The meeting was also attended by Ekaterine Galdava, Vice Governor of the NBG, and Giorgi Edilashvili, Head of the International Relations Department.During the meeting, the parties discussed ongoing and planned initiatives related to the development of Georgia's payment system, consumer rights protection mechanisms, financial education initiatives, and the future prospects for cooperation between the National Bank of Georgia and Visa.Natia Turnava expressed her gratitude to Visa for its active support in developing the NBG's comparison platform for payment service fees and commercial bank deposit interest rates. Launched at the initiative of the NBG, the new platform enables consumers to compare the fees charged by various payment service providers, as well as the interest rates offered on commercial bank deposit products, helping them make informed financial decisions.The parties also discussed the Tbilisi Finance Summit, which will be held in Tbilisi for the second time on October 27–28 this year. As in the previous year, Visa is once again an active supporter of the summit.The meeting also covered ongoing and planned initiatives designed to expand access to innovative payment services across the country.According to NBG Governor Natia Turnava, close cooperation with the private sector and international partners is essential for the National Bank of Georgia to provide consumers with modern, secure, and innovative payment services.Visa has been operating in Georgia for more than 25 years and plays a significant role in the development of the country's payment ecosystem. As of June 2026, the number of active Visa cards in Georgia exceeded 1.9 million.

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The bonds were placed within the capital market support program of the Economic Development Corporation of Georgia, and they are planned to be admitted to trading on the Tbilisi Stock Exchange. Securities investors are natural persons. The coupon of the bonds denominated in US dollars was 7.5%, and the coupon of the euro tranche was set at 6.5%.Raised funds will be used to refinance existing bonds and finance future projects. With this transaction, the company significantly improved financing costs and, due to high interest, was able to attract additional resources.According to Otar Sharikadze, director of TBC Capital, the company is an active issuer on the capital market of Georgia, and taking into account this issue, it has placed bonds totaling more than $29 million and €8 million."I am glad that within the framework of cooperation we have already implemented the 4th and 5th issues. As a result, we are jointly continuing the development of the local debt capital market. This year, TBC Capital has already helped six companies to attract financial resources." In total, we placed ₾400 million worth of corporate bonds within 10 transactions, as a result of which we maintain our leading position and hold a 60% share in the local market," said Otar Sharikadze.Director of the Economic Development Corporation of Georgia, Irakli Gabriadze, emphasized that this is the second successful cooperation with "Empy Development" within the framework of the capital market support state program."When using the program for the first time, the company issued debut bonds, which is another visible example of the entry of new issuers into the capital market. I am glad that the capital market is becoming an effective tool for attracting financial resources for Georgian businesses. The corporation will actively continue to support similar initiatives in the future," said Irakli Gabriadze.According to the director of Empi Development, Papuna Katsitadze, the high confidence of investors and the success of previous issues allowed the company to return to the market with an even larger offer."It is particularly important that investors' interest in the current issue is still high. In addition, the existing investors also expressed their desire to participate in the new issue, which is another proof of high confidence in the company. "MP Development" has been developing consistently for 14 years, and it is these results that determine the growing confidence of the market," said Papuna Katsitadze.

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Lion Finance Group (BGEO LN) shares closed at GBP 117.00 per share, gaining 3.17% week-on-week and 4.09% month-on-month. More than 171,000 shares were traded during the week within a price range of GBP 111.90–117.60 per share. The average daily trading volume over the past four weeks stood at 45,000 shares, while the traded volume represented 0.40% of the company’s market capitalization.TBC Bank Group (TBCG LN) ended the week at GBP 47.62 per share, up 0.55% week-on-week and 5.87% month-on-month. Trading activity exceeded 295,000 shares, with transactions conducted in the GBP 46.44–48.72 per share range. The company’s average daily traded volume over the last four weeks was 58,000 shares, and weekly traded shares accounted for 0.53% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 41.70 per share, marking a 4.12% weekly increase and a 6.11% monthly gain. More than 200,000 shares changed hands during the period, trading between GBP 39.40 and GBP 42.05 per share. The average daily trading volume for the last four weeks was 39,000 shares, with traded volume representing 0.58% of the company’s market capitalization.

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According to the National Bank, JSC Telasi itself has not been included on the sanctions list and is a provider of critically important services, whose uninterrupted operation is essential for the population and the economy.“Taking into account the requirements of international sanctions, the National Bank of Georgia, within the scope of its competence, ensures that appropriate approaches are applied so that, on the one hand, sanctions requirements are complied with, while, on the other hand, the continuity of critically important services is taken into account.In addition, when assessing sanctions-related issues, specific circumstances are taken into consideration, including the nature and purpose of the operations to be carried out. Accordingly, banks will continue to service JSC Telasi in the national currency, Georgian Lari, in line with the requirements of the sanctions in force, NBG regulations, their own policies, and risk assessment approaches,” the National Bank states.

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“International currency reserves are an important guarantor of the country’s macroeconomic stability. Accordingly, the NBG is consistently focused on building up reserves, in line with the bank’s stated policy. Whenever market conditions allow, the National Bank increases the country’s international reserves.Specifically, in June, the NBG built up its currency reserves by USD 612.6 million through interventions carried out on the Bmatch platform. Meanwhile, total net purchases for January–June 2026 amounted to USD 2,078.4 million.The NBG’s currency interventions in 2026 break down as follows: January - net purchase via Bmatch of USD 86.6 million; February - net purchase via Bmatch of USD 429.3 million; March - net sale via Bmatch of USD 16.2 million; April - net purchase via Bmatch of USD 333.3 million; May - net purchase via Bmatch of USD 632.9 million; June - net purchase via Bmatch of USD 612.6 million. The National Bank of Georgia will publish updated data on its currency market operations on August 25, 2026,” the National Bank’s statement notes.

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The completion has followed the receipt of the required approval from the Committee for the Development of Competition and Protection of Consumer Rights of the Republic of Uzbekistan.For this acquisition, TBC Group formed a joint venture (JV) with Titan Investments, an international investment holding company backed by top-tier international institutional investors, family offices and sovereign wealth funds from the Middle East. The JV has acquired 100% of OLX UZ, with TBC Group owning 50% + 1 share and Titan Investments owning the remaining shareholding.OLX UZ is one of Uzbekistan's top 10 most visited websites, with over 5 million monthly active users and 2 million active listings across services, goods, vehicles and real estate, serving more than 17% of the country's active internet users.OLX UZ will continue to operate under the OLX brand and work as a stand-alone, open classifieds platform. Over time, TBC Uzbekistan plans to offer financial and payment services through OLX UZ, deepening engagement across consumer and business segments. This will in turn enable OLX UZ, which is already growing profitably, to further develop its own business."We're delighted to announce the completion of this acquisition, which represents continued execution on our strategy to diversify our business. It enables TBC to enter a new high growth vertical, bringing millions of new customers, allowing us to capture a greater share of customer attention and unlocking additional synergies that drive long-term customer loyalty and engagement. We will preserve what makes OLX unique and trusted - an open and independent platform - while creating new products and services for its users. We are pleased to partner with Titan Investments and leverage our combined expertise to drive further growth of OLX UZ”, - Nika Kurdiani, CEO of TBC Uzbekistan, commented.The JV between TBC Group and Titan Investments brings a unique combination of expertise in building and growing digital businesses. It allows the Group to leverage Titan's expertise in investing in and scaling high growth digital classifieds, while enabling TBC Uzbekistan to focus on integrating digital banking products into OLX UZ and developing new products together with OLX UZ.

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“According to the information available to us, as a result of the investigation conducted by the relevant investigative service against the aforementioned companies, none of the sanctioned companies had their area of ​​activity in Georgia. In addition, additional investigative actions have been initiated against them.We note here that the regulatory framework of the National Bank of Georgia imposes strict requirements for market entry and operation and represents an important filter for entities involved in illegal activities.In addition, the regulatory framework for virtual asset service providers developed by the National Bank is in line with the standards of the International Task Force on Combating Money Laundering (FATF) and best international practices, as confirmed by the 2024 assessment of the Committee of Experts of the Council of Europe (Moneyval). According to the assessment, in relation to Recommendation 15 (which provides for compliance with the requirements for the introduction of new technologies and the regulation of the activities of virtual asset service providers (VASPs)), Georgia’s rating is "Largely compliant." Similar assessments have been made regarding this recommendation by, for example, the United Kingdom and France," the regulator's statement reads.

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The most satisfied shareholders are the shareholders of the Bank of Georgia Group. ROE for every 100 GEL invested is >31 GEL. TBC ratio is 23.5%. Liberty/Basis is almost equal within 15%.Return on capital >20% is considered optimal.

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According to the 6-month statistics of NBG, the total profit (of profitable banks) is 1.914 billion GEL (H1/2025 - 1.619 billion. +18.2% Y.Y).All banks are profitable, except for the sanctioned VTB (-14.9 million) and Silk (-13.8 million). Also at a loss are digital "Hash Bank" (-6.2 million) and "Paysera " (-1.2 million), the 3rd digital - "Pavebank" has a 6-month net profit of 5.6 million GEL.In total, there are 19 entities on the market, including 2 microbanks (Crystal and MBC).

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The country's five leading commercial banks Bank of Georgia, TBC Bank, Liberty Bank, Terabank, and Basisbank will implement the Nasdaq Calypso system on a shared infrastructure covering the full front-to-back trade lifecycle. This initiative, executed under the Georgian Market Advancement Program (GMAP) and coordinated by GFMTA, represents a significant milestone in the development of Georgia's capital markets.The five participating commercial banks account for the largest share of assets in the Georgian commercial banking sector. Their transition to a shared, internationally recognized platform marks a crucial step toward establishing Georgia as a modern and well-governed financial market.Notably, over the past five years, the Georgian commercial banking sector has experienced double-digit growth, with total assets approaching USD 38 billion a testament to the scale and dynamism of the country's financial system. Alongside this growth, demand has increased for more sophisticated treasury infrastructure capable of supporting securities and derivatives markets, enterprise-wide risk management, and increasingly stringent regulatory requirements. At the same time, the investment required to implement and maintain such infrastructure at an individual institutional level poses a significant challenge for any single bank. A shared, coordinated approach, involving sector-wide pooling of resources and expertise, represents the most efficient means of achieving this objective at scale.According to Natia Turnava, Governor of the National Bank of Georgia, the modernization of Georgia's treasury infrastructure is a strategic priority for the NBG and an important step forward in the continued development of the country's financial system. She emphasized that, with the NBG's support, the shared platform will provide the reliable, world-class infrastructure needed to support the banking sector's continued growth."By migrating five leading Georgian commercial banks to a unified, internationally recognized platform, we are raising the standards of risk management, regulatory oversight, and operational resilience across the sector. This initiative reflects our commitment to building a strong and transparent financial market that fully aligns with international best practices and supports Georgia's economic growth," said Natia Turnava.Magnus Haglind, Head of Capital Markets Technology at Nasdaq, noted that Georgia serves as a prime example of how a shared infrastructure model can create tangible value."Both for individual institutions and for the financial system as a whole. Drawing on Nasdaq's experience in managing large-scale modernization programs, financial institutions gain access to deep institutional knowledge and future development opportunities without having to bear the full costs, risks, or operational complexities independently. GMAP represents precisely the kind of structured, country-level framework that ensures the success of a transformation on this scale. We are delighted to have the opportunity to support the National Bank of Georgia in this initiative and to assist the Georgian banking sector in establishing the infrastructure it needs for its next phase of growth," said Magnus Haglind.

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