In her speech, Ekaterine Mikabadze focused on the importance of sustainability reporting for the development of the banking sector and capital markets. According to her, at the international level, sustainability reporting is increasingly becoming an important component of corporate governance, effective risk management and informed investment decision-making.“The National Bank of Georgia considers sustainable finance to be one of the important foundations of financial stability and long-term economic sustainability,” said Ekaterine Mikabadze.She also spoke about the reforms and initiatives implemented by the National Bank in the direction of sustainable finance. In particular, the introduction of ESG guidelines, ESG reporting and information disclosure framework for commercial banks, as well as the development of a regulatory framework for green, social, sustainability and sustainability-related bonds.According to Ekaterine Mikabadze, the quality and reliability of information are of particular importance for the development of sustainable finance, and appropriate assurance services contribute to strengthening investor confidence and reducing the risks of so-called “greenwashing”.“We believe that, in parallel with the introduction of sustainability reporting, attention should also be focused on the development and introduction of relevant assurance services in the local market,” said Ekaterine Mikabadze.Head of the Financial Stability Department of the National Bank of Georgia, David Utiashvili, participated in the panel discussion “Benefits and Challenges of Sustainability Reporting” held within the framework of the meeting.Representatives of the Ministry of Finance of Georgia, the Polish Audit Supervision Agency (PANA), the Pension Fund, the World Bank and the private sector also participated in the event. The participants of the meeting discussed the directions of development of sustainability reporting in Georgia and the importance of sharing international practices.

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The event was opened by the First Vice Governor of the National Bank of Georgia, Ekaterine Mikabadze.As part of the meeting, representatives of the NBG introduced students to both the theoretical and practical aspects of the Bank’s activities. The discussions covered topics including monetary policy, financial stability and sustainable finance, capital markets and investments, as well as financial technologies. Students were also introduced to the functions and responsibilities of the NBG, along with internship opportunities offered by the institution. At the end of the meeting, representatives of the NBG answered students’ questions.“Financial education is one of the NBG’s key priorities. We place particular emphasis on educating the younger generation. In this regard, platforms that connect theoretical knowledge acquired at universities with practical economic and business processes are especially important. Today, we introduced up to 40 students to the functioning of the country’s financial system and discussed Georgia’s macroeconomic environment, financial stability, and the challenges facing the region. I would like to thank the Europe Business Association Youth Academy and the students for their strong interest and active engagement,” said Ekaterine Mikabadze.To enhance financial awareness and strengthen interest in economics among young people, the National Bank of Georgia actively implements educational projects and information campaigns.

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It is planned to issue up to $10 million in 2-year bonds, with a fixed rate of 8%-8.5%.Nutrimax has been on the market since 2009. Its partner is the Dutch Trouw Nutrition. It owns a feed mill for farm animals and poultry (annual capacity 84,000 tons). Since 08/2021, it has been represented by the subsidiary "Nutrimax Petfood", which owns an extruded feed mill for companion animals (dogs and cats), as well as fish (capacity 24,000 tons).Nutrimax also operates in neighboring countries (Armenia, Azerbaijan, Kazakhstan, Uzbekistan, Moldova).Product Range Nutrimax's business lines are divided into 2 main categories:

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According to the NBG statistics, as of Q1/2026, 8% of loans issued to cafes and restaurants are problematic in USD (L/Y - 6.3%) and 3.4% in GEL (L/Y - 4.6%).The share of non-performing loans in GEL and also in EUR has decreased. However, the decrease in the eurozone currency is at the expense of a decrease in Euro lending.Out of the billion GEL loans issued by banks in GEL, USD and EUR to cafes and restaurants, more than 54 million remain problematic.Of the loans denominated in USD, the equivalent of 16.6 million GEL is problematic.

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Sandro Rtveladze joins the team with significant international experience, which will further strengthen TBC’s strategic direction - retail business management and contribute to creating a stronger customer experience.Sandro joined TBC from the position of an executive at OTP, one of Europe’s leading business groups. Today, he is the General Director of OTP Uzbekistan (Ipoteka Bank), which is among the top 5 banks in the local market. Sandro has a long-standing successful career, both in Georgia and abroad. In Georgia, he worked at Liberty Bank, where in recent years he held the position of Deputy General Director for Retail Business. Then he continued his career internationally and worked at the African bank Bayport, where, by implementing digital processes, he achieved a large-scale increase in retail lending. After Africa, he joined OTP Group, one of the largest banking groups in Central and Eastern Europe, with total assets of 113.6 billion euros at the end of 2025.“Sandro will significantly strengthen our team. His international experience is unique in creating added value for TBC customers”, - Giorgi Tkhelidze, General Director of TBC Bank.

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“We are delighted to welcome Sandro back to the Group. He brings a combination of deep retail banking expertise and strong execution capabilities across multiple markets. I am confident that his leadership will further strengthen our retail banking in Georgia,” Butskhrikidze said.“Sandro is a highly respected banking executive with a strong track record of delivering growth, innovation and operational excellence. His extensive experience across retail makes him well positioned to lead the next stage of development of our retail banking business,” said Tkhelidze on Rtveladze’s return.As a reminder, Sandro Rtveladze is appointed as Deputy CEO, Retail Banking of JSC TBC Bank, subject to the approval of the National Bank of Georgia, and will join the Bank with effect from 6 July 2026, or such later date as may be required for the completion of the relevant regulatory approvals. In this role, he will oversee the wide range of products, services and channels serving the Bank's retail customers.Sandro joins JSC TBC Bank from Ipoteka Bank, where, as chairman of the management board, he led the successful turnaround of OTP Group's Uzbek subsidiary. He was previously the CEO of TBC Uzbekistan, the Group's digital bank, and has held senior roles at OTP Bank Russia, Liberty Bank Georgia and Bayport Management Africa, bringing more than a decade of senior management experience in retail and digital banking.With strong Georgian roots and 11 years of extensive international leadership experience, this appointment represents a homecoming and will further strengthen the Bank's growth and transformation agenda.

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According to the regulator, this was one of the largest and most complex financial infrastructure projects since 2009, requiring significant technological updates from commercial banks, microbanks, and the State Treasury.The modernized RTGS system aims to provide faster, safer, and more reliable services for both individuals and businesses, while aligning more closely with international standards. The upgrade also lays the foundation for future innovations, such as an Instant Payments System (IPS) and additional digital services.Built on the global ISO 20022 standard, the new payment infrastructure enhances flexibility, efficiency, and modernization across Georgia’s financial ecosystem. The project was implemented with the support of the World Bank, helping ensure full alignment with international best practices.Recent legislative changes have also expanded access to the NBG’s payment systems, allowing non-bank payment service providers to join once requirements are met-a move expected to boost competition and improve customer services. The National Bank thanked all stakeholders and the system provider Montran for their cooperation in successfully delivering the upgrade.

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Valerian Gabunia, currently serving as Deputy Head of SME Banking Direction, will be promoted to lead the Premium Banking Direction of the Bank with effect from 1 July 2026. Eter Iremadze, Deputy CEO who has overseen the Premium Banking business since 2021, will step down from her role with effect from the same date.“I want to congratulate Valerian on his well-deserved promotion. He is an experienced and results-oriented banker, with a distinguished career in various executive roles across retail and premium banking in Georgia. Having joined our SME team in 2023, he spearheaded a successful organisational transformation of the Medium Enterprise segment. I am confident he will bring fresh insights and continue to drive strong results in his new capacity. At the same time, I want to express my sincere gratitude to Eter for her many years of dedicated service. Her contributions to our organisation have been invaluable, particularly in her oversight of key initiatives and in building the nation’s leading mass affluent franchise”, - Archil Gachechiladze, Bank of Georgia’s CEO, commented.The bank's premium services combine two areas: SOLO Banking and Wealth Management, which is the direction of managing accumulated wealth. Until 2022, Gabunia was the director of the retail direction of the currently sanctioned VTB Bank.

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Lion Finance Group (BGEO LN) shares closed at GBP 108.40/share (-1.72% w/w and -2.87% m/m). More than 291k shares traded in the range of GBP 104.90 - 111.10/share. Average daily traded volume was 55k in the last 4 weeks. The volume of BGEO shares traded was at 0.67% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 45.78/share (- 1.80% w/w and -8.37% m/m). More than 341k shares changed hands in the range of GBP 43.70 - 47.68/share. Average daily traded volume was 49k in the last 4 weeks. The volume of TBCG shares traded was at 0.61% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 40.35/share (+4.13% w/w and -0.49% m/m). More than 561k shares traded in the range of GBP 37.60 - 40.45/share. Average daily traded volume was 75k in the last 4 weeks. The volume of CGEO shares traded was at 1.63% of its capitalization. 

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During the introductory meeting, the parties discussed the existing bilateral relations between Georgia and India, as well as cooperation between the two countries’ central banks.The Governor briefed the Ambassador on the NBG’s ongoing and planned projects. In particular, the parties discussed prospects for cooperation in the areas of payment systems and financial services.The discussion also covered opportunities to further strengthen cooperation between the central banks of Georgia and India in other areas. A Memorandum of Understanding is planned to be signed in the near future. The parties emphasized that the memorandum will further enhance cooperation between the two central banks.The meeting was also attended by Vice Governors of the National Bank of Georgia, Ekaterine Galdava and Nino Jeladze, Head of the Payment Systems Department Natalia Chkhoidze, and Head of the International Relations Department Giorgi Edilashvili.

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