Mergers will aid progress and profits
Article Abstract:
There have been significant improvements in the financial sector in Georgia. The United Georgian Bank is receiving a $10 million loan and equity investment package from the European Bank for Reconstruction and Development, which is also extending a $2 million medium-term loan to the country's Intellect Bank. Bank of Georgia has received an award from Western Union as the latter's best representative in Eastern Europe and CIS countries. Bank of Georgia has also introduced the Georgian Card, the country's first international plastic credit card, in cooperation with France.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Offshore centres still cloaked in mystery
Article Abstract:
Guernsey, Jersey and the Isle of Man are all confident that the review of their offshore financial shelters being undertaken by the UK government will not uncover any irregularities. They emphasize that they already regulate financial services activities very closely and that they are not a target for money launderers. Jersey has even taken its efforts to reinforce its respectability as far as to state that it will register only leading companies and banks.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Banks and small firms call a truce
Article Abstract:
Banks and small business in the United Kingdom appear to have improved their relationship since the recession of the early 1990s. Banks received criticism in the recession, but small companies often did not keep adequate financial records. The government is seeking to change the attitude of banks, but also aims to improve the financial management of small business. Companies could, however, be affected by higher costs from measures such as the minimum wage.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Morton freezes loan interest payments. Banks face EIB cash call. Eurotunnel to claim 2bn pounds sterling costs
- Abstracts: All in the line of duties. Brown plans a Budget worthy of his hero. Cautious Clarke gives a penny and holds out a 20p promise
- Abstracts: Make way for a rough new gang. Tony Blair, the first African PM. Beware politicians on the Internet, as they find forms of manipulation
- Abstracts: Sex, drugs and rock and roll send Britain's youth raving for more. Coffee-shop drugs culture falls apart
- Abstracts: Sterling must fall - but how? Markets and pound end year on high note. Buying frenzy on hint of EMU shift sends shares soaring and pound crashing