Make it your homepage |   E-mail: Subscribe Unsubscribe

IBM Watson Group Invests in Fluid to Transform the Consumer Shopping Experience

Friday, April 25, 2014
News Making Money

Within the project «Privileged Agro loan» VTB Bank issued loans with total amount 37 million GEL

05/02/2014 13:23 (78 Day 16:45 minutes ago)

The FINANCIAL -- Within the project “Privileged Agro loan” VTB Bank issued loans with total amount 37 million GEL. Generally, loans are issued within second, third and fifth components. 


The majority of issued loans  - within second component and reaches 17.6 million GEL. Mentioned component provides turnover and fixed assets financing for agricultural purpose. Interest rate not more than 8%.

The total amount of loans  issued within third component reaches  5.6 million USD. Mentioned component provides issuance of investment loans to finance creation of new agricultural enterprises. Interest rate not more than  3%.

Fifth component provides financing of Rtveli (grape harvest) and within this component  VTB Bank issued loans with total amount of  9.5 million GEL, interest rate is not more than 6%.

From the beginning of the year growth in loan portfolio amounted to 225%. Among funded sectors are: plant growing, wine-making, livestock, poultry keeping, greenhouse farming. 

"We have a positive attitude towards VTB Bank participation in Agro loan Project. From the beginning, VTB Bank has been taking active part in program, initially the planned amount of investment was  25 million GEL, as of today, amount of loans issued by VTB Bank exceeds 12 million GEL of forecast amount. That is an indication of the importance and success of the project," said Valerian Gabunia, VTB Bank Retail Business Director. 



Make Your Comment

Add NewSearchRSS
Only registered users and facebook social network members can write comments!

This text is replaced by the Flash movie.
This text is replaced by the Flash movie.
“The former Yugoslav Republic of Macedonia”: presidential election and early parliamentary elections

23/04/2014 16:38 (1 Day 13:30 minutes ago)

The FINANCIAL -- A 14-member delegation of the Parliamentary Assembly of the Council of Europe (PACE), led by Stefan Schennach (Austria, SOC), will travel to “the former Yugoslav Republic of Macedonia” from 25 to 28 April to observe the conduct of the presidential election (2nd round) and the early parliamentary elections, alongside observers from the OSCE’s Parliamentary Assembly and Office for Democratic Institutions and Human Rights (ODIHR), according to PACE.



Major Cloud Service Providers Slash Prices; Threaten Smaller Players’ Existence: IDC Warns

19/04/2014 13:40 (5 Day 16:28 minutes ago)

The FINANCIAL -- In the last week of March, major Cloud Service Providers (CSPs) in Asia dropped their prices for core services dramatically and IDC believes that this will make it very difficult for smaller CSPs to remain in business if they continue to rely on provision of basic, undifferentiated services, according to International Data Corporation (IDC).

Philippines: Further reforms to strengthen growth, create more and better jobs

11/04/2014 12:00 (13 Day 18:08 minutes ago)

The FINANCIAL -- The Philippines is likely to remain as one of the fastest growing economies in the East Asia and Pacific region in the next two years.

Zurich identifies seven cyber risks that threaten systemic shock

23/04/2014 17:00 (1 Day 13:08 minutes ago)

The FINANCIAL -- The recently published Zurich Cyber Risk Report, created in collaboration with the international think tank Atlantic Council, argues that cyber-risk management professionals need to look beyond their internal information technology safeguards to interconnected risks which can build up relating to counterparties, outsourced suppliers, supply chains, disruptive technologies, upstream infrastructure and external shocks, according to Zurich Insurance Company.


Developed by Aleksandre Chiabrishvili

Design built by Creo Group