The most satisfied shareholders are the Bank of Georgia Group. ROE for every 100 GEL invested is more than >30 GEL.A return on capital of 20-25% is considered optimal for shareholders. Their satisfaction is reflected in the market, and ultimately in the price of money. Lending rates should also be passed on, although with the recent uncertainty (be it the country's foreign exchange rate or the mood of public groups), risks have increased and the market is also hedging itself.
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As of December, the sector has earned 378 million GEL from currency exchange operations (L/Y - 704 million GEL).
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In November, the volume of term deposits increased by 224.67 million GEL (by 0.72%; exchange rate effect excluded volume of term deposits increased by 0.91%). Demand deposits decreased by 93.17 million GEL (by 0.27%; exchange rate effect excluded volume of demand deposits increased by 0.00%).The larization ratio of total non-bank deposits constituted 52.09% by the end of November 2025 and increased by 0.87 percentage point (exchange rate effect excluded increased by 0.75 percentage point) compared to the end of October 2025.The market interest rate on term deposits constituted 6.82%. In particular, the market interest rate for national currency denominated deposits was 8.98% and the market interest rate for foreign currency denominated deposits was 2.43%.The share of the US dollar in the total volume of foreign currency denominated deposits equals 78.68% and the share of the Euro equals 19.85%.
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The YoY growth rate of loans, excluding exchange rate effect, was 13.75%. The volume of loans in national currency increased by 652.59 milion GEL (1.65%) and the volume of loans in foreign currency increased by 292.08 milion GEL or by 1.02% in the same period (exchange rate effect excluded, increased by 1.58%).By the end of November 2025, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 11.04 billion GEL (2.05% more compared to the previous month), and foreign currency denominated loans constituted 19.35 billion GEL (1.40% more; exchange rate effect excluded volume of lending in foreign currency increased by 1.96 %).During November 2025, the volume of lending to resident household sector increased by 1.25% or 444.53 milion GEL, and constituted 35.97 billion GEL by the end of November 2025.Larization ratio for total loans constituted 58.18% by the end of November 2025 and increased by 0.151 percentage point (exchange rate effect excluded, increased by 0.02 percentage point), compared to the end of October 2025.
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The Georgian delegation was led by Genadi Arveladze, Deputy Minister of Economy and Sustainable Development, while the GCC delegation was headed by Abdulraza Al-Raidi, Director-General for Free Trade Agreements. The parties discussed the FTA’s structure and key areas, including trade in goods, safeguard measures, rules of origin, sanitary and phytosanitary standards, and technical barriers to trade.According to Arveladze, the consultations were productive and conducted within agreed timelines. He emphasized that Georgia welcomes the start of FTA negotiations with GCC member states and considers the agreement mutually beneficial for both Georgia and the Council’s members.The Tbilisi meeting followed a Georgian delegation visit to Saudi Arabia on December 16, underscoring ongoing efforts to strengthen economic ties and advance the potential FTA between Georgia and the GCC.
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TBC Capital acted as the transaction advisor, while the placement agent was a Tashkent-based firm.“This issuance represents another important step toward diversifying TBC Bank’s funding sources in Uzbekistan and supporting the development of the local capital market,” said Nika Kurdiani, CEO of TBC Uzbekistan.Earlier this year, on February 28, TBC Uzbekistan issued UZS 128 billion in 2-year notes at a 24% coupon. That placement attracted institutional investors linked to the governments of the UAE and Azerbaijan. Abu Dhabi Uzbek Investment purchased 70% of the issuance, while the Azerbaijan-Uzbekistan Investment Company acquired the remaining 30%.
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Georgian wine imports to the US decreased by 28%
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