Category: Finance

A drop in EMIs is great, sure — but shortening your loan tenure could be the real money-saver in this rate cut cycle India’s central bank has trimmed its key interest rate again, and this time, it’s not just the economists who are celebrating. If you’re one of the millions with a floating-rate home loan, your monthly EMIs are about to get lighter — and smarter choices could mean massive…

India’s central bank looks set to cut interest rates again—but for millions of depositors and cautious savers, don’t expect any sudden bonanza. And for banks, well, the cost of funds might just stay stubbornly high a little longer. Despite the anticipated move from the Reserve Bank of India (RBI), set to be announced at the close of its Monetary Policy Committee meeting today, the benefits might not spread evenly. Borrowers…

The AIM Congress 2025 is set to redefine the global financial landscape by exploring pivotal trends such as Fintech, Digital Adoption, Sustainable Finance, Risk Management, Regulatory Compliance, and Banking and Payments. Scheduled to take place from April 7 to 9, 2025, at the Abu Dhabi National Exhibition Centre, this premier event will gather over 25,000 participants from 180 countries. The congress aims to serve as a platform for thought leaders…

BasisBank has been honored with the prestigious title of Best Private Bank in Georgia at the 2024 Global Banking & Finance Awards. This accolade recognizes the bank’s exceptional services and innovative offerings tailored to high-net-worth clients. BasisBank’s commitment to excellence and customer-centric approach has set a new benchmark in the Georgian banking sector, earning it international acclaim and solidifying its reputation as a leader in private banking. Recognition of Excellence…

The National Bank of Georgia (NBG) has released its latest report detailing the current trends in the loan portfolios of resident commercial banks. According to the report, there has been a slight decline in the total volume of loans issued by these banks, with a decrease of 202.32 million GEL (0.35%) compared to the previous month. However, when adjusted for exchange rate effects, the loan volumes actually increased by 0.89%.…

The Asian Development Bank (ADB) has made a significant investment of $15 million in BasisBank’s certified sustainability bond, marking the first such bond issued by a commercial bank in Georgia. This pioneering move is expected to bolster the country’s capital market and promote sustainable finance practices. The bond, which has a three-year maturity, aims to finance green and social sector projects, aligning with Georgia’s commitment to environmental sustainability and social…

The National Bank of Georgia (NBG) recently took part in a high-level meeting organized by the International Monetary Fund (IMF) and the World Bank. Held in Chisinau, Moldova, this annual gathering brought together central bank governors, finance ministers, regulators, and industry leaders from around the world. Representing Georgia, Vice-President Ekaterine Mikabadze emphasized the importance of international cooperation in addressing global economic challenges. The meeting focused on key issues such as…

TBC Bank Uzbekistan has achieved a significant milestone by securing a record $38.2 million equity investment from its shareholders. This substantial capital infusion is set to bolster the bank’s growth momentum and enhance its digital banking services in Uzbekistan. The investment highlights the confidence of shareholders in TBC Bank Uzbekistan’s strategic vision and operational excellence, positioning the bank for continued success in the rapidly evolving financial landscape of Central Asia.…

In a remarkable achievement, TBC Bank Group PLC, Georgia’s largest bank, has successfully exceeded its 2023 target for sustainable financing. According to the bank’s latest sustainability report, TBC’s sustainable portfolio expanded by an impressive 57% year-on-year, reaching GEL 1.2 billion (US$380 million). This milestone not only surpasses the initial goal of GEL 1 billion but also underscores the bank’s commitment to fostering sustainable development and innovation in the financial sector.…

In a significant move to bolster consumer rights within the financial sector, the National Bank of Georgia has announced pivotal changes set to take effect from July 1. This development marks a substantial shift in the landscape of financial consumer rights, promising enhanced protections and greater control for consumers over their financial agreements. Empowering Consumers Through Informed Decisions The forthcoming adjustments are designed to empower consumers, granting them the right…