Bank Republic celebrated the opening of new branch in the East Georgia, Kvareli, 13 Rustaveli steet 

Director of Consultation Group DAI Europe has officially visited “Basisbank.”
30.06.2009 14:33

At the meeting arranged between the bank management and Bryan Nielsen there were discussed the results of the activities conducted by the consultants within past 3 months.

HSBC Opens A Second Branch In Tbilisi
22.05.2009 13:36

HSBC ’s new branch has opened on May 15 on Pekini Street. The new branch offers a full range of retail and commercial products and services to its customers.

People's bank awarded deposits' Campaign winners
03.04.2009 14:22

A total of 10 prizes (household items) and a super prize – apartment in Tbilisi in one of the most prestigious neighborhoods in Vake were raffled.

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