The FINANCIAL -- For the first time in Georgia, TBC Bank will offer its clients the most comfortable distance banking service – special versions of mobile banking for iPhones and Androids in May, 2012.

The FINANCIAL -- The agreement about credit line apportion was signed between BasisBank and the Black Sea Trade and Development Bank on 2nd April.

The FINANCIAL -- Being a universal banking institution, quickly and flexibly reacting to the needs of its business clients by offering them a variety of credit facilities, Bank Republic has interesting news for this important sector of the economy: on April 6, the bank starts a micro and small business loan promotion countrywide.

The FINANCIAL -- On April 5, 2012, Bank Republic participated in the profession and education fair hosted by the French School of Caucasus.

The FINANCIAL -- The Black Sea Trade and Development Bank (BSTDB) will provide Basisbank, Georgia with a USD 4 million short-term revolving trade finance facility to support exporters and importers in Georgia.

The FINANCIAL -- 2011 was another successful year for ProCredit Bank Georgia. The bank maintained its strong market position and continued to provide banking services both to businesses and private households in a responsible manner.

The FINANCIAL -- 2011 will be viewed as a good year for most Georgian banks and the sector as a whole. During 2011 total assets increased by $1 billion (18%) and profits by $83 million (104%), while loan provisions decreased by $11 million (3%).

The FINANCIAL -- At a time when over 80% of Georgia’s population is employed by the SME sector, provision of adequate financing still remains a big headache for the majority of those enterprises.