People's Bank Of Georgia
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People's Bank Of Georgia
The Liberty Bank ( ka, ლიბერთი ბანკი, ''libert'i banki''), formerly the People's Bank of Georgia ( ka, საქართველოს სახალხო ბანკი, ''sak'art'velos sakhalkho banki'') is a private bank in Georgia, the third largest in the country by total assets with 5.6% market share as of June 2017. It has the largest network of branches in Georgia. History Liberty Bank is the successor to the state-owned “AgroMretsvBank” which was privatised in 1994 and renamed to “People’s Bank of Georgia” in 2002. The People's Bank of Georgia had the largest customer service network in Georgia. Under the leadership of George Goguadze, the Bank opened 210 branches across the country. As Goguadze's strategy was to establish extensive coverage around the country, the Bank was able to win a state tender for the rights of issuance of pensions and other social benefits. At the end of 2008 which was the last year of Goguadze's executive ...
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Ilia Chavchavadze Avenue
Ilia Chavchavadze Avenue ( ka, ილია ჭავჭავაძის გამზირი) is one of the main avenues of Tbilisi and is named after the writer Ilia Chavchavadze. The avenue is located on the right bank of the Kura River in the Vake district of Tbilisi and is a continuation of Melikishvili and Rustaveli Avenue. It was originally, from 1935 to 1957 named Niko Marr Street after the orientalist Nicholas Marr Nikolai Yakovlevich Marr (, ''Nikolay Yakovlevich Marr''; , ''Nikoloz Iak'obis dze Mari''; — 20 December 1934) was a Georgian-born historian and linguist who gained a reputation as a scholar of the Caucasus during the 1910s before embarking .... Gallery Ilia Chavchavadze Avenue, Tbilisi (50503714161).jpg Ilia Chavchavadze Avenue, Tbilisi (50503806117).jpg Ilia Chavchavadze Avenue, Tbilisi (50502997198).jpg References {{coord, 41.7102, N, 44.7643, E, source:wikidata, display=title Streets in Tbilisi Vake, Tbilisi ...
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Joint Stock Company
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited companies. In t ...
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Georgian Stock Exchange
The Georgian Stock Exchange ( ka, საქართველოს საფონდო ბირჟა, literally "Georgian Stock Exchange Market") is the principal stock exchange in the country of Georgia. It was created by the "Joint Stock Company Georgian Stock Exchange Charter" which was registered and approved in 1999. It is located in the capital city of Tbilisi and its abbreviation in English is GeSE. The Georgian Stock Exchange is a member of the Federation of Euro-Asian Stock Exchanges. See also * Economy of Georgia * List of stock exchanges *List of European stock exchanges In the European region, there are multiple stock exchanges among which five are considered major (as having a market cap of over US$1 trillion): *Euronext, which is a pan-European, Dutch-domiciled and France-headquartered stock exchange comp ... *Caufex Electronic Commodities and Derivatives Exchange References External linksGeorgian Stock Exchange official website, in English and G ...
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Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Lado Gurgenidze
Vladimer "Lado" Gurgenidze ( ka, ვლადიმერ ადოგურგენიძე; born 7 December 1970) is a Georgian career banker, business executive, and the former politician, who was the sixth Prime Minister of Georgia, from 22 November 2007 to 1 November 2008. Early life Gurgenidze was born on 7 December 1970 in Tbilisi, Georgia. He received an MBA degree from Goizueta Business School of Emory University (Georgia, USA) in 1993, following undergraduate studies at Middlebury College (Vermont, USA) and Tbilisi State University. Early banking career Gurgenidze is a career banker. After a decade spent at several investment banks in Eastern Europe and London. Gurgenidze returned to his native Georgia following the Rose Revolution and spearheaded, as Executive Chairman and CEO, the turnaround of Bank of Georgia. During Lado’s three-year tenure Bank of Georgia’s Total Assets and Net Income increased by 854% and 1,779%, respectively. As its market share g ...
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Dinu Patriciu
Dan Costache ("Dinu") Patriciu (; 3 August 1950 – 19 August 2014) was a Romanian billionaire businessman and politician. At the time of his death, Patriciu was the richest man in Romania. His wealth was based on the Rompetrol company (the second largest oil company in Romania), which he took over from the Romanian state and later sold to Kazakhstan's state-owned KazMunayGas. Patriciu's business activity was marred by legal troubles, being charged with defrauding the state, money laundering and illegally manipulating markets, but he successfully withstood the investigations into allegedly corrupt privatization deals. A supporter of right-libertarian politics, Patriciu was a long-time member of the National Liberal Party (PNL). During the 2009 Romanian presidential election, Patriciu released a video in which President Băsescu appeared to hit a boy; Traian Băsescu sued for libel and won. Early life Patriciu was born in Bucharest in 1950, the son of Valeriu Patriciu, a mini ...
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Tbilisi
Tbilisi ( ; ka, თბილისი ), in some languages still known by its pre-1936 name Tiflis ( ), is the Capital city, capital and the List of cities and towns in Georgia (country), largest city of Georgia (country), Georgia, lying on the banks of the Kura (Caspian Sea), Kura River with a population of approximately 1.5 million people. Tbilisi was founded in the 5th century Anno Domini, AD by Vakhtang I of Iberia, and since then has served as the capital of various Georgian kingdoms and republics. Between 1801 and 1917, then part of the Russian Empire, Tiflis was the seat of the Caucasus Viceroyalty (1801–1917), Caucasus Viceroyalty, governing both the North Caucasus, northern and the Transcaucasia, southern parts of the Caucasus. Because of its location on the crossroads between Europe and Asia, and its proximity to the lucrative Silk Road, throughout history Tbilisi was a point of contention among various global powers. The city's location to this day ensures its p ...
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Georgia (country)
Georgia (, ; ) is a transcontinental country at the intersection of Eastern Europe and Western Asia. It is part of the Caucasus region, bounded by the Black Sea to the west, by Russia to the north and northeast, by Turkey to the southwest, by Armenia to the south, and by Azerbaijan to the southeast. The country covers an area of , and has a population of 3.7 million people. Tbilisi is its capital as well as its largest city, home to roughly a third of the Georgian population. During the classical era, several independent kingdoms became established in what is now Georgia, such as Colchis and Iberia. In the early 4th century, ethnic Georgians officially adopted Christianity, which contributed to the spiritual and political unification of the early Georgian states. In the Middle Ages, the unified Kingdom of Georgia emerged and reached its Golden Age during the reign of King David IV and Queen Tamar in the 12th and early 13th centuries. Thereafter, the kingdom decl ...
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Banks Of Georgia (country)
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Companies Based In Tbilisi
A company, abbreviated as co., is a legal entity representing an association of people, whether natural Nature, in the broadest sense, is the physical world or universe. "Nature" can refer to the phenomena of the physical world, and also to life in general. The study of nature is a large, if not the only, part of science. Although humans are ..., Legal person, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is generating profit * financial entities and banks * programs or Educational institution, educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared Incor ...
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Banks Established In 1993
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ...
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