According to the NBG, WhiteBIT already owns a VASP license in various EU countries, including Spain and Lithuania. After the start of hostilities in Ukraine, WhiteBIT left the Russian market.WhaitBIT card is in circulation, it is possible to withdraw money through an ATM with W/B Card. The trader will transfer the merchandise on the crypto exchange to the card and cash it in 3 currencies, Lari, USD and Euro.As you know, the digital wallet registration fee is 5,000 GEL. Also, as announced, bringing crypto asset trading platforms under the supervision of the NBG serves to legalize this segment and protect users. VASP requires appropriate software mechanisms for continuous monitoring of customer base and transactions.

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Most of them, 117 units were sold within 2 days of the offer, on December 4-6 last year.At that time, a large size gold bar was worth up to 184,000 GEL, and a small size - 3,680 GEL. The price as of April 16 is determined by 213,623 GEL and 4,272 GEL, respectively.Since December, the price of gold bars has increased by 16%. The price has increased by 11% m-o-m.The demand for gold has increased significantly amid geopolitical risks and the recent rise in inflation. Investing money in a tangible asset is considered the best investment tool, which is characterized by high liquidity.Gold bars can be purchased at the cash center or via the online store. However, only 20g is available online.According to the NBG, gold is also a good means of diversification of savings, since the demand for it increases when other types of investments become more risky. Central banks have also diversified their portfolios. They own 20% of the total gold.Following in their footsteps, the NBG also bought gold bars. Monetary gold has been added to foreign exchange reserves since March.

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Each case of incorrect declaration of a transaction concluded with a client is sanctioned with 2,000 GEL in accordance with the rules for determining/imposing/enforcing the amount of the fine at the request of the AML legislation.In addition, a 300 GEL fine was added on the dubious transaction for late information. The deadline for submitted information to the Financial Monitoring Service is determined by 5 days. Each violation is sanctioned with 300 GEL.This year, this is the first fine announced by the NBG for brokerages. In 2023, several brokerages were fined, including TBC capital.There are 9 brokerage companies in the market.

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According to the payment service provider (PSP) the owner of Mastercard will be able to purchase any services and products from the crypto account through card transactions.The card will be tied to electronic (eMoney) and digital wallet (mycoins) at the same time. VASP (Virtual Asset Service Provider) is a subsidiary of MyCoins eMoney.According to eMoney, at the moment it is to be clarified whether it will be possible to withdraw money from the ATM only in GEL, or in crypto currency and USD as well.It is also not known whether crediting will be restored or not. eMoney also offered a crypto loan, the amount was determined by 1/2 of the collateral and was issued for a period of 14 to 90 days.It is also not known whether crediting will be restored or not. eMoney also offered a crypto loan, the amount was determined by 1/2 of the collateral and was issued for a period of 14 to 90 days.

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The Ministry of Finance said the meeting noted the fiscal parameters of the country had returned to the “safe level” as a result of “high” economic growth and “tight” fiscal policy pursued over the recent years.The body mentioned the IMF’s projections of economic growth of Georgia stood around 5.7 percent for this year.The discussion also noted “strategic reforms” by the Georgian authorities and the significance of the IMF support for them. 

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According to the payment service provider (PSP) the owner of Mastercard will be able to purchase any services and products from the crypto account through card transactions.The card will be tied to electronic (eMoney) and digital wallet (mycoins) at the same time. VASP (Virtual Asset Service Provider) is a subsidiary of MyCoins eMoney.According to eMoney, at the moment it is to be clarified whether it will be possible to withdraw money from the ATM only in GEL, or in crypto currency and USD as well.eMoney has been on the market for 16 years, has more than 2 million clients and serves various payments, including utility, banking. It is also possible to receive/send international money.PSP registered in the NBG, also has gambling wallet for betting. Serves both physical and electronic currency transactions.There are 13 currencies in the crypto-wallet, although there are actually 12 left at the moment because the transactions on wiva are suspended.eMoney already trades USD on BMatch.

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Bank of Georgia Group (BGEO LN) shares closed at GBP 49.50/share (- 3.32% w/w and -4.44% m/m). More than 262k shares traded in the range of GBP 48.80 - 51.50/share. Average daily traded volume was 62k in the last 4 weeks. The volume of BGEO shares traded was at 0.58% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 30.75/share (- 3.61% w/w and -4.35% m/m). More than 145k shares changed hands in the range of GBP 30.25 - 32.00/share. Average daily traded volume was 54k in the last 4 weeks. The volume of TBCG shares traded was at 0.26% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 13.06/share (-0.31% w/w and +1.08% m/m). More than 181k shares traded in the range of GBP 12.90 - 13.50/share. Average daily traded volume was 62k in the last 4 weeks. The volume of CGEO shares traded was at 0.42% of its capitalization.

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The general director of the bank, Vakhtang Butskhrikidze, stated the priority of lending to the sector at the presentation of the TBC capital research, which was held by the investment bank for the private sector (5:00 p.m., April 11, Stamba, Tbilisi)The strategic sector does not lose its investment attractiveness. According to his prediction, the trend will continue in the future.The energy takes the second largest share in the bank's corporate portfolio. According to Vakhtang Butskhrikidze, industry is one of the most important for the economy, and TBC Bank was the first to start financing this sector.Today, TBC is the largest financier of this field. It includes 41 hydroelectric power stations, of which 30 HPPs are in operation, and 11 will be launched soon.According to him, 65% of the electricity generated in the country accounts for the partners of "TBC Bank". The total output of TBC-funded HPPs is 500 MW. 

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90% of the volume and 98% of the number of transactions accounts for cashless payments. Out of 9 million, 8.8 million payment operations are performed through POS terminals and the Internet.As of the January-February, the largest number of payments made outside the country through POS terminals are made in Turkey/Italy/France.Israel remains in the TOP 10, with a portfolio of up to 5 million. To note, remittances from the country have not stopped, despite the acute geopolitical situation there. Military operations in Palestine are still ongoing. In January, up to $18 million was transferred from Israel, and in February, transfers exceeded $20 million.Payments outside the country, with POS terminals (MLN GEL)

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The placement agents and managers of the transaction are such large investment companies as: Citigroup; J.P. Morgan; BCP Securities. The co-manager of the transaction is Galt & Taggart.The securities will be listed on the Irish Stock Exchange and will be rated at B- (Fitch) and B2 (Moody's).The transaction is due to close on April 16, and the issue price is 100%.As of 4Q23, the bank's regulatory Tier 1 capital is GEL 4.6 billion, common equity capital is GEL 4.2 billion, and the regulator's capital requirement is GEL 3.85 billion, while common equity capital is GEL 3.3 billion.To remind, acquisition of Ameriabank by BOGG and Bank of Georgia last week was also confirmed by the Armenian regulator. As a result, BOGG will acquire 60% of Ameriabank (70,279 shares) and Bank of Georgia - 30% (35,140 shares). The total transaction value  (100% of the shares) is $303.6 million, of which $252 million is payable upon completion of the transaction, and $21 million after 6 months. The remaining 10% is retained by the EBRD, subject to redemption.

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