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News

2023 year

28
Apr

Replacing the USD Libor rates

Whereas the ICE Benchmark Administration (IBA) will no longer publish the 3-month and 6-month USD Libor rates after 30 June 2023, a reliable, publicly available index accepted in international markets - the CME Term SOFR of the respective maturity plus an adjustment factor (Spread Adjustments) will replace the USD Libor rates. Read more
30
Mar

GEL money transfer fees

Please note that, from May 1, GEL money transfers from ProCredit Bank account to other bank accounts will be modified for both private individuals and legal entities. Read more

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