The FINANCIAL — Karlo Goginava a new General Director of People’s Bank has outlined stabilization and capitalization as top priorities for the bank’s further growth and development.
Goginava, the graduate of Basel University in Switzerland and European School of Management Tbilisi (ESM Tbilisi), prior worked for different foreign and Georgian banks and after quitting a project manager’s position at Germany’s KFW Bank, he soon became a director of credit department at People’s Bank and in seven months- a director of risks management. Now as the General Director he appeared with innovative plans for the bank’s further growth development.
“We know our shortcuts very well and we’ll do our best to correct them. At this stage the bank is oriented at keeping stabilization. We’ve been working on concrete plans targeted at the improvement of banking services. These are innovative projects where, the most important is the issue of capitalization”.
As Goginava stated, with its doubled energy People’s Bank will continue its calling and will stand next to people.
Capitalization has become main link of new head’s work, which will automatically finance their innovative projects:
“We plan a new project of consumer loans with credit cards. We’re having negotiations with major western financial institutions and investment funds. The war didn’t affect our relations with foreign investors and soon it will get in active phase. The process of the bank’s capitalization will help use its potential to improve the service quality, to base modern technologies and improve innovative projects of the bank”, Zurab Tsulaia, Financial Director of People’s Bank, told the FINANCIAL.
All of new projects are oriented at custom’s maximum comfort.
According to Beso Abuladze, the first Deputy Director, in close future the bank will offer its clients several kinds of new services.
“I underline that in the city we began installment of so called automotive service points. These points mostly will be on main metro and bus stations. At these service points consumers will be able to get the whole spectrum of banking services.”
The services will include: covering community services, filling mobile phone balance, different banking operations: putting money on bank accounts, reloading accounts.
In future this automotive service points will be authorized to commit operations of sending or receiving money from abroad.
First 40 points will be available in Tbilisi. With the same service points additional service of so called disconnected cards will also be activated. First of all it will be connected with simplifications of bank processes and increase the assortment of bank’s work.
With help of the automotive branch the clients will be able to get wide range of different products like theatre or cinema ticket. The innovative product will be financed by investments and cost about some million Larries.
“The advantage of our innovative project is that people could get different kind of operations next to their homes. People’s Bank serves more then 1 600 000 customers in 220 branches and service centers and that automatically means that we must focus our work and offer more comfort to our clients.”
People’s Bank started issuing students credits and will also offer consumer credits diversified by different crediting products. As for the war casualties who’re not able to cover the credit interest rates, no fines will be set.
People’s Bank Georgia, established in 2003, is one of the main financial institutions in Georgia and maintains the highest number of branches (220) and clients (1.6 million) in the country. In August 2007, People’s Bank and Visa International marked the issue of the 500.000th plastic card.
According to June 30 data, People’s Bank’s total assets were GEL 361 460 362.
People’s Bank states to be the only financial institution oriented on social programs in Georgia. Pensioners and refugees can receive their pension and support through our system.
People’s Bank’s affiliated organizations include: People's Insurance- an insurance company, LTD Red- operates within the country’s real estate market, People’s Post- a postal company, Public Investment Management Company- a daughter broker company of People’s Bank.
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