Finance

As a result of the transaction, GCAP’s total voting rights amounted to 7,950,000 shares out of 43,863,576 shares issued in full, with full direct voting rights.It should be recalled that the demerger of GCAP and LFG took place in May 2018.

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GCAP will reduce capital by an additional GEL 700 MLN

“We are announcing the launch of a new GEL 700 million capital return programme, which we plan to implement through the end of 2027. The programme covers capital returns through share buybacks, dividends and potential early paydowns of up to US$ 150 million of GCAP's existing sustainability-linked local bonds (which otherwise mature in 2028)”, - Gilauri said.According to him, the programme, supported by significant improvement in the NCC ratio to a record-low level of 7.0% in 2Q25, is expected to be funded by a combination of the existing strong liquid funds and robust free cash flow generation at GCAP (together expected to exceed GEL 700 million over the programme period).The new programme will commence following the completion of the current share buyback programme in August 2025, starting with an initial US$ 50 million share buyback programme.Additionally, in September 2025, GCAP expects to exercise a call option to redeem at least US$ 50 million of its existing US$ 150 million local Holding Company bonds.

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Gilauri plans to sell 20% of his shares in GCAP

According to Neil Janini, chairman of GCAP’s compensation committee, over time, Irakli Gilauri has accumulated a significant shareholding in Georgia Capital, while not receiving any cash compensation for the last seven years.Accordingly, the Remuneration Committee has therefore encouraged Irakli to sell some of his holdings in Georgia Capital. Irakli has confirmed today that he intends to sell up to 625,000 Georgia Capital shares over time, for financial diversification purposes. This will be his first sale of Georgia Capital shares since the establishment of the Company in May 2018.Irakli currently holds a total of 3,126,503 shares, of which 2,131,709 shares are held directly and 994,794 shares remain unvested (and held in the form of Nil cost options) and will vest over the next few years according to the Remuneration Policy vesting schedules.“He has accumulated his shareholding over his 20-year tenure with Georgia Capital and, previously Bank of Georgia, from a combination of cash purchases (213,523 shares), deferred salary shares (nil cost options), and share-based bonus payments from, initially, Bank of Georgia and then Georgia Capital. After the sale, and following the award of 2025 salary shares, Irakli will continue to hold approximately 2.7 million shares”, - Neil Janini said.According to him, Irakli remains extremely confident in the strong prospects of both Georgia Capital and the Georgian economy, and he will remain a significant shareholder in the Company. For family estate planning purposes, Irakli has informed the Company that he also intends to move his remaining holding into a separate entity.

1754648933

TBC To Pay quarterly dividend of GEL 1.75 per

The 2Q 2025 Dividend will be payable in Pounds Sterling to ordinary shareholders of TBC PLC on the register of members at the close of business on the record date of 24 October 2025, pursuant to the following timetable:Ex-Dividend Date: 23 October 2025Record Date: 24 October 2025Currency Conversion Date: 31 October 2025Payment Date: 21 November 2025The Georgian Lari to Pound Sterling exchange rate that will apply to the 2Q 2025 quarterly dividend payments on the conversion date of 31 October 2025 will be the average exchange rate of the National Bank of Georgia for the period of 27 October 2025 to and including of 31 October 2025 (5 days average).“I am also glad to announce that our strong profitability and robust capital position have enabled the Board to declare a quarterly dividend of GEL 1.75 per share for the second quarter of 2025, bringing the 1H 2025 payment to GEL 3.25. In addition, we have announced a GEL 75 million share buyback starting from the second half of August, a sign of our commitment to returning excess capital to shareholders”, - Vakhtang Butskhrikidze, CEO of TBC PLC, states.

1754648482

NBG Maintains Supervisory Priorities

According to the document, the NBG emphasizes the importance of a long-term, inclusive, and sustainable economic development policy, noting that recent years have demonstrated the Supervisory Strategy's value as a key reference for both the National Bank and financial sector stakeholders. The strategy helps guide the Bank’s operational planning, provides clarity to its staff, and enhances predictability for the financial sector.Additionally, the strategy promotes transparency and accessibility for a wide range of audiences, including investors, international financial institutions, rating agencies, the general public, and other interested parties, by detailing supervisory priorities and forward-looking plans.First introduced in 2023, the 2023–2025 Supervisory Strategy was developed in close collaboration with both the private and civil sectors. It is reviewed annually to reflect current developments, while maintaining its core supervisory objectives over the three-year span.The five key supervisory priorities outlined in the document remain unchanged for 2025: Enhancing the financial sector’s risk management and proactive response systems Promoting competition across the financial sector Supporting financial innovation and the development of supervisory technologies Aligning with international standards Strengthening the supervisory capacity of the National Bank and improving transparency The 2025 edition also includes an action plan detailing the measures and timelines for implementing these priorities, as well as a report evaluating the progress made during 2024.Looking ahead, the National Bank of Georgia is preparing to develop a new Supervisory Strategy for the 2026–2028 period. This process will again involve broad stakeholder engagement to define fresh strategic priorities and actionable goals for the coming years.

1754562700

TBC Payroll Project Integration Has Become Possible Remotely

According to TBC, with the new functionality of the Business Internet Bank, the company will be involved in the payroll project in a few minutes, without additional procedures, activate payroll cards for employees, and save time.To do this, you need to select a payroll offer from the TBC Business Internet Bank offers page and fill in the required data, after which a TBC representative will contact the company.“For us, customers' time is very valuable. We are constantly trying to offer remote products for businesses. I am confident that the new service will save time equally for HR managers and executives of both startups and large companies,” - said Ia Kalmakhelidze, captain of the TBC Payroll Team.

1754474129

Georgians choose Italy for shopping

According to the NBG interactive statistics, cash withdrawals (cash withdrawals from ATMs) account for only 7% of card transactions. The proportion of 93% / 6.8%-7.2% has been maintained for the last 2 years.According to the data for the first half of the year (01.07.2025), the largest number of payments through POS terminals outside the country, up to 140 million GEL (+29%Y.Y) falls on Italy (01.07.2024 - Turkey was in the lead). Spain has moved up to the second position with an annual growth of 30%.Payments outside the country, through POS terminals (expressed in GEL)

1754399549

Lion Finance is considering a possible acquisition of a stake in HSBC...

The Company will update the market in due course.HSBC Continental Europe (HBCE) is a subsidiary of the HSBC Group in Paris, which has a portfolio of several European countries, including a 70% stake in HSBC Bank Malta. It is this stake that HBCE (or HSBC Continental Europe), which leads the shareholder base of HSBC Bank Malta, is in the process of selling.As of December 31, 2024, the total assets of HSBC Bank Malta plc exceeded €7 billion. The bank showed record financial indicators in 2024: profit before tax of €154.5 million, net profit - €100.1 million, ROE = 17.5%.

1754389094

Basisbank has increased the interest rate on EUR deposits

The conditions for existing depositors will not change. 1.2% will remain for them.At the moment, the annual interest rate on a one-year deposit in US dollars (with withdrawal at the end of the term) is 3.2%, while in GEL - 10.92%.Basisbank, with a portfolio of individual deposits of GEL 1.361 billion, is in the 4th position with a share of 4.09% (H1/2024 – 1.234 billion. 4.16%). Foreign currency deposits are guaranteed for a term of up to 5 years.Hualing Group Bank is preparing for a merger with Liberty, which retail deposit portfolio is up to GEL 2 billion.Basisbank by 1-year deposit interest rate (%)

1754308651

Shares of Georgian companies mostly rose in price on the LSE

Lion Finance Group (BGEO LN) shares closed at GBP 76.30/share (+3.74% w/w and +10.26% m/m). More than 241k shares traded in the range of GBP 74.60 - 78.15/share. Average daily traded volume was 41k in the last 4 weeks. The volume of BGEO shares traded was at 0.54% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 47.40/share (- 1.96% w/w and +2.82% m/m). More than 244k shares changed hands in the range of GBP 47.00 - 49.20/share. Average daily traded volume was 61k 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 21.35/share (+0.95% w/w and +11.43% m/m). More than 381k shares traded in the range of GBP 20.95 - 21.65/share. Average daily traded volume was 61k in the last 4 weeks. The volume of CGEO shares traded was at 0.96% of its capitalization.

1754305072

TBC To Pay quarterly dividend of GEL 1.75 per

1754648482 • Finance

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Politics

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British Ambassador: UK continues to call on Russia to respect August 2...

According to the ambassador, the United Kingdom continues to call on Russia to respect the August 2008 ceasefire agreement.“Our support for Georgia’s sovereignty and territorial integrity remains unwavering. This August marks one year since I began my duties as Her Majesty’s Ambassador to Georgia. During this period, I visited the village of Ergneti, which is located near the administrative boundary line with South Ossetia, and also visited the Enguri Bridge, which crosses the Rioni River toward Abkhazia. I had the opportunity to speak directly with people affected by the conflict, with Women Ambassadors for Peace who live in villages near the administrative line, as well as with young people from the Gali region. I witnessed firsthand the impact of the war-divided society on people’s daily lives.For more than 30 years, the United Kingdom has worked with Georgia toward peaceful conflict resolution and preventing escalation. The UK wants to see a successful, united Georgia that can freely choose its security partners. We regret Georgia’s government’s criticism of European efforts to restrain Russian aggression in Ukraine and Europe,” Gareth Ward added.It has been 17 years since the 2008 Russo-Georgian War. On August 7, 2008, separatist forces commenced intense shelling of Georgian villages, prompting a response from Georgian forces. The following day, Russian occupation troops entered the region. As a result of Russia’s military aggression against Georgia, 411 people lost their lives, approximately 130,000 citizens became IDPs in their own country, numerous villages were destroyed, and the city of Gori, along with strategic facilities, were heavily bombed. Russia continues to occupy 20 per cent of Georgia’s territory to this day.

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US Embassy: 17 years since Russia's invasion of Georgia. We reaffirm o...

“We stand in solidarity with the Georgian people and reaffirm our unwavering support for Georgia’s sovereignty and territorial integrity,” reads the statement.It has been 17 years since the 2008 Russo-Georgian War. On August 7, 2008, separatist forces commenced intense shelling of Georgian villages, prompting a response from Georgian forces. The following day, Russian occupation troops entered the region. As a result of Russia’s military aggression against Georgia, 411 people lost their lives, approximately 130,000 citizens became IDPs in their own country, numerous villages were destroyed, and the city of Gori, along with strategic facilities, were heavily bombed. Russia continues to occupy 20 per cent of Georgia’s territory to this day.

1754562159

German Embassy: Germany calls on Russia to fully fulfill obligations o...

“The Federal Republic of Germany supports Georgia’s national sovereignty and territorial integrity within its internationally recognized borders. The unilateral recognition of Georgia’s separatist regions of Abkhazia and South Ossetia by the Russian Federation and other states is unacceptable. Germany calls on Russia to fully fulfill the obligations outlined in the August 12 and September 8, 2008 agreements,” reads the statement.It has been 17 years since the 2008 Russo-Georgian War. On August 7, 2008, separatist forces commenced intense shelling of Georgian villages, prompting a response from Georgian forces. The following day, Russian occupation troops entered the region. As a result of Russia’s military aggression against Georgia, 411 people lost their lives, approximately 130,000 citizens became IDPs in their own country, numerous villages were destroyed, and the city of Gori, along with strategic facilities, were heavily bombed. Russia continues to occupy 20 per cent of Georgia’s territory to this day.

1754561893

EU Spokesperson: EU calls on Georgian government to release Mzia Amagl...

According to the statement, the EU calls on the Georgian authorities to “release Mzia Amaglobeli, as well as those unjustly detained.”“Media freedom and the right to freedom of expression are cornerstones of any democratic society. Journalists must be able to carry out their vital work without fear of persecution or undue restraint. The actions of the authorities targeting and silencing independent media undermine the very foundation of democracy, contradict Georgia’s international obligations and run counter to the European aspirations of the Georgian population.We call on the Georgian authorities to release Mzia Amaglobeli, as well as those unjustly detained, and to uphold and ensure the right to a fair trial, as a fundamental principle of justice and a key pillar of democratic governance.The EU stands with the Georgian people and their European aspirations and remains steadfast in its commitment to support civil society and independent media,” reads the statement released by the EU Delegation to Georgia.Batumi City Court sentenced Mzia Amaglobeli, founder of the Batumelebi and Netgazeti media outlets, to two years in prison.

1754388955

We need the MEGOBARI Act! - Joe Wilson

"For 250 consecutive days, the brave Georgian people have protested against the anti-American Georgian Dream regime. They demand an end to this regime’s total sellout of their country to Communist China, the terrorist regime in Tehran, and war criminal Putin. We need MEGOBARI!” writes Joe Wilson. For 250 consecutive days, the brave Georgian people have protested against the anti-American Georgian Dream regime. They demand an end to this regime’s total sellout of their country to Communist China, the terrorist regime in Tehran, and war criminal Putin. We need MEGOBARI! — Joe Wilson (@RepJoeWilson) August 4, 2025 In the process of protesting the results of the parliamentary elections of October 26, 2024, people began to take to the streets en masse after the Georgian Dream removed the issue of EU accession negotiations from the agenda for 4 years, until the end of 2028.More than 250 days have passed since then. Protests on the streets of Tbilisi and several major cities in Georgia have not yet subsided.Protesters accuse the government of stalling the European integration process and, along with new parliamentary elections, demand the release of political prisoners.