The initiative prepared by the Ministry of Health aims to alleviate the financial burden that citizens have incurred due to late provision of information or administrative errors. According to current regulations, the basis for the termination of a pension or allowance is the person’s commencement of work in the public service, imprisonment or death, although in many cases this information was provided to the agencies with a delay, which led to overpayment of amounts.The amnesty will affect several thousand beneficiaries in total. In particular, 1,685 pensioners or heirs of the deceased will benefit from the benefit in the area of ​​overpaid pensions, as a result of which 1,213,804 GEL to be returned to the state budget will be written off. In the area of ​​state compensations, the decision will affect 252 people, including those against whom a court dispute was ongoing.The largest financial benefit will apply to those receiving subsistence allowances. According to the Social Service Agency, 1,444 families will have their debts of 2,653,678 GEL forgiven. In addition, 304 people receiving a social package will be relieved of their obligation to return 130,500 GEL.According to the government, this humanitarian act will eliminate legal debts that have accumulated over the years due to systemic flaws and have had a severe impact on the financial situation of socially vulnerable groups.

1777460870

Lion Finance Group (BGEO LN) shares closed at GBP 110.40/share (-4.83% w/w and +17.07% m/m). More than 235k shares traded in the range of GBP 110.10 - 116.20/share. Average daily traded volume was 72k 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 48.70/share (-5.98% w/w and +17.63% m/m). More than 139k shares changed hands in the range of GBP 48.60 - 51.20/share. Average daily traded volume was 64k in the last 4 weeks. The volume of TBCG shares traded was at 0.25% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 40.65/share (-0.37% w/w and +14.03% m/m). More than 421k shares traded in the range of GBP 40.10 - 41.90/share. Average daily traded volume was 65k in the last 4 weeks. The volume of CGEO shares traded was at 1.22% of its capitalization. 

1777371260

The issuer does not have a credit rating. The prospectus mentions various assumptions. There is a possibility that the securities will be purchased by one of the large banks, TBC Bank, which is affiliated with the placement agent (a direct subsidiary of JSC “TBC Bank”).In addition, the corporate lending direction (which, along with issuing corporate loans, includes investing in bonds) has a common management.() The placement agent is required by law to treat JSC "TBC Bank" as well as all investors equally;() During book-building (formation of the final interest rate), in case of interest in purchasing more than the amount specified in the prospectus, the application is satisfied proportionally or otherwise, the decision is made by the issuer itself, not the agent.The total issuance program is up to $20,000,000. The currency will be specified in the "Preliminary Offering Terms Document" for each issue. It may be Euro or US Dollar, issued as coupon bonds.Coupon payment is determined with different frequencies: a) monthly; b) quarterly; c) Semi-annual. Maturity: 1) 1 year; 2) 2 years; 3) 3 years; 4) 4 years; 5) 5 years.Issuer - Hotel Complex Lopota has been on the market since 2008. Until 2016, it was a family hotel (Lake Resort). It has been operating under the name of LLC "Lopota" since 03/2017.

1777370866

As of April (Q1/2026), banks' credit investments amounted to 75.2 billion GEL. Annual growth +14.9% ( L/m - +14.2%Y.Y). 75% of investments – GEL 56.4 billion are accounted for by 2 large banks (BOG, TBC).Out of 19 entities operating in the market (including 2 micro and 3 digital banks), 96% of total investments or 72.2 billion GEL account for 8 banks, of which the share of 2 systemic banks is 78%.According to the quarterly report of the National Bank of Georgia, lending to resident legal entities is 33.08 billion GEL. Of which 64% - 21.04 billion GEL equivalent issued in foreign currency.As of 01.04.2026, the retail portfolio of banks increased by 16.5% annually, to 37.8 billion GEL (L/Y - 32.5 billion; +15.5%).The larization ratio of total loans is 57.5% (Q1/2025 - 56.9%).

1777370626

TBC Georgia, the country’s leading financial services group, was crowned the Most Innovative Bank in Central and Eastern Europe, thanks to the range of first-of-its-kind products that it brought to market throughout 2025.  These innovations, which include instant retail and business banking onboarding, as well as the development of its internal AI assistant Genie, are powered by the Bank’s innovation engine. This engine brings together cross-functional teams to innovate at pace and launch new features quickly.TBC Georgia was also recognised as one of the winners in the Top Financial Innovation category for Central and Eastern Europe. This Award was given for the Bank’s development of its AI Mini & Micro Loan Issuance Assistant, which uses AI to automate the loan issuance process for small-scale lending, replacing a previously manual process and significantly decreasing time to loan disbursement.TBC Uzbekistan, Central Asia’s leading digital financial ecosystem, was also recognised as one of the winners in the Top Financial Innovation category for Asia-Pacific for developing Lola, Central Asia’s first AI banking assistant. Inspired by Generative AI chatbots and underpinned by TBC Uzbekistan’s proprietary Uzbek-language LLMs and Speech Tech, Lola functions as a text and later voice-based “private banker in your pocket”, transforming the customer experience through a new approach that brings conversational and relationship banking to a digital interface by giving customers transactional as well as informational support.“Across both our markets, we pride ourselves on our ability to bring new technological solutions that improve financial services and make our customers’ lives easier. This commitment to technological excellence has been part of our DNA for over 30 years. We continue to push the boundaries of what’s possible in this market, as well as in Uzbekistan, where we launched our fast-growing digital banking ecosystem in 2020. This recognition by Global Finance stands as testament to our ongoing tech leadership across Eurasia, as we continue to shape the future of finance in the region”, - Vakhtang Butskhrikidze, CEO of TBC Group, commented.The Innovators Awards by Global Finance have been one of the industry’s key benchmarks for over a decade, highlighting the banks and financial institutions leading the way in technological development and bringing new solutions that shape the future of the global banking sector.

1776860999

According to the bank, transactions in any currency on international platforms have become profitable for Silk users.Silk Bank card (debit) purchases are returned 1% (Apple Pay) and 0.5% (Google Pay).According to TBC and the Bank of Georgia, TBC, Bank of Georgia and Liberty have imposed a commission on payments in GEL (GEL) with a debit card in international channels (from April 15).Liberty's new owner, Basisbank, is not increasing the commission for Basis's clients, but it is not canceling Liberty's customers either.As you know, the Chinese Hualing Group acquired Liberty's assets with a secured loan (according to widespread information, TBC credited it). However, the merger process has not yet begun.When paying with a debit card through international e-commerce or/at a POS terminal, a 1.5% commission applies only to GEL (max: GEL 10). When choosing a foreign currency for payment (USD, EUR, GBP ...), the commission is 0%. The change applies to the most popular sites (Pinduoduo; Temu; Shein ...), including WizzAirIn the case of a refund, the commission is not refundable.

1776766738

In 1Q26, the share of the EU countries in the revenue from international travel was determined by 17% and amounted to $140.7 million - an increase of 36.4% compared to the same period of the previous year.According to the NBG’s statistics, revenues from Turkey and Ukraine increased by 12.2% and 34.2% annually and, respectively, amounted to $120.1 and $45.3 million. Amid the war in the Middle East, travel revenues from Israel have decreased by 13.4% year-on-year to $98.9 million.Revenues from Russia are characterized by a downward trend - in 1Q26, travel revenues from Russia to Georgia decreased by 12.3%.Georgia's travel revenues by country in 1Q26 are distributed as follows:

1776766599

To accelerate the growth of unsecured consumer lending, we renewed the end-to-end digital journey across all unsecured products, reducing time-to-cash from 5 minutes to less than 2 minutes and cutting drop-off rates from 7% to 4%.In addition, for FCLs, we introduced dynamic credit limits, which automatically update customers’ available limits based on their latest profiles, which resulted in generating on average GEL 13 million in incremental disbursements per month. We also implemented an NPV-based loan pricing model, ensuring more disciplined pricing decisions and optimised risk-adjusted returns. As a result, the share of FCLs, our major product in this category, issued digitally increased by 2pp and reached 70% by the end of the year.TBC also fully digitalised its credit card offering in 4Q 2025, which had previously been available exclusively through physical channels. Consequently, the digitalisation rate of credit cards reached 42% by the end of the year. At the same time, the digitalisation rate for buy now, pay later (BNPL) and Installments products stood at 95%. The demand for BNPL/Installments increased by 96% year-on-year, accounting for almost 50% of all digital loan applications on the market, becoming a powerful customer acquisition tool.Overall, our unsecured-lending customer base grew by 9% in 2025, amounting to 465,000 customers with 83% of all loans issued digitally.As part of its multi-licence strategy, TBC Uzbekistan also advanced its microfinance capabilities. TBC Credit received its microfinance licence earlier in 2025, completed the development of its lending platform, and began issuing loans in August 2025. TBC Uzbekistan also completed the setup of TBC BNPL, a dedicated company that will accelerate the expansion of the buy-now-pay-later business from 2026 onwards.

1776766325

The share of pawnshops in the total number of loans issued by the sector is 92%.Accordingly, only 8% is distributed between consumer and micro lending.At the moment, 29 MFOs remain on the market, with a loan portfolio of more than 2 billion GEL, of which more than 45% comes from the country's main pawnshop "Rico".The part of MFOs that finance real business, in the TOP - 6, does not consider it appropriate to group them with pawnshops, but this is an established practice and the media also follows it.However, to clarify that MFO Swiss Capital (SCAPP) and MFO Lazika Capital have a different ambition and, accordingly, a different business model from "pawnshop MFOs". They follow the chosen path systematically, despite internal and external challenges.Internal, mainly concerns regulations, and adaptation slows down the development process. However, according to market participants, this does not mean that it is better to operate without regulation for acceleration.External, in accordance with geopolitical risks, is related to a change in the mood of covenants, whether inspired from within the country or outside it. When an investor, fund, international financial organization, various donors, face a dilemma whether to finance a credit organization or pause it for a certain period.Increased risk means pause, and pause means a delay in access to credit resources. Accordingly, the passivity of the subject in the lending market and less money in the agricultural, tourist, processing, service and other entrepreneurial or service-providing sectors.

1776684276

In 2025, TBC Bank advanced to the next stage of its data and AI transformation, transitioning from experimentation to large-scale impact through several key initiatives. GenAI-powered chatbots, launched in the third quarter of 2025, now handle over 100,000 interactions per month with a 50% offloading rate. Internally, more than 70 workflows, from document processing to reporting, are already automated or AI-assisted.In addition, TBC Bank Group deployed eight RAG-based (Retrieval-Augmented Generation) knowledge bases, which offer instant access to verified institutional knowledge across key functions, including risk, legal, operations, and HR.“Together, these advancements demonstrate how data and AI capabilities are now deeply embedded in TBC Bank’s operating model, delivering tangible impact across customer experience, efficiency, and decision making”, - TBC PLC declares.In addition, TBC further strengthened its cybersecurity capabilities to support resilient digital growth and expansion. Development teams were empowered through secure coding trainings, promoting a culture of secure-by-design engineering. The group-level Security Operations Centre capabilities were enhanced with advanced threat intelligence, enabling faster detection and response to emerging threats.

1776684006