GeoBanks- Page 40

The FINANCIAL -- According to Association of Banks of Georgia (ABG), number of plastic cards in Georgia has exceeded 2.4 million. “This indicator confirms that the growth is 1.9 times that of the same period in 2008. 91.1% comes on debt cards,

The FINANCIAL  -- BasisBank counts 15 years of history. It was set up in the period when a rather complex business environment existed in the country. However, by its own efforts, it managed to build up as a stably growing financial institution

The FINANCIAL -- The FINANCIAL interviewed Giorgi Goguadze, People’s Bank’s General Director, regarding the company’s further development plans in the local market in parallel to tightened competition by the appearance of both new international and local players in the field.

The FINANCIAL -- TBC Bank managed to attract USD 100 million with the assistance of International Financial Organization Merrill Lynch and funds were raised on the basis of private placement from Western Capital Markets.