The event was opened by Sopnendu Mohanty, Executive Director of the Global Finance & Technology Network (GFTN) based in Singapore. Welcoming remarks were delivered by the Prime Minister of Georgia, Irakli Kobakhidze; the Minister of Economy and Sustainable Development, Mariam Kvrivishvili; and the Governor of the National Bank of Georgia, Natia Turnava."For the second consecutive year, Georgia has been part of an international network that brings together the world's leading financial centers, including Singapore, Japan, and Switzerland. This is the result of successful reforms implemented by the Government of Georgia and the National Bank of Georgia," stated Natia Turnava, Governor of the National Bank of Georgia, at the opening of the summit.According to her, despite global challenges, Georgia has maintained financial stability and a high rate of economic growth. Over the past five years, the average annual economic growth has reached 9.3%, while international reserves have doubled in the last two years, reaching 8.14 billion USD. The reserve adequacy indicator has also improved; the metric defined by the IMF methodology (the ARA metric) significantly exceeds the 100% adequacy threshold, standing at 128.2%.Natia Turnava noted that the Georgian financial sector is characterized by high capitalization and strong liquidity buffers, which enhances its attractiveness to international investors. In 2025, the annual growth of foreign direct investment in the financial sector reached 18.7%.The main theme of the summit is the development of regional economic and financial corridors at the intersection of policy, finance, and technology. During the two-day event, participants will discuss central bank priorities, financial stability, digital assets, the future of payments, artificial intelligence, and the cybersecurity of financial systems.The Governor of the National Bank of Georgia will participate in a high-level panel discussion titled "Central Bank Priorities for 2027."The "Tbilisi Financial Summit" serves as a significant platform for strengthening Georgia's position within the international financial and technological ecosystem, deepening cooperation with international partners, and showcasing investment opportunities.The summit is jointly organized by the National Bank of Georgia, the Ministry of Economy and Sustainable Development of Georgia, and the Singapore-based Global Financial and Technology Network (GFTN).
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Sopnendu Mohanty highlighted the role of the National Bank of Georgia in fostering financial innovation, noting that the country is already taking significant steps toward modernizing its financial system through the implementation of open banking. In his assessment, Georgia has the opportunity to build upon this experience and advance to the next stage of financial technology development."Open banking, regulatory sandboxes, digital banks, the digital Lari, you are not merely implementing technology; you are creating it. Yet, technology is not the end goal. The goal is a financial system that is productive, sustainable, and trustworthy. While technology defines the capabilities of finance, trust determines how far it can go. Let us make Tbilisi the place where these two converge," stated Sopnendu Mohanty.Speaking on Georgia’s development prospects, the Executive Director of the GFTN Group noted that three areas will be of particular importance for the further development of Georgia’s financial sector: artificial intelligence, tokenization, and quantum technologies.Regarding artificial intelligence, he pointed out that the development of this technology is entering a new phase - one where AI does not just process information and answer questions, but also acts independently. According to his assessment, the use of artificial intelligence in the financial sector will facilitate the rapid detection of fraud, more accurate risk assessment, and improved services for customers. At the same time, it is essential to have appropriate regulatory frameworks in place that ensure both the development of innovation and the security of the financial system.Sopnendu Mohanty identified tokenization as another key area. He explained that a tokenized financial market enables the instantaneous settlement of money and assets. He noted that Georgia took steps toward digital currency at an early stage, and expressed hope that the country would leverage this experience to develop a fully-fledged tokenized market."Value grows when we share it, and Georgia lives by this principle," stated the Executive Director of the GFTN group.
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The lari-zation ratio for the total portfolio stands at 57.04% (compared to 50.77% the previous year). Dollarization has decreased to 43%; however, if the 7.1 billion GEL government portfolio is excluded, the figure exceeds 47%.According to the National Bank of Georgia (NBG), the weighted average annual market interest rate on term deposits in September was 7.10%. Specifically, the rate was 8.66% for deposits in the national currency and 2.40% for deposits in foreign currency.
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According to the National Bank of Georgia (NBG), the portfolio denominated in Georgian Lari (GEL) increased by 796.7 million GEL, while the foreign currency-denominated portfolio rose by 892.6 million GEL.As of October 1, 2026, the banking sector has extended 33.67 billion GEL in loans to legal entities, with more than 66% of this amount denominated in foreign currency.The volume of retail loans stands at 41.9 billion GEL (+16.8% year-on-year).The "larization" (share of GEL-denominated loans) of the total loan portfolio is 58.54% (compared to 58.2% the previous year).
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The procurement concerns 8–9 meter-long, low-floor, diesel-powered buses, designed to accommodate at least 50 passengers and adapted for persons with disabilities. The interiors will be equipped with heating and air conditioning systems, USB ports, and information monitors.The buses are to be delivered to Rustavi in stages within 240 calendar days of the signing of the contract. The submission period for bids in the tender will open on October 29 and close on October 30.
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Lion Finance Group (BGEO LN) shares closed at GBP 120.60/share (-4.13% w/w and -14.59% m/m). More than 307k shares traded in the range of GBP 119.30 - 127.00/share. Average daily traded volume was 61k in the last 4 weeks. The volume of BGEO shares traded was at 0.71% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 47.20/share (- 7.09% w/w and -10.94% m/m). More than 251k shares changed hands in the range of GBP 46.70 - 50.85/share. Average daily traded volume was 64k in the last 4 weeks. The volume of TBCG shares traded was at 0.45% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 41.45/share (-2.59% w/w and -7.99% m/m). More than 185k shares traded in the range of GBP 40.40 - 43.40/share. Average daily traded volume was 37k in the last 4 weeks. The volume of CGEO shares traded was at 0.54% of its capitalization.
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