Latest articles from Georgia

ROE at Georgian banks slumps as pandemic bites

October 27, 2021

Return on equity at TBC Bank, the country’s largest lender, almost halved in 2020.

Screenshot 2021-10-27 at 10.40.11
Bank of Georgia teaser

Georgian banks gather rewards for resilience

July 2, 2019

Georgia’s banking sector is resilient, it is benefiting from – and contributing to – a strong economy. But there are some vulnerabilities that need to be addressed.

Giorgi Kadagidze

Giorgi Kadagidze: stabilising Georgia's currency climate

July 1, 2015

In an economy that is highly dollarised and in which the local currency has gone through a bout of devaluation, Georgia's central bank governor, Giorgi Kadagidze, has his work cut out. However, in taking a long-term approach, rather than looking for any quick fixes, he is confident that the country can achieve its currency goals.

Georgia's banks provide the calm amid a regional storm

April 30, 2015

The stand-off between Russia and Ukraine, and the subsequent sanctions imposed on Russia and fall in the value of its currency, has negatively impacted upon the economies of almost all former Soviet republics. In Georgia, however, the country's banks are faring well, in no small part because of the central bank's conservative approach. 

Streamlining Bank of Georgia

August 1, 2014

Bank of Georgia may be sitting comfortably as the largest bank in the eastern European country, but it is not resting on its laurels, with plans to divest some of its acquisitions to focus on its core banking business. 

Top Black Sea banks ranking, 2014: Asset quality risks rising

May 1, 2014

Several of the members of the Organisation of the Black Sea Economic Co-operation are facing rising asset impairment, but the reasons vary.

Bidzina Ivanishvili, Georgia's prime minister

Georgia's prime minister uses business savvy

April 2, 2013

In his spacious office high above Tbilisi, Georgia’s newly elected prime minister – and wealthiest citizen – Bidzina Ivanishvili talks about his plans to boost investment, to mend the relationship with Russia and to manage a difficult political cohabitation.

High spirits: since being elected in October 2012, Georgia’s prime minister, Bidzina Ivanishvili, and his Georgian Dream coalition have been committed to improving the country’s international relations

Georgia's banks remain unshaken by political uncertainty

April 2, 2013

As the political stand-off in Georgia between the new prime minister and president shows no sign of abating, the country’s economy is showing resilience and its banks are eyeing opportunities to strengthen growth by tapping into the country's unbanked population.

Giorgi Kadagidze, National Bank of Georgia governor

Georgia's local regulation in a global economy

May 28, 2012

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.

Mixed blessings of foreign ownership for Black Sea banks

May 1, 2012

Levels 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.

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