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our news

01
Mar
STATEMENT
Our Bank and related parties have no relationship with the institutions which have similar names with our Bank and which are referred to in the news that the UK is to impose sanctions on 5 Russian banks.
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31
Dec
BSTDB Scales Up Support for Georgian SMEs

31 December 2021- The Black Sea Trade and Development Bank (BSTDB) made available a EUR 7 million SME facility to Isbank, an existing BSTDB financial intermediary partner in Georgia. The facility will be used to support liquidity and working capital needs of small and medium-sized enterprises’ (SMEs), which are the main driver for economic growth and employment in the country.

 

Today’s agreement builds on the successful cooperation dating back to 2018, when BSDTB became the first IFI to partner with Isbank Georgia.

 

Commenting on the deal, Dmitry Pankin, BSTDB President, said: “We are delighted to teaming up again with Isbank, one of the largest private Turkish investors in Georgia, to help the bank grow and support its many SME customers. Providing financial support and liquidity to businesses, which remain credit-constrained under the on-going pandemic, is essential for generating employment, increasing export capacity and competitiveness and otherwise support economic growth”.

 

“We are proud to strengthen our partnership with BSTDB and sign the second Loan Agreement to finance SMEs in Georgia. This funding will contribute to reduce the SME finance gap that is especially important for the recovery efforts of businesses affected by the pandemic. At the same time, the long-term EUR 7 million funding will help Isbank Georgia to strengthen its financial positions and be more successful on the local market. We would like to thank BSTDB for this commitment and support”, commented Hakan Kural, Deputy Chief Executive Officer of Isbank Georgia.

 

JSC Isbank Georgia is operating in Georgia as a full subsidiary of Türkiye İş Bankası A.Ş., which is the largest private bank in Turkey. The bank serves commercial and individual clients with a wide variety of banking products and services. Isbank Georgia's priorities are to promote close commercial and business ties between Georgia and Turkey, in collaboration with the parent company, as well as to develop the Corporate and SME business in Georgia. More information on Isbank Georgia at www.isbank.ge.

 

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. BSTDB is rated long-term “A” by Standard and Poor’s,  “A2” by Moody’s and “A+” by the Russian credit rating agency ACRA. For information on BSTDB, visit www.bstdb.org.

 

Contact:

Haroula Christodoulou

Phone: +30 2310 290533

: @BSTDB; @Haroulax 

 

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24
Dec
GGF JOINS FORCES WITH ISBANK GEORGIA TO ADVANCE GREEN INVESTMENTS

·  The EUR 6,1 million will result in CO2 reductions equivalent to powering 127 homes for one year.

Luxembourg and Tbilisi, 24 December 2021 – The Green for Growth Fund (GGF) has partnered with Isbank Georgia, extending a EUR 6,1 million five-year facility to promote green investments throughout the country and support the decarbonization of the local economy and transition to greener energy sources. The impact of this investment will be augmented through tailored capacity building activities through the fund’s Technical Assistance Facility.

The new investment will support Isbank Georgia advance green financing in the country, particularly for energy and resource efficiency measures. The funding will enable the bank to on-lend to corporate and SME clients planning to invest in, for example, energy efficiency measures in the construction of residential buildings, as well as finance PV installations. It is estimated the GGF funding will contribute to primary energy savings of 3,700 MWh/a and CO2 reductions of 700 t/a.

On the Isbank Georgia investment, GGF Board Chairperson Olaf Zymelka said: “The GGF is delighted to partner with Isbank Georgia as they show tremendous promise in financing green energy initiatives. Access to financing is critical to Georgia’s transition to a fossil-fuel-free future, and we have full faith in the bank’s capacity to put this investment to the best use and look forward to see this partnership in action.”

Hakan Kural, Deputy Chief Executive Officer, Isbank Georgia, said: “We are proud of establishing a new partnership with GGF by signing the first loan facility for financing energy efficiency and renewable energy projects. The long-term EUR 6,1 million funding will support us to expand financing to local corporates, SMEs and households and thus increase access to “green finance” on one hand, and contribute to primary energy savings at the same time.”

 

 

ABOUT THE GGF

The Green for Growth Fund invests in measures designed to cut energy use and CO2 emissions, and improve resource efficiency in 19 markets across Southeast Europe, the Caucasus, Ukraine, Moldova, the Middle East and North Africa. The fund provides such financing directly to renewable energy projects, businesses and municipalities or indirectly via selected financial institutions. The GGF’s Technical Assistance Facility maximizes the fund’s investment impact through support for capacity building at local financial institutions and partners. 

 

The GGF was initiated as a public-private partnership in December 2009 by Germany’s KfW Development Bank and the European Investment Bank, with financial support from the European Commission, the German Federal Ministry for Economic Cooperation and Development, the European Bank for Reconstruction and Development, and the Austrian Development Bank (OeEB). The fund’s growing investor base comprises donor agencies, international financial institutions and institutional private investors, including the International Finance Corporation, the Dutch development bank FMO, and the German ethical bank GLS. The GGF is advised by Finance in Motion GmbH, one of the world’s leading impact asset managers, with over EUR 2.6 billion in assets under advisory/management. MACS Energy & Water GmbH, acts as the technical advisor.  

 

For more information see www.ggf.lu and follow us on Twitter @GreenGrowthFund

 

 

ABOUT ISBANK GEORGIA

JSC Isbank Georgia has been operating in Georgia since 2012 and is a wholly owned subsidiary of Türkiye İş Bankası A.Ş., the largest private bank in Turkey with total assets of $76 billion as of 30 June 2021. Türkiye İş Bankası A.Ş. is represented with 1,182 domestic and 22 foreign branches in five countries, as well as subsidiary banks and representative offices in six more countries. Isbank Georgia provides a wide variety of banking products and services to corporate, SME and retail clients in Georgia.

 

For more information see www.isbank.ge.

 

 

Media contact GGF

Merle Römer

Manager Marketing & Communications

Phone: +49 (0)69 271 035-171

Email: press@ggf.lu

 

Media contact Isbank

Khatia Babukhadia

Head of Financial Institutions Division

Phone: +995 32 2442244

Email: isge.fi@isbank.ge

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29
Oct
Cyber security measures

Please be informed that recently there have been cases when civilians have been contacted by unknown persons on behalf of various commercial banks and asked to share their personal and banking data. In this regard, be kindly warned that JSC Isbank Georgia does not require its customers to share personal and banking data through communication channels (telephone, e-mail, SMS) and urges you not to share them with third parties.

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28
Sep
Changes in the Operational Tariffs

Please be informed that from 1st November, 2021 on cash transfers above 1 000 USD / EURO if the transfer is performed within 10 working days from its depositing, then transfer commission will be:

  • From ISBANK GEORGIA to ISBANK TURKY Branches: 0.25% +10 USD / EURO;
  • Via Internet Banking to ISBANK TURKY Branches: 0.25% +5 USD / EURO;
  • Guaranteed transfers via Internet Banking or from ISBANK GEORGIA branches to any other Banks: 0.25% +40 USD / EURO.
  • Non-guaranteed transfers via Internet Banking or from ISBANK GEORGIA branches to any other Banks: 0.25% +20 USD / EURO.
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18
Mar
Changes in the Operational Tariffs

Please, be advised that from 19th of April 2021, Isbank Georgia’s Tariffs for Foreign Currency transfers will be changed accordingly:

 

  • Money Transfer to other Banks (USD, EUR, GBP)

Guaranteed: 0.2%, min. 40 USD/EUR/GBP, max. 500

Non-Guaranteed: 0.2%, min. 20 USD/EUR/GBP, max. 500

 

  • Money Transfer to other Banks (TRY)

0.6%, min.120 TRY

 

  • Investigation/Amendment/Cancellation

55 USD/EUR/GBP/TRY

 

Please contact us in case of additional questions: +995 322 44 22 44, or visit our branches.

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17
Sep
Georgia’s Small and Medium Businesses to Benefit from IFC’s Loan to Isbank Georgia
Tbilisi, Georgia, September 17, 2020— A new partnership between IFC, a member of the World Bank Group, and Isbank Georgia will help small and medium-sized enterprises (SMEs) in Georgia create more job opportunities, as part of a program aimed at increasing access to finance for underserved smaller businesses.
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02
Mar
Changes in the Operational Tariffs

Please, be advised that from 1 April 2020, new commissions will be added to the Operational Tariffs:

 

  • Account maintenance fee

Despite the number of accounts, monthly account maintenance fee will be 1 GEL.

 

  • Inactive accounts maintenance fee

If there has been no turnover in any of the client’s accounts over the last 12 month, the commission of the inactive accounts 20 GEL per month.

 

  • Cash transfers in USD

Commission of the cash transfer, which is performed within 3 days after depositing, will be:

  • To Isbank Turkey Branches: 0.15% +10 USD

 

Please contact us in case of additional questions: (032) 44 22 44 or visit our branches.

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28
Mar
Procedure for Information Provision to Credit Information Bureau in the Territory of Georgia, Registration and Availability of Information in the Database of Credit Information Bureau

Dear Customers, please be informed that:

JSC “Isbank Georgia” will obtain/process the credit/non-credit and other relevant information of you/ your company/organization related to provision of the Credit Informative Bureau with the information, and receipt of the information in line with and under the conditions stipulated under the legislation of Georgia. Hereof information shall be processed in view of analyzing solvency of the Customer and will be accessible for the Customers of the Credit Informative Bureau in line with the legislation (the credit organizations and recipients/providers of information). In the event of demand of the Customer (including, the data subject), the data processor shall correct, update, amend, block, erase or destruct the data if the data is incomplete, incorrect or outdated, or if obtainment and procession thereof have been ensured with prejudice to the law.

Please also be informed that the Bank has been guided since 01 January 2019 by the provisions of the Order of the President of the National Bank of Georgia on Approving the Procedure for Information Provision to Credit Information Bureau in the Territory of Georgia, Registration and Availability of Information in the Database of Credit Information Bureau.

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20
Jun
BSTDB Enhances SME Support in Georgia

The Black Sea Trade and Development Bank (BSTDB) provided a USD 7 million loan to JSC Isbank Georgia to expand access to finance for small- and medium-sized enterprises (SMEs) in Georgia.

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