GeoBanks- Page 39

The FINACIAL -- On July 5 2008 TBC Bank held awarding ceremony of the literary award Saba for the 6th time already. The event, which took place at the TBC Bank’s Maarjanishvili Branch, revealed the authors of the best works of the

The FINANCIAL -- In recent years many economists have recognized that price growth on real estate can be a significant barrier to investment in many developing countries. In most societies, rich or poor, a significant fraction of the total wealth are not

The FINANCIAL -- TBC Bank has opened its first branch in Shida Kartli, 46th one in Georgia. The Gori branch, launched on June 13, will serve the local population, organizations and companies in Shida Kartli.

The FINANCIAL -- TBC Credit non-bank credit institution (ex SOA Credit) is starting introducing new products, Fineko/abc.az. reports. TBC Credit Deputy General Director Ajdar Aliyev said at present the organization is examining the possibility of issuing credit cards.

The FINANCIAL -- The EBRD will hand out half million Euro for Basis Bank’s institutional changes. The EBRD acquired a 15 percent-stake in Basis Bank, a privately-owned Georgian bank through subscription to new shares.

The FINANCIAL  -- Bank Republic is rapidly expanding its operations in retail banking direction. Dream Card, EURO 2008, and French Fun Club were presented by BR last week. New credit card with GEL 5000 limit has 55-day grace period with 0% interest,

The FINANCIAL -- 120 people from various commercial banks in Georgia have already taken part in trainings by The Georgian Banking Training Centre (GBTC) in cooperation with the Hellenic Bank Association GBTC training. The trainings offer dynamic, innovative and flexible programs.

The FINANCIAL -- Sources close to one of the leading Georgian banks, told The FINANICAL, that Bank of Georgia has faced liquidity problems, which is the reason they’ve set limits on mortgage loan issues.

The FINANCIAL -- TBC Bank, one of the leading local banks, claims to be pioneering the Mobile Banking service in Georgia. This term is also known as M-Banking, SMS Banking, and is used for performing balance checks, account transactions and payments via