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The NBG replenished its reserves by $167.4 mln in October

The NBG notes that international currency reserves are an important guarantor of the country's macroeconomic stability. Accordingly, as of the regulator, the NBG is always focused on replenishing reserves, which is confirmed by the bank's stated policy. When the market allows, the National Bank increases the country's international reserves.In addition, the foreign exchange interventions carried out by the NBG in 2025 look like this: January-February - No net purchase through Bmatch March - Net purchase through Bmatch $101.7 million April - Net purchase through Bmatch $266.4 million May - Net purchase through Bmatch $245.4 million June - Net purchase through Bmatch $266 million July - Net purchase through Bmatch $416.9 million August - Net purchase through Bmatch - $199.6 million September - Net purchase through Bmatch - $100 million October - Net purchase through Bmatch - $167.4 million The National Bank of Georgia's operations in the foreign exchange market will publish updated data on December 25, 2025.

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Georgian Railways announces tender for purchase of 120 freight wagons

“The tender announced for the purchase of freight gondolas is the first result of the optimization carried out in the company - Georgian Railways plans to purchase the wagons with the saved funds. It is worth noting that a large part of the existing wagon and locomotive fleet is outdated in terms of technical parameters and condition and requires renewal/modernization. We will work actively for this purpose. This initiative is aimed at optimizing the transport and logistics direction of Georgia and increasing its throughput, as well as the efficiency of the railway,” Lasha Abashidze noted.It is worth noting that the addition of gondolas is critically important for the wagon fleet of Georgian Railways due to the high demand for them, gondolas are important in the working process of local production.According to the tender documentation announced by Georgian Railway, the service life of the wagons has been determined to be at least 22 years, and the design speed should not be less than 120 km/h. It is also important that the proposed wagons will be built no earlier than 2025, should not have been in operation and should not have participated in loading/unloading operations. In addition, the wagons should be able to carry at least 69 tons of cargo.The estimated cost of the purchase is 20,142,312 GEL. The tender will start on December 10, 2025 and end on December 12.

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The NBG Successfully Migrates to SWIFT’s ISO 20022 International Stand...

ISO 20022 is an international standard for data transmission and messaging in financial services. Its global relevance is substantial, as it has been adopted by major central banks and payment systems worldwide and represents a core initiative led by SWIFT to modernize global financial communication.The migration to this standard ensures: Enhanced data richness Messages contain more structured and detailed information, supporting more accurate transaction analysis, automation, and strengthened efforts against financial crime (AML/KYC).Operational efficiency Standardization reduces errors and operational costs while accelerating payment processing, ultimately benefiting both businesses and consumers.Global compatibility ISO 20022 serves as a unified “language,” enabling Georgian banks to collaborate more seamlessly with international partners.It is noteworthy that the National Bank of Georgia not only upgraded its own systems to the new standard but also effectively coordinated the large-scale migration across the Georgian banking sector. The NBG’s support and active involvement were crucial in enabling commercial banks to implement the required system changes in a timely and efficient manner.The introduction of ISO 20022 represents a technological advancement for Georgia’s financial market, fostering innovation and enhancing the competitiveness of the country’s payment infrastructure at both the regional and global levels.

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Georgian companies' shares are mostly in the red on the LSE

Lion Finance Group (BGEO LN) shares closed at GBP 83.30/share (+5.04% w/w and +10.77% m/m). More than 227k shares traded in the range of GBP 76.65 - 84.45/share. Average daily traded volume was 44k in the last 4 weeks. The volume of BGEO shares traded was at 0.52% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 37.60/share (unchanged w/w and -11.01% m/m). More than 418k shares changed hands in the range of GBP 36.15 - 37.95/share. Average daily traded volume was 133k in the last 4 weeks. The volume of TBCG shares traded was at 0.75% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 26.10/share (+4.19% w/w and +7.85% m/m). More than 190k shares traded in the range of GBP 24.40 - 26.15/share. Average daily traded volume was 36k in the last 4 weeks. The volume of CGEO shares traded was at 0.54% of its capitalization. 

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China Joins Georgian, Azerbaijan, Kazakh Railways Joint Venture

An agreement has been signed between China Railway Container Transport (CRCT) and Middle Corridor Multimodal Ltd, a joint venture of the Georgian, Azerbaijan, and Kazakh railways, eadaily.com’s Caucasus Bureau reports.The agreement was signed during the Second International Forum on Railway Cooperation “China-Europe” in the Chinese city of Xi’an.

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Rico to raise 200 MLN at 11% - MFO’s Second Issue

The annual rate of the loan unsubordinated bonds is TIBR 1D + 2.80-3.20% All overnight TIBR rates recorded during the calculation period will be sorted in ascending order Then the lowest and highest 10% indicators will be cut off The remaining data will be used to calculate the arithmetic mean The above-mentioned spread of 2.80-3.20% will be added to the obtained value Microfinance Organization (MFO) activities Pawnshop loans Remittances Conversions Promissory notes Out of the 200 million raised, 130 million MFO will be needed to refinance the previous issue and will be repaid ahead of schedule (the maturity date is 17.03/2026). The remaining is for credit resources. The combination of refinancing and targeted portfolio growth simultaneously serves both Rico's short-term financial objectives and long-term goals.MFO Rico is the largest in the market, with a credit portfolio of 798 million GEL and assets of up to 940 million GEL. With more than 1.5 million clients and more than 70 branches (as of 9M2025).

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