The Bank of Georgia, on behalf of global giant BNY (The Bank of New York Mellon Corporation), provided custody of Uzbek shares in the settlement infrastructure, which was a necessary condition for the development of the Global Depository Receipts (GDR) program.The partnership was made possible after the Bank of Georgia became the first foreign financial institution to join the Uzbek capital market’s “regulatory sandbox” and receive the status of a foreign nominal holder. This status allows the bank to manage securities accounts in both local and foreign currencies without an additional license.In parallel with operating in the government securities market, the Bank of Georgia is also expanding its custody services for corporate shares and bonds in Uzbekistan, thereby facilitating access to emerging markets for international investors.
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The shares were cancelled on May 28, and by that time the Group had no shares remaining in its treasury, and the number of ordinary shares with voting rights amounted to 43,187,929.The Group announced a share buyback and cancellation program worth GEL 55 million on May 7, 2026, which was an extension of the GEL 98.0 million, GEL 51.5 million, and GEL 53.5 million share buyback and cancellation programmes announced on 20 August 2025, 20 November 2025 and 25 February 2026 respectively (the "Buyback Programme").The total number of shares cancelled since the launch of the Buyback Programme in August 2025 is 675,647.
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Specifically, Kokosadze sold 6,400 shares at an average cost of £109.8, generating an aggregated income of £702,720.The transaction was carried out over-the-counter on June 2.
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According to the NBG's "Monthly Review", at the end of April, the dollarization of deposits of legal entities increased by 0.3%p to 37.4%. The dollarization coefficient of the retail portfolio is 60.3%, having decreased by 0.3 percentage point in the reporting month.In April, the average weighted interest of total deposits (excluding government deposits**) is 5.6% (- 0.1%p m.m).The rate on GEL deposits decreased by 0.1 %p, to 7.1%. On deposits denominated in foreign currency, it remained almost unchanged (1.7%). On Euro-denominated term deposits, it decreased by 0.3 percentage point, to 1.2%.The highest interest rates are paid on government deposits, 9.3% for central government deposits, up to 10.2% for local government deposits. 8.4% for state-owned enterprises, and 5% for individual entrepreneurs.
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In detail:• The residential segment index increased by 0.5 percent compared to the previous month and by 1.1 percent compared to the same month of the previous year;• The non-residential segment index increased by 0.05 percent compared to the previous month and by 5.9 percent compared to the same month of the previous year;• The civil segment index increased by 2.2 percent compared to the previous month and by 5.7 percent compared to the same month of the previous year.In April 2026 the Construction Cost Index (CCI) increased by 1.1 percent compared to the previous month. The change was mainly due to a 6.4 percent increase in the transportation, fuel and electricity cost category, which contributed 0.78 percentage points to the total index change.Compared to April 2025 the CCI increased by 3.8 percent. The latter was largely caused by the 12.7 percent increase in the cost category of transportation, fuel and electricity and by the 2.2 percent increase in average monthly nominal wages of employees in the construction sector, which contributed 1.61 and 1.5 percentage points to the total index change, respectively. Along with this, the Construction Cost Index posted a 27.4 percent increase compared to February 2022.
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During meetings with investors, Governor Turnava discussed Georgia's current economic trends, macroeconomic stability, inflation dynamics, and the strategic priorities of the NBG's monetary policy. The discussions highlighted the country's economic resilience, the strength of the financial sector, the accumulation of international reserves, and the key factors supporting the stable development of the Georgian economy.The discussions also covered Georgia's economic growth outlook, regional challenges, and the continued interest of international investors and partners in the country's financial sector.It was emphasized that despite global headwinds and heightened market uncertainty, Georgia's economy and financial system remain stable. The National Bank of Georgia continues to implement policies aimed at preserving the resilience of the financial sector."The Georgian economy is distinguished by strong macroeconomic fundamentals, while our financial sector remains sound and resilient," stated Natia Turnava. "The primary mandate of the NBG is to ensure price stability, and we remain committed to a prudent and consistent policy approach to achieving this objective. This remains a key prerequisite for sustainable economic growth, financial stability, and long-term investor confidence."As part of the working visit to London, the NBG Governor also met with representatives of major credit rating agencies, including Moody's and S&P Global Ratings, to discuss issues related to Georgia's sovereign credit ratings.
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