Lion Finance Group PLC, a Tbilisi-based company formerly known as Bank of Georgia Group, has appointed Giorgi Shagidze as the group’s new CFO, as well as Deputy CEO and CFO of the Georgian banking division of JSC Bank of Georgia, Logos Press reports.

Moldova’s largest commercial bank maib has announced the appointment by the Supervisory Board of Macar Stoianov to the position of the bank’s president (CEO), subject to the approval of the National Bank of Moldova (NBM), – Logos Press reports.

The European Bank for Reconstruction and Development (EBRD) has increased the limit of the unfunded risk-sharing loan for Moldova’s Bank maib from EUR 20 million to EUR 35 million, opening up a total of EUR 70 million in new financing for lending to Moldovan enterprises, Logos Press reported.

The first issue of municipal bonds worth 4.5 million lei is being prepared by the Municipality of Costeşti locality from Ialoveni district,” Logos Press reported.

Moldova’s largest commercial bank maib has entered the Romanian market as a player in the non-banking sector – Logos Press reports.
