ADVERTISEMENT
  • News
  • New York
  • Technology
  • Culture
  • Entertainment
  • Sport
  • More
    • Politics
    • Lifestyle
    • TV
    • Games
Monday, July 7, 2025
  • Login
No Result
View All Result
NEWSLETTER
FINCHANNEL
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
No Result
View All Result
FINCHANNEL
No Result
View All Result
Home Business BANKS

15,000 American Express Cards Sold in Georgia

The FINANCIAL by The FINANCIAL
July 26, 2010
in BANKS
Reading Time: 3 mins read
10
A A
0
Share on FacebookShare on Twitter

The FINANCIAL — Bank of Georgia, one of the leading banks in Georgia, has issued a new series American Express Blue Credit Card that provides a number of benefits and services, as well as several core benefits associated with the American Express brand and products around the world.

 

Card members will earn 1% cashback on all purchases and 0.5% on all ATM transactions. Higher cashback is also available at select merchants and there is no limit on the cashback that can be earned.
 
Blue Credit Card members are automatically enrolled into the American Express Selects Program, a global network of select merchants providing exclusive offers and discounts to American Express card members.

RelatedPosts

Thomas Priore Discusses How Unified Commerce is Transforming Business Financial Operations

ZEG Storytelling Festival

The Security Service of Ukraine lost the appeal in court to Alona Shevtsova, Ibox Bank

SEC Policy Director Corey Klemmer to Step Down

 

“The new credit card has several features which make it unique. The income of the individual should be from 400 GEL, which is less than for other American Express cards and we offer cashback, which is the return of cash up to 5%. Moreover, it provides high credit limit and 55 days interest-free credit on purchases and cash withdrawals,” said Irakli Gilauri, CEO of Bank of Georgia.

 

The price of a credit card is 25 GEL annually. Transactions by American Express card are available in approximately 3,000 merchants throughout Georgia and the rest of the world. The card can be used widely within Georgia in restaurants, hotels and shops. Card members have access to cash from any Bank of Georgia ATM and at more than 800,000 ATMs around the world.

 

In total Bank of Georgia has realized 15,000 American Express cards. From which 500 are Gold and the rest Green cards. The sales of cards reached 3,000 units in July.
 
“During the last months our sales have been growing, reaching 3,000 units per month. We forecast sales of 50,000 units of American Express Blue card within 12 months. Moreover we plan to have sales of 30,000 American Express cards by the end of the year,” declared Gilauri.

 

“The launch of American Express Blue Card signifies the commitment Bank of Georgia has to having innovative products focused on the needs of customers in Georgia. We have been cooperating with Bank of Georgia since 2009, already launching Gold and Green American express cards,” declared Alex Furber, Vice President, Business Development, American Express Global Network Services.

 

“We also see an evolution of products similar to the evolution of the markets in Georgia and we see significant opportunities in this market. We feel very privileged to have this exclusive partnership with Bank of Georgia as the Bank has a number of key areas that are consistent with strategies, they are focused on their customer, they have s strong brand and very strong commitment to the customer,” Furber added.

 

“The popularity of American Express card is in its flexibility, modern style and based on customer needs. In the case of Green and Gold cards the customer saves points which later can be redeemed for different gifts. In the case of the Blue card we give customers money back. The card is successful not only in Georgia but throughout the world,” declared Gilauri.
  
According to Gilauri, the total credit portfolio reached 1.9 billion GEL as of July 2010.
 
“The credit portfolio has been increasing for 8 months already. In June only we have provided 150 million USD worth of loans. We are certain that the credit portfolio will grow,” added Gilauri.

 

Bank of Georgia, one of the leading banks in Georgia, separated executive governance from its supervisory board recently.

 

“The new system is a standard of modern corporate governance, providing better administration and better control of the company’s management by its supervisory board. At present in western countries and America there is a tendency of implementing this system,” said Giorgi Chiladze, Deputy CEO of Bank of Georgia.

 

“The change in corporate governance won’t change the Bank’s policies. The decision of separation of executive governance from the supervisory board was made last year.

 

The management of the supervisory board was also changed. Neil Janin is now in charge of the supervisory board replacing Nikoloz Enukidze, the former chair of the board, having led the board over 4 years. According to Chiladze, the structural changes were under Enukidze’s strategic vision and architecture.

 

Neil Janin, a Canadian national, before joining Bank of Georgia, was Director of McKinsey & Company in Paris, where he joined the Firm in 1982.

 

Over his 27 year long career at McKinsey, he conducted engagements in the retail, asset management, and corporate banking areas. His work spanned the functions of strategy, organization and operations. He has practiced in Europe, Asia and North America. 

 

Before joining McKinsey, Janin worked for the Chase Manhattan Bank (now JP Morgan Chase) in New York and Paris, and Procter & Gamble in Toronto. Janin holds an MBA from York University, Toronto and a joint honors degree in Economics and Accounting from McGill University, Montreal.

 

 

Related Posts

Thomas Priore Discusses How Unified Commerce is Transforming Business Financial Operations
BANKS

Thomas Priore Discusses How Unified Commerce is Transforming Business Financial Operations

by The FINANCIAL
May 13, 2025
0

Businesses of all sizes face growing complexity in managing their financial operations. From processing customer payments to paying vendors and...

Read more
ZEG Storytelling Festival

ZEG Storytelling Festival

April 8, 2025
Chairman of the Supervisory Board of IBOX BANK Alona Shevtsova talks about the development of financial technologies in Ukraine and entering the Polish market

The Security Service of Ukraine lost the appeal in court to Alona Shevtsova, Ibox Bank

March 26, 2025
SEC Policy Director Corey Klemmer to Step Down

SEC Policy Director Corey Klemmer to Step Down

January 17, 2025

Discussion about this post

  • Trending
  • Comments
  • Latest
Spot Hbar ETF Odds Increase to 90% as Institutions Bet Big on Hedera

Spot Hbar ETF Odds Increase to 90% as Institutions Bet Big on Hedera

July 3, 2025
Teaching porn literacy

A sizable percentage of internet porn users, roughly 40% are women

January 17, 2024
Ampersand wins £22m five-year contract at London Zoo

Ampersand wins £22m five-year contract at London Zoo

June 25, 2012
7 Best SEO Events To Attend This Year

7 Best SEO Events To Attend This Year

July 2, 2025
EasyJet to fly to London from Stockholm Arlanda

The London Diplomatic List, Addresses, Contacts & Working Hours

January 23, 2023
Georgian Leadership Sent ‘Threatening, Insulting’ Letter To Trump Administration

Georgian Leadership Sent ‘Threatening, Insulting’ Letter To Trump Administration

July 7, 2025
Prominent Georgian Businessman Behind Euronews and National Geographic Arrested in Tbilisi

Prominent Georgian Businessman Behind Euronews and National Geographic Arrested in Tbilisi

July 7, 2025
The Role of Ethical Leadership in Financial Services

Why Financial Firms Are Turning to Remote Staffing for Growth?

July 7, 2025
Etisalat and Ericsson trial Massive MIMO technology in the UAE

Global study shows 96% plan to increase yield focus in anticipation of market correction

July 7, 2025
How Responsible Money Management Can Improve Your Financial Well-being

AnaIysis Reveals Significant Focus on Private Assets by Insurers Using External Investment Managers 

July 7, 2025
ADVERTISEMENT

Popular Last 24h

  • Spot Hbar ETF Odds Increase to 90% as Institutions Bet Big on Hedera

    Spot Hbar ETF Odds Increase to 90% as Institutions Bet Big on Hedera

    228 shares
    Share 91 Tweet 57
  • A sizable percentage of internet porn users, roughly 40% are women

    623 shares
    Share 249 Tweet 156
  • Ampersand wins £22m five-year contract at London Zoo

    3967 shares
    Share 1587 Tweet 992
  • Prominent Georgian Businessman Behind Euronews and National Geographic Arrested in Tbilisi

    25 shares
    Share 10 Tweet 6
  • A Landmark Rolls-Ryce Debut in Georgia

    41 shares
    Share 16 Tweet 10
  • Global study shows 96% plan to increase yield focus in anticipation of market correction

    20 shares
    Share 8 Tweet 5
  • AnaIysis Reveals Significant Focus on Private Assets by Insurers Using External Investment Managers 

    19 shares
    Share 8 Tweet 5

LATEST POSTS

Georgian Leadership Sent ‘Threatening, Insulting’ Letter To Trump Administration

Georgian Leadership Sent ‘Threatening, Insulting’ Letter To Trump Administration

July 7, 2025
Prominent Georgian Businessman Behind Euronews and National Geographic Arrested in Tbilisi

Prominent Georgian Businessman Behind Euronews and National Geographic Arrested in Tbilisi

July 7, 2025
The Role of Ethical Leadership in Financial Services

Why Financial Firms Are Turning to Remote Staffing for Growth?

July 7, 2025
Etisalat and Ericsson trial Massive MIMO technology in the UAE

Global study shows 96% plan to increase yield focus in anticipation of market correction

July 7, 2025
How Responsible Money Management Can Improve Your Financial Well-being

AnaIysis Reveals Significant Focus on Private Assets by Insurers Using External Investment Managers 

July 7, 2025
Facebook Quarterly Earnings Doubled in Three Years and Hit $17.7bn in Q1 2020

faceboo mmay hides the income from specific governments and extremist groups

July 6, 2025
A Landmark Rolls-Ryce Debut in Georgia

A Landmark Rolls-Ryce Debut in Georgia

July 6, 2025
Russia ramps up use of banned chemical weapons in Ukraine, including WWI-era poison gas, 3 European intel services say

Russia ramps up use of banned chemical weapons in Ukraine, including WWI-era poison gas, 3 European intel services say

July 5, 2025
Safety Training Seminars Review 2025- Reliable CPR and BLS Certification Courses

Safety Training Seminars Review 2025- Reliable CPR and BLS Certification Courses

July 5, 2025
Honest Review of UNSW Online 2025: Is It Worth Your Time and Investment?

Honest Review of UNSW Online 2025: Is It Worth Your Time and Investment?

July 4, 2025

LATESTBUSINESS

Prominent Georgian Businessman Behind Euronews and National Geographic Arrested in Tbilisi

Prominent Georgian Businessman Behind Euronews and National Geographic Arrested in Tbilisi

by The FINANCIAL
July 7, 2025
0

Etisalat and Ericsson trial Massive MIMO technology in the UAE

Global study shows 96% plan to increase yield focus in anticipation of market correction

by The FINANCIAL
July 7, 2025
0

How Responsible Money Management Can Improve Your Financial Well-being

AnaIysis Reveals Significant Focus on Private Assets by Insurers Using External Investment Managers 

by The FINANCIAL
July 7, 2025
0

Facebook Quarterly Earnings Doubled in Three Years and Hit $17.7bn in Q1 2020

faceboo mmay hides the income from specific governments and extremist groups

by The FINANCIAL
July 6, 2025
0

A Landmark Rolls-Ryce Debut in Georgia

A Landmark Rolls-Ryce Debut in Georgia

by The FINANCIAL
July 6, 2025
0

2025 Review Of NEXT New Growth | Executive Coaching For CFOs

2025 Review Of NEXT New Growth | Executive Coaching For CFOs

by The FINANCIAL
July 4, 2025
0

Spot Hbar ETF Odds Increase to 90% as Institutions Bet Big on Hedera

Spot Hbar ETF Odds Increase to 90% as Institutions Bet Big on Hedera

by The FINANCIAL
July 3, 2025
0

SCOPE Recruiting: Honest Review For 2025

SCOPE Recruiting: Honest Review For 2025

by The FINANCIAL
July 3, 2025
0

GET IN TOUCH

Submit guest post/Letters to the Editor:

editor (at) finchannel.com

Sales & Marketing: (+995 558) 03 03 03 Email: marketing (at) finchannel.com

Whatsup: (+995 599) 96 52 52

Georgia:

(+995 599) 96 52 52 Email: editor (@) finchannel.com

Postal address: 17 Mtskheta str. Tbilisi, Georgia 0179 The FINANCIAL

RESOURCE

  • Work at the FINANCIAL
  • ePaper
  • Advertise in The FINANCIAL
  • Access ePaper
  • Guest posts
  • Contributed articles
  • AmericanStockNews
  • Coupon Codes
  • GLOSSY MAG
American Culture Center
ACC Partner

GUIDEBOOK

  • Meet our team
  • Invest in Georgia
  • Become contributor
  • Archive

FOLLOW US

  • Facebook
  • Twitter
  • Google+
  • Youtube
No Result
View All Result
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE

© 2025 Intelligence Group llc

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.