abg.org.ge
 

Georgian
Site Map | Contact

 

  





 

 











TOP.GE

PASHA Bank Subsidiary Started Operations in Georgia with 4-fold more Success Compared to Initial Estimations

PASHA Bank is satisfied with the first working results of its subsidiary PASHA Bank Georgia.

Chairman of Board of PASHA Bank Farid Akhundov says that initially PASHA Bank Georgia losses by July 1 were estimated to be 2 million USD but in practice in made no more than 0.5 million USD.

“It turned out that in Georgia where about 90 % of all commercial transactions go through the banks it’s much easier to offer financial intermediation services. Our subsidiary bank successfully takes this opportunity”, - Akhundov said.

In Georgia the Bank conducts also active work with securities, establishing relations with the stock exchange, studying existing and potential emitters. The potential Georgian emitters are already interested in the plans of the bank.

Recall that PASHA Bank Georgia received a license for banking activity on 17 January, opened an office in February, and started operating in April. In june the bank become a member of Association of Banks of Georgia

11.09.2013 10:57

Back | Print


Also Read
IMF Executive Director – Georgia’s economy may develop faster than planned
06.06.2017 21:23
PASHA Bank Funds Yet Another Eco Project
06.06.2017 21:20
PASHA Bank Supports Eco Project in Kondoli Village
13.04.2017 14:46
Global Finance Names TBC Bank as Best Bank in Georgia
25.03.2017 22:22
MFO Credo Turned into a Bank
22.03.2017 18:35
New member of the ABG become IBA-Georgia
10.03.2017 13:46
NBG President Sees the Solution to the Current Situation in the So-called Next Generation Reforms and Unpopular Decisions
15.05.2015 11:14
“Guidelines on Consumer Rights Protection in Banks” presentation
02.05.2015 18:20
PASHA Bank Subsidiary Started Operations in Georgia with 4-fold more Success Compared to Initial Estimations
11.09.2013 10:57
Within the Agro loan project VTB Bank has financed Kakhetian Traditional Winemaking company
06.09.2013 18:13
User
Password
   

 


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.

 1  2  3  4  5  >> >>>