The governor of the National Bank of Georgia has to tailor his maintenance of local financial stability to a banking sector with high levels of foreign ownership and aspirations to expand across the Caucasus region and beyond.
Central & eastern Europe
Latest articles from Georgia
Mixed blessings of foreign ownership for Black Sea banks
May 1, 2012Levels of foreign ownership vary widely among the banks of the eastern Black Sea countries. While foreign-owned banks went too far, too fast before the crisis, they may be more resilient than locally owned players in a downturn.
Resilient Georgia set to emerge in sound economic health
June 30, 2011Georgian banks suffered in the global financial crisis, but with low banking penetration accompanied by conservative and prudent financial regulation, they appear to be on sure footing to growing profitability.
Investors wowed by Georgian bond issue
June 2, 2008Edward Russell-Walling reports on how Georgia’s first ever issue on the international bond market was a resounding success.
Careful groundwork reaps IPO success
May 7, 2007The Bank of Georgia’s oversubscribed London IPO epitomised Georgia’s drive towards catching up with the rest of the world. Ben Aris reports from Tbilisi on how chairman Lado Gurgenidze turned the bank around.
Georgians tread well-worn path
June 5, 2006The Georgian banking sector is growing and there is healthy competition. Bank of Georgia CEO Lado Gurgenidze is looking at what lies ahead for banks in the Caucasus. James Hydzik reports.
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