NBG RAISED REFINANCING RATE TO 7%
National Bank of Georgia (NBG) declared that its Monetary Policy Committee decided today to increase refinancing rate by 25 basic points. Respectively, the rate, which will became effective on May 4, makes 7%.
“SOCIETY AND BANKS”: RATE ON CREDITS, LINKED TO FLOATING INTEREST RATE, GREW FOR 27,356 CONSUMERS
Non-governmental organization Society and Banks declared that 27,356 credits, totaling to 1.11 billion lari, were linked as of April 1 to floating interest rate.
Respectively, following today’s raise by National Bank of Georgia of monetary policy rate by 25 basic points to 7%, interest rates increase for these borrowers, the organization said.
GEORGIAN AND BULGARIAN PARTIES DISCUSSED DEVELOPMENT OF FREIGHT TRANSPORTATION
Ministry of Economy and Sustainable Development reported about consideration of freight transportation development, held between Georgian and Bulgarian parties.
The mentioned issue was considered at the meeting with Tzvetelina Borislavova, owner of Clever Synergies Investment Fund, which held in the Ministry today.
REGULATION ON AGENCY FOR ANAKLIA DEEP-WATER PORT DEVELOPMENT APPROVED
The government approved regulation on recently established Agency for Anaklia Deep-Water Port Development.
According to respective decree of the government, the Agency is legal entity of public law, created under control and within system of the Ministry of Economy and Sustainable Development.
NBG: WITHIN REQUIREMENTS OF BASEL COMMITTEE, RULE OF INFORMATION DISCLOSURE BY BANKS WILL ENTER IN FORCE IN THE SECOND HALF OF THE YEAR
National Bank of Georgia (NBG) declared that within requirements of Basel committee on bank supervision (Pilar 3), rule of information disclosure by banks will enter in force in the second half of the current year.
Work on transparency requirements was conducted during 2016 and the document was sent to commercial banks for acquaintance, NBG said.
POWERS OF LADO OF GURGENIDZE IN “LIBERTY BANK” TO BE EXTENDED UNTIL 2019
Liberty Bank declared that new contract is planned to sign with Lado Gurgenidze, which will ensure his execution of duties of supervisory board’s chairman. Term of current contract expires on December 31 of this year.
“LIBERTY BANK” PLANS TO PAY DIVIDENDS OF 0.17 LARI PER PREFERENCE SHARE AND 0.004487 LARI PER ORDINARY ONE
Liberty Bank declared that it plans to pay dividends from profit of 2016.
Namely, 1.04 million lari is planned to pay to holders of preference shares (i.e. dividend per share to make up 0.17 lari).
LLC “AGRO+” GOT AGRICULTURAL LAND PLOTS IN TSKALTUBO MUNICIPALITY
According to the government’s decree, state-owned real estate in Tskaltubo municipality (Imereti region) will be handed over to LLC Agro+ through direct sale.
The matter concerns arable land, totaling to 99,741 square m.