Lion Finance Group (BGEO LN) shares closed at GBP 145.80/share (+6.42% w/w and +9.38% m/m). More than 241k shares traded in the range of GBP 137.10 - 145.80/share. Average daily traded volume was 46k in the last 4 weeks. The volume of BGEO shares traded was at 0.56% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 53.35/share (+3.39% w/w and +7.43% m/m). More than 239k shares changed hands in the range of GBP 52.10 - 53.95/share. Average daily traded volume was 68k in the last 4 weeks. The volume of TBCG shares traded was at 0.43% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 46.90/share (-6.57% w/w and +6.23% m/m). More than 178k shares traded in the range of GBP 44.20 - 48.85/share. Average daily traded volume was 88k in the last 4 weeks. The volume of CGEO shares traded was at 0.52% of its capitalization. 

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According to NBG statistics, deposits grew by 21.67% year-on-year.The deposit larization ratio rose by 0.01% in August, reaching 56.81%.In August, the weighted average annual market interest rate on time deposits stood at 6.78%; specifically, the rate was 8.68% for deposits in the national currency and 2.31% for deposits in foreign currency.Among foreign currency deposits, the US dollar accounted for a 77.45% share, while the Euro accounted for 20.00%.

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According to National Bank of Georgia (NBG) statistics, loans issued in the national currency increased by GEL 565.93 million (+1.28% month-on-month) in August, while loans in foreign currency rose by GEL 270.41 million (+0.87% month-on-month).By the end of August 2026, banks had issued loans to resident legal entities totaling GEL 11.20 billion in the national currency (a 0.26% increase compared to the previous month) and GEL 21.57 billion in foreign currency (a 1.29% increase compared to the previous month; or a 1.45% increase excluding the exchange rate effect).During August 2026, the volume of lending to the resident household sector increased by 1.28% or GEL 518.80 million, reaching GEL 41.15 billion by the end of the month. The larization ratio of total loans is 58.8%.

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Foreign exchange reserves serve as a vital safeguard for the country’s macroeconomic stability. Consequently, the NBG remains steadfastly focused on rebuilding its reserves, as reflected in the bank’s stated policy. Whenever market conditions permit, the central bank actively boosts the country’s international reserves.Specifically, during August, the NBG replenished foreign exchange reserves by USD 555.6 million through interventions on the Bmatch platform. Total net purchases from January to August 2026 reached USD 3,122.2 million.Foreign exchange interventions conducted by the NBG in 2026 began in January with net Bmatch purchases of USD 86.6 million, rising sharply in February to USD 429.3 million. March recorded net sales of USD 16.2 million, before returning to net purchases in April at USD 333.3 million, May at USD 632.9 million, June at USD 612.6 million, July at USD 488.2 million, and August at USD 555.6 million.The National Bank of Georgia will release updated data regarding its foreign exchange market operations on 26 October 2026.

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Ekaterine Mikabadze, First Vice-Governor of the National Bank of Georgia, congratulated Rico Express, TBC Capital, all involved parties, and the investors on the successful transaction. She noted that investors are gaining increasing opportunities to securely allocate their savings, while the private sector is gaining access to alternative sources of financing."Every successful market transaction is significantly driven by both capital market conditions and general macroeconomic stability. Stable economic development substantially lowers the country's risk premium, which, of course, enables the private sector to raise financial resources on more favorable terms. Positive trends are evident in the development of the capital market; the past year saw significant market activity, and market participants continue to demonstrate a high level of engagement this year," noted Ekaterine Mikabadze, First Vice-Governor of the National Bank."I congratulate 'Rico Express' Microfinance Organization on the successful placement of its first foreign-currency bond. There was significant interest in the securities, enabling the company to place the bond on competitive terms. I am pleased that they chose TBC Capital as their partner for raising funds in foreign currency. As a result, 'Rico Express' was able to secure financial resources on improved terms, which is crucial for the development of their business. Through such transactions, we assist companies in diversifying their funding sources, expanding their investor base, and raising capital on competitive terms," stated Otar Sharikadze, Director of TBC Capital.Lasha Nikolaishvili, Chairman of the Supervisory Board of "Rico Express," noted that this is a very significant day for the company. He expressed gratitude to the National Bank for its support and highlighted the role of the NBG in achieving this result. "The role of the National Bank is noteworthy, as the country's reserves have reached unprecedented levels in recent years. These very factors have led to a decline in interest rates within the country," noted Lasha Nikolaishvili. He added that in the current climate, where global refinancing rates are rising the company successfully issued 3-year bonds at a rate of 7%. This achievement is unprecedented in the recent market landscape and signals both a stable domestic environment and strong investor confidence in the country and Georgian companies alike."Riko Express" has been operating in the Georgian market for nearly 30 years and holds a 47% market share, making it the leader in the microfinance sector.

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The meeting was held on the sidelines of the Regional Central Bank Governors’ Roundtable.The parties discussed prospects for further deepening cooperation between the two central banks. Particular attention was devoted to the development of payment systems and opportunities for sharing knowledge and practical experience in this area.The parties noted that continued dialogue and the exchange of information would contribute to the development of modern, efficient, and secure payment systems and financial services. During the meeting, the parties agreed to sign a Memorandum of Understanding.Ekaterine Galdava, Vice-Governor of the National Bank, attended the meeting with the Governor of the Central Bank of Bosnia and Herzegovina. 

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The meeting took place on the sidelines of the Regional Central Bank Governors’ Roundtable held in Tbilisi.The parties discussed prospects for further deepening cooperation between the two central banks. During the meeting, a Memorandum of Understanding was signed, establishing a new framework for the exchange of expertise and best practices.The Memorandum provides for cooperation and knowledge sharing in the areas of monetary policy, international reserve management, payment systems, financial services development, and the regulation and supervision of financial institutions.

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The Global Fintech Fest is a major international fintech event that brings together representatives of financial technology, the banking sector, regulatory institutions, investors and technology companies from around the world.As part of the event, Ekaterine Galdava participated as a speaker in the panel discussion titled “Building Trust in Cross-Border Payments.” The discussion focused on the development of secure, reliable, and efficient cross-border payments, including the interoperability of payment systems and improving the speed and transparency of payments. It also addressed strengthening links between payment infrastructures across different jurisdictions.Ekaterine Galdava presented Georgia’s experience and the implemented and ongoing reforms aimed at modernizing the country’s payment infrastructure. The discussion highlighted the implementation of the modern RTGS system, the transition to the ISO 20022 standard, the development of the instant payment system, and prospects for the future connectivity and interoperability of Georgia’s payment infrastructure with international systems.Natalia Chkoidze, Head of the Payment Systems Department of the NBG, and Natia Chkonia, Deputy Head of the Consumer Protection Department, also participated in the Global Fintech Fest.During the event, representatives of the NBG held high-level meetings with senior representatives of the Reserve Bank of India (RBI), NPCI International Payments Limited (NIPL), and PhonePe, one of India’s leading fintech companies. The meetings addressed current issues related to the development of payment systems, as well as opportunities for future cooperation and exchange of experience, particularly in the areas of instant and cross-border payments, modern payment infrastructure, and the development of innovative payment services.

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In total, 3,388 residential apartments were sold in Tbilisi in August, an 18.9% increase compared to the same period last year. The market volume grew by 35.2%, reaching $297 million.Sales growth was particularly notable in new developments (+23.7%), reflecting increased market supply. Colliers estimates that the Samgori and Didi Dighomi districts accounted for the largest share of this growth.At the same time, apartment prices have also risen. Compared to August of the previous year, the weighted average sale price of newly built apartments: Increased by 16.7% in the city center; By 16% in the extended city center; By 10.4% in the suburbs. A Different Trend in Batumi Unlike Tbilisi, where local buyers predominate, the situation in Batumi is the opposite. According to Colliers data, the share of foreign buyers in Batumi’s old and new projects surpassed that of Georgians in August, reaching 52% (in July, the share of foreigners was 48%, while Georgians accounted for 50%).A total of 1,235 residential apartment transactions were registered in Batumi in August-a 4.3% decrease compared to August of the previous year-yet the total market size grew by 2.9%, reaching 81 million USD.

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The meeting took place on the sidelines of the Regional Central Bank Governors' Roundtable held in Tbilisi.During the meeting, the parties discussed opportunities to further deepen cooperation between the National Bank of Georgia and J.P. Morgan. They also reviewed the regional macroeconomic environment and ongoing trends within the financial sector.Particular attention was given to the Regional Central Bank Governors' Roundtable, co-hosted by the National Bank of Georgia and J.P. Morgan. The participants underscored the importance of this inaugural regional event, which served as a unique platform for central bank leadership and international financial community to exchange insights and address mutual priorities.

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