Finance

10,000 GEL was imposed on the country's main pawnshop for incorrectly informing the financial monitoring of transactions.12,000 - for deceiving the NBG. The requested information was incorrectly provided to the supervisor in 6 cases.30,000 GEL was issued for failure to comply with the requirements for recording transactions with 3 clients. Operations were not carried out in the electronic system.5 clients violated the requirements of the anti-money laundering legislation on monitoring business relationships, which is subject to a sanction of 30,000 GEL.No preventive measures were taken on these 5 clients. Their activities are unstudied.The largest player in the M/O market is the pawnshop. The main product of MFO "Rico"'s credit line is a pawn loan, although management believes that this does not detract from the financial institution. It is the most reliable in the MFO market.

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Commercial Banks’ Net Profit Up By 20%

As of June (01.06.1026), the Russian bank's subsidiaries VTB (26 million), Silk (11.3 million), digital Hash Bank (4.9 million) and Paysera (0.956 million) have been sanctioned for losses.

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Nino Jeladze Held a Meeting ADB Representatives

During the meeting, the parties discussed the current state of Georgia's economy and its macroeconomic prospects. Focus was placed on the risks associated with the ongoing developments in the Middle East and their potential impact on the Georgian economy. Additionally, they reviewed the resilience and development trends of the banking sector, the supervisory framework, the digital transformation of the financial sector, and cybersecurity matters.Nino Jeladze underscored the significant role of the ADB in terms of providing financing and sharing expertise. She also noted that despite the increased uncertainty against the backdrop of current geopolitical events, Georgia's financial system maintains its resilience and continues to seamlessly provide credit to the economy. Banks maintain sound capital and liquidity indicators, while credit losses remain at historically low levels. At the same time, credit activity is at a sustainable level, amounting to 14.1% as of April 2026.The meeting was held in the format of an exchange of information and experience, with both sides reaffirming their commitment to further cooperation in the future.

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NBG made record net foreign exchange purchases

International foreign exchange reserves are a vital guarantor of the country’s macroeconomic stability. Consequently, the NBG remains consistently focused on accumulating reserves, a commitment backed by the bank’s stated policy. Whenever market conditions allow, the central bank acts to bolster the country’s international reserves.Specifically, through interventions executed on the Bmatch platform in May, the NBG boosted its foreign exchange reserves by USD 632.9 million. This brings the total net purchases for the January–May 2026 period to USD 1,465.8 million.“According to the National Bank of Georgia, the central bank’s foreign exchange interventions in 2026 are broken down as follows: January: Net purchase of $86.6 million via Bmatch; February: Net purchase of $429.3 million via Bmatch; March: Net sale of $16.2 million via Bmatch; April: Net purchase of $333.3 million via Bmatch; May: Net purchase of $632.9 million via Bmatch. The National Bank of Georgia will publish its next updated data on foreign exchange market operations on July 27, 2026,” the NBG statement reads.

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Share prices of Georgian companies on the LSE went in different direct...

Lion Finance Group (BGEO LN) shares closed at GBP 114.40/share (+3.53% w/w and +5.44% m/m). More than 331k shares traded in the range of GBP 110.50 - 115.90/share. Average daily traded volume was 55k in the last 4 weeks. The volume of BGEO shares traded was at 0.77% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 45.30/share (-0.04% w/w and +1.34% m/m). More than 418k shares changed hands in the range of GBP 44.50 - 46.80/share. Average daily traded volume was 68k in the last 4 weeks. The volume of TBCG shares traded was at 0.75% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 41.70/share (-1.53% w/w and +2.96% m/m). More than 285k shares traded in the range of GBP 40.10 - 43.20/share. Average daily traded volume was 53k in the last 4 weeks. The volume of CGEO shares traded was at 0.83% of its capitalization.

1782126604

Expectations for a 20-30% salary increase have disappeared

According to the May report of the National Bank of Georgia, according to market participants, inflation expectations for a one-year period increased in May 2026 compared to April.The share of respondents who expect price changes in the range of 6%-8% and >8% has increased.The contingent that expects price increases in the range of 0%-2%, 2%-4% and 4%-6% has decreased. According to the same survey, inflation expectations for a three-year period increased in May of this year compared to April. On the one hand, the number of participants who expect price changes in the range of more than 8% and in the range of 6%-8% over the next three years has increased. On the other hand, compared to the previous month, the number of participants who expect price increases in the range of 4%-6% has decreased. According to respondents, expectations of price increases for their own products/services over the next 1 year have decreased. In particular, the number of respondents who expect prices to decrease by more than 8% over the next 1 year, in the range of 4%-6% and 0%-2%, has decreased. Meanwhile, the number of respondents who expect prices for their own products/services to change in the range of 2%-4% or to remain unchanged (0%) has increased. According to the same survey, expectations for wage increases decreased in May compared to April. In particular, the number of respondents who expect wages to change in the range of 20%-30% has decreased. The number of respondents who expect wages to remain unchanged (0%) has also decreased. On the other hand, the number of respondents who expect a salary increase in the range of 0%-10% has increased. According to the respondents, the efficiency of the use of resources required for production in the company in May (the actual use of the company's resources compared to the maximum use) decreased compared to the previous month.

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Ameriabank places $50 million in securities to replenish capital

The placement was conducted in the domestic market in accordance with local regulations and represents the second tranche of a USD 100 million issuance programme. The first tranche was successfully placed in February 2026.Key details of the Notes are as follows: Denomination: USD, with a face value of USD 10,000 per Note. Minimum Investment: A minimum purchase quantity of five (5) Notes. Term: The Notes are perpetual, with an option for the Bank to call them for early repayment after the fifth year. Coupon: An 8.0% coupon rate, payable semi-annually. Ameriabank CJSC acted as the arranger for the placement. The Notes will be listed on the Armenia Securities Exchange."Following the success of the first tranche, the second tranche of AT1 notes was also fully allocated well ahead of the planned timeline, further demonstrating Ameriabank's strong franchise value and the high level of investor trust in the Bank. The second tranche was placed at a yield to maturity (YTM) 50 basis points lower than the first tranche, reflecting robust investor demand. By further strengthening our capital position, this transaction enhances our financial resilience and provides greater capacity to support our growth”, - Hovhannes Toroyan, Ameriabank's CFO, commented.“This second AT1 issuance at a lower coupon rate underscores the market's confidence in Ameriabank's credit fundamentals and capital strength. The transaction enhances our financial flexibility and supports sustained growth across the Armenian market. I would like to thank the Ameriabank team for their excellent execution of this transaction”, - Giorgi Shagidze, Group CFO said.

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20% MRR does not threaten larization

From May 19, the deadline for submitting the calculation of minimum reserves to the National Bank of Georgia has become June 18.According to central and commercial bankers, the reduction, which frees up $250 million for the sector, will not affect loans.It will potentially be transferred to deposits, although given the high deposit margins, it does not pose a risk of slowing the pace of larization.Moreover, the norm increased to 25% was already temporary, as it was announced when it was introduced (the purpose - to contain dollarization before the elections).According to the National Bank of Georgia statistics, as of June (01.06.2026), banks have 6.8 billion lari in deposits at the National Bank, of which 5.6 billion lari are required reserves.

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TBC Receives International Recognition for Its Gender Equality and Lea...

The award honors organizations that systematically integrate gender balance, diversity, and leadership into their corporate strategies and ensure effective implementation across all levels of the organization.It aims to highlight best practices in companies where equality and diversity are recognized as key drivers of business growth and effective management, and where progress is guided by data, accountability, and a long-term strategic vision.“International recognition once again underscores that promoting gender equality and diversity is an integral part of TBC’s strategy. Our ESG strategy clearly defines the key priorities and areas of focus in sustainability and is reinforced by comprehensive policies and procedures, including the Human Rights Policy and the Diversity, Equality and Inclusion Policy. We are committed to fostering a healthy and equitable workplace where every employee is empowered to reach their full potential. We believe that diverse teams are fundamental to building an innovative and sustainably growing organization”, - Maka Bochorishvili, ESG Coordinator at TBC.The “Balance in Business Awards” competition, established in 2018 by INSEAD Alumni, promotes awareness of the importance of gender balance and diversity in business, while encouraging the exchange of practical tools and best practices among organizations.Each year, the initiative brings together leading companies demonstrating excellence in advancing gender balance, recognizing their progress, strategic vision, and results-driven initiatives.

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Nino Jeladze Participates in Central Banking Annual Meetings in London

The panel also featured Aleš Michl, Governor of the Czech National Bank, and Zoltán Kurali, Deputy Governor of the Central Bank of Hungary.During the session, the panelists examined the impact of geopolitical developments on central bank operations, monetary policy implementation, and international reserve management. Key focal points included reserve diversification strategies, emerging trends in stablecoins and Central Bank Digital Currencies (CBDCs), as well as the opportunities and challenges associated with the deployment of Artificial Intelligence (AI).As part of her working visit to London, Vice-Governor Jeladze also held bilateral meetings with representatives from various European central banks. Discussions centered on opportunities to enhance professional cooperation across central banks, current challenges in banking supervision and regulatory frameworks, and the practical application of emerging technologies, notably AI.The Central Banking Annual Meetings convene representatives from central banks, international financial institutions, and the broader financial sector. The event stands as a premier international platform for exchanging professional expertise and deliberating on pressing industry topics.

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Commercial Banks’ Net Profit Up By 20%

1782391417 • Finance

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Remittances from China increased by 3,000%

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Politics

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Former senior officials of the Regulatory Agency exposed in the GEL 53...

As a result of more than 1,000 investigative actions conducted in the case, 17 members of the organized group have been detained at this stage, and 3 individuals who are in hiding will be declared wanted. In addition, charges have been brought against 11 individuals who are cooperating with the investigation, and criminal prosecution has been initiated against 24 legal entities.According to the agency, former high-ranking officials of the Medical and Pharmaceutical Regulatory Agency are among the accused. They have been abusing their personal interests and official position to facilitate the functioning of the criminal scheme for years.The investigation revealed that a large-scale network of so-called “pharmacy drug trafficking” operated in the country in 2018–2025, and the process was organized by the heads of companies importing psychotropic drugs. To cover up the crime, the drugs were documented in the names of fictitious pharmaceutical companies, but in reality, without any prescriptions or permits, they were sold at high prices throughout the country in facilities that did not even have the status of pharmacies.It has been established that the income from illegal trade amounted to 53,833,723 GEL. In order to legalize the funds, a significant part of the criminal income was recorded in the form of salaries and dividends, after which the defendants acquired a large amount of real estate and movable property. The mentioned assets have been fully seized, from which the damage caused to the state will be compensated in the future.According to the statement of the Deputy Head of the Investigation Service, Guga Tavberidze, the investigation is underway under Articles 192 and 194 of the Criminal Code of Georgia, which provides for imprisonment for a term of 9 to 11 years. The agency warns all individuals and legal entities operating in the field that the state will be particularly strict towards such crimes, which damage the budget and endanger the lives of citizens.The mentioned large-scale event was carried out by the Investigation Service under the supervision of the Prosecutor's Office of Georgia, as well as with the support of the Ministry of Internal Affairs, the State Security Service and the Revenue Service.

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State Audit Office to Inspect Communications Commission and State Audi...

The need for legislative amendments arose after the decision taken in December 2025 transferred the functions of the Personal Data Protection Service and the Anti-Corruption Bureau to the State Audit Office from March 2026.According to the rapporteur of the draft law, First Deputy Chairman of the Finance and Budget Committee, Irakli Kheladze, the main novelty is the subordination of the regulatory commissions - the Communications Commission and the State Commission for Electronic Communications, which were not subject to inspection until now - to the Audit Service. Their audit will be carried out on a similar principle to the National Bank, which means that the agency will only inspect administrative and capital expenditures and will not interfere in the substantive decisions of the regulators.Within the framework of the reform, auditors are also granted exceptional powers, which will allow them to request information related to state procurement directly from private individuals participating in tenders. In addition, in order to speed up operational work, the Audit Service will receive direct access to the electronic databases of other administrative bodies based on memoranda.At the same time, sanctions are being tightened, and the amount of the fine for failure to provide documentation or submitting false information to the agency is increasing from the current 1,000 GEL to 5,000 GEL. The draft law also specifies that financial compliance and efficiency audits include control of both ongoing and already implemented activities.From a structural point of view, the law adds a new position - the Secretary of Public Relations. He ensures coordination and communication with other agencies under the instructions of the Auditor General, although the addition of this position does not require additional financial expenses from the budget.

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Kobakhidze: Our main task is to completely neutralize the collective “...

Speaking to journalists, the Prime Minister reviewed the current situation in the opposition and noted that the weakening of opposition parties and the destruction of political power will have a positive impact on the country’s democratic environment and political system.According to Kobakhidze, the disagreements between opposition entities exclude the possibility of gaining public support.The Head of Government emphasized that this trend and voter sentiment were clearly reflected in the 2020, 2021, 2024 and 2025 election cycles, where the opposition failed to achieve the desired results.The Prime Minister assessed the opposition spectrum as an anti-state group and a foreign agent, adding that their structural dismantling is a prerequisite for the country's long-term stability.

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Vučić: Serbia Studies Georgia’s “Unprecedented” Economic Growth in Eur...

Speaking at a joint press conference with Prime Minister Irakli Kobakhidze, Vučić noted that Georgia’s 9.3% first-quarter economic growth stands out compared to European countries. He said such performance would be “extraordinary even in Western Europe” and highlighted Georgia’s progress since 2012.The Serbian president also pointed to sectoral developments, including strong growth in tourism and a reported 12% increase in construction activity. He said Serbia is analyzing Georgia’s economic data to identify areas for potential policy lessons.Vučić emphasized the “brotherly” ties between the two countries, rooted in shared Orthodox traditions, and met with the acting head of the Georgian Orthodox Church during his visit, marking his first official trip to Georgia.

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Georgia and Serbia are preparing to sign a free trade agreement

Kobakhidze also paid special attention to the trade and economic potential and welcomed the active work on the free trade agreement between the two countries.“We have made great progress in this process, only a few issues remain to be agreed upon, after which both sides will be ready to sign the free trade agreement. This agreement will create new opportunities for business, contribute to the growth of trade turnover and attraction of investments,” the Prime Minister noted.The Head of Government also stressed the need to develop transport and logistics ties. According to him, Georgia, as an integral part of the “middle corridor”, is ready to deepen its partnership with Serbia in order to fully utilize the transit potential between Europe and Asia.In addition to the economic agenda, the parties discussed regional security and the principles of sovereignty. Irakli Kobakhidze thanked Aleksandar Vučić for his firm support for Georgia’s territorial integrity and reaffirmed that Georgia also unwaveringly supports the sovereignty of the Republic of Serbia.The Prime Minister called Serbia’s decision to open an embassy in Tbilisi an extremely important step, adding that this diplomatic mission will further strengthen the political dialogue between the two countries.