Specifically, he was granted 27,783 ordinary shares, which management typically receives as salary or as a bonus.Specifically, ordinary shares are granted to managers as deferred shares under a compensation scheme that they have the option to cash out over several years, according to their contracts. In addition to share-based compensation, management also receives shares as bonuses.Among them, Kurdiani was granted shares twice in 2025 - once in March with 14,052 shares as compensation, and at the end of the same month with 40,227 shares under the Long-Term Incentive Plan (LTIP) for work performed in 2022-2024.This year, Kurdiani received 1,109 shares of TBC PLC for work performed in 2025.
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As a result of this latest purchase, the share of monetary gold within the National Bank of Georgia’s international reserves will reach 15.5%. This reflects a broader upward trend in the country’s international reserves, which have reached a historic high of USD 7.0 billion, equivalent to 114.8% of the International Monetary Fund’s Assessing Reserve Adequacy (ARA) metric.According to the National Bank of Georgia, the decision is part of the National Bank’s long-term international reserve management strategy, aimed at further diversifying its reserve assets, enhancing stability, and safeguarding the reserves against inflationary risks. Monetary gold is a widely recognised reserve asset among global central banks, serving to reduce overall portfolio risk and enhance resilience against geopolitical shocks.The National Bank will continue to manage its international reserves in strict accordance with the principles of safety, liquidity, and profitability. As these reserves continue to grow, the NBG remains receptive to additional diversification opportunities, with future decisions informed by long-term strategic objectives and international best practices.Notably, robust macroeconomic fundamentals enabled the central bank to replenish its international reserves throughout 2025. Last year, the NBG purchased USD 2.4 billion, increasing its reserves to USD 6.16 billion by year’s end. By February 2026, reserves had then reached a historic high of USD 6.65 billion.This move aligns with broader global trends, as the world’s central banks continue their longstanding practice of accumulating gold. In the first quarter of 2026 alone, central banks purchased over 970 tonnes of gold, nearly 80% of the total volume acquired throughout 2025 (1,235 tonnes). Total central bank purchases have consistently exceeded the 1,000-tonne mark for four consecutive years (2022–2025).Furthermore, central bank demand remains largely inelastic to fluctuations in the gold price, effectively providing a stable floor for its market value. The ongoing conflict in Ukraine, escalation in the Middle East, U.S.-China trade tensions, and the U.S.-Iran conflict that erupted in February 2026 have all consistently driven and reinforced a structural risk premium in gold prices, cementing its value as a premier safe-haven asset.
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In addition, as of May 31, 2026, 32,302 people have already benefited from the accumulated pension, to whom a total of GEL 160.6 million was issued as pensions.The positive result of the Pension Fund portfolios in May was mainly due to the high profitability of international stocks. The main factor behind the stock’s rise was renewed investor optimism about artificial intelligence, which was reflected in the global semiconductor, memory chip and technology companies’ share prices.The dynamic portfolio recorded the highest return of 2.49% last month, which is explained by its higher share of international stocks. The balanced and conservative portfolios, on the other hand, returned 1.99% and 1.29%, respectively.Year-to-date (YTD) returns for all three portfolios remain positive:• Dynamic Portfolio: 8.99%• Balanced Portfolio: 7.45%• Conservative Portfolio: 5.91%The Dynamic Portfolio also leads in terms of year-to-date returns, with an annualized return of 15.51%. The Balanced and Conservative portfolios have returned 13.90% and 10.40%, respectively.
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The buyer, registered in the United Arab Emirates, will receive a 100% stake in OLX’s operator, OLX Classifieds LLC.When considering the application, the regulator took into account that TBC Bank Group already owns digital bank and payment service Payme in Uzbekistan. Since both OLX and Payme hold a dominant position in the market, the committee imposed several mandatory conditions to protect consumer interests and competition.In particular, the new owners are prohibited from exerting undue influence on the terms of use of OLX through other products of the group, as well as using the commercial data of competitors in order to limit their activities.In addition, the company will not have the right to force OLX users to use only Payme or TBC Bank services for payments. It will be obliged to ensure equal conditions for all competing payment systems.The regulator determined that if the above requirements are met, the transaction will not create monopoly risks, since the buyer was not previously represented in the country's online advertising market.For reference, OLX was recently officially recognized as an operator with a dominant position in the Uzbek market.It should be noted that the group announced the acquisition of OLX back in August last year, although the plan at that time was to buy a controlling stake in OLX Uzbekistan from TBC PLC, which in turn was to be acquired from the online classifieds platform OLX Group and which represents the classifieds business of Prosus.To acquire OLX UZ last year, TBC Bank Group created a joint venture (JV) with Titan Investments - an international investment holding company supported by leading international institutional investors, investment funds and a sovereign wealth fund from the Middle East. The joint venture will acquire 100% of OLX Uzbekistan, where TBC Bank Group owns 50% + 1 share, and Titan Investments owns the remaining share.As a result of the agreement signed with Prosus last year, TBC Uzbekistan will have access to new customer segments through OLX UZ, the 6th most popular website in Uzbekistan. OLX Uzbekistan has 5.4 million monthly active users and 2.2 million active ads, making it a leader in the services, goods, cars and real estate segments, serving more than 20% of the country's Internet users.
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TBC Bank Group PLC ("TBC PLC") today announces that the Georgian Lari to Pound Sterling exchange rate that will apply to the final dividend payment for 2025 will be 3.5857, being the average exchange rate of the National Bank of Georgia for the period of 1-5 June 2026 inclusive (5 days average).As a result, on June 22, TBC PLC will distribute a final dividend of GEL 3.87 per share for 2025. With this amount, the total dividend for 2025 was GEL 8.87 (+10%, y.y), including the aggregate amounts that the Group paid out in quarters.As a reminder, the 1Q26 dividend of 1.75 GEL per share of TBC PLC will be paid on September 11.As of the end of March, the number of ordinary shares of the Group amounted to 55,726,793 units.
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Lion Finance Group (BGEO LN) shares closed at GBP 105.50/share (-5.04% w/w and -2.85% m/m). More than 258k shares traded in the range of GBP 105.50 - 111.10/share. Average daily traded volume was 59k in the last 4 weeks. The volume of BGEO shares traded was at 0.60% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 43.78/share (-2.75% w/w and -6.89% m/m). More than 393k shares changed hands in the range of GBP 43.00 - 45.34/share. Average daily traded volume was 72k in the last 4 weeks. The volume of TBCG shares traded was at 0.71% of its capitalizationGeorgia Capital (CGEO LN) shares closed at GBP 39.70/share (-5.59% w/w and +3.66% m/m). More than 176k shares traded in the range of GBP 39.30 - 42.40/share. Average daily traded volume was 67k in the last 4 weeks. The volume of CGEO shares traded was at 0.51% of its capitalization.
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Foreign exchange reserves increased by $ 531 million in May and as of 01.06.2026, they exceed 100% of the so-called ARA metric of the IMF, at 114.8%.The NBG constantly notes that reserves are a guarantee of the country's macroeconomic stability. Therefore, the long-term policy of the central bank is always aimed at accumulating reserves. When the market and macroeconomic situation allow.Net purchases of the NBG in January-April amounted to 833 million USD. May statistics will be published on June 25.The National Bank of Georgia notes the strategic decision of 03/2024 to invest in gold. As of May of this year, as a result of the change in the price of gold, the value of monetary gold has increased by 543.2 million from the moment of its acquisition. The share is 14.9% ($1,043.2 billion).
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The Bank of Georgia, on behalf of global giant BNY (The Bank of New York Mellon Corporation), provided custody of Uzbek shares in the settlement infrastructure, which was a necessary condition for the development of the Global Depository Receipts (GDR) program.The partnership was made possible after the Bank of Georgia became the first foreign financial institution to join the Uzbek capital market’s “regulatory sandbox” and receive the status of a foreign nominal holder. This status allows the bank to manage securities accounts in both local and foreign currencies without an additional license.In parallel with operating in the government securities market, the Bank of Georgia is also expanding its custody services for corporate shares and bonds in Uzbekistan, thereby facilitating access to emerging markets for international investors.
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The shares were cancelled on May 28, and by that time the Group had no shares remaining in its treasury, and the number of ordinary shares with voting rights amounted to 43,187,929.The Group announced a share buyback and cancellation program worth GEL 55 million on May 7, 2026, which was an extension of the GEL 98.0 million, GEL 51.5 million, and GEL 53.5 million share buyback and cancellation programmes announced on 20 August 2025, 20 November 2025 and 25 February 2026 respectively (the "Buyback Programme").The total number of shares cancelled since the launch of the Buyback Programme in August 2025 is 675,647.
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Specifically, Kokosadze sold 6,400 shares at an average cost of £109.8, generating an aggregated income of £702,720.The transaction was carried out over-the-counter on June 2.
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Ministry of Finance issues GEL 400 MLN debut securities through syndic...
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Georgia pays the least for wine imported from Moldova – $0.57/1L
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WB approves $372 million financing for Georgia's Middle Corridor
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Bank of Georgia Participates in Uzbekistan’s National Fund’s Historic...
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Business turnover increased by 10.7% - mostly at the expense of the ar...
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