During the same period, residents accounted for 19% of total non-cash hotel spending, while non-residents made up 81%.Breaking it down further, residents’ non-cash hotel spending grew 11% annually, with an average transaction of 196 GEL. Non-residents’ spending surged 38%, with an average transaction of 579 GEL.Non-cash spending in restaurants also rose 34% year-on-year, with the average transaction amounting to 35 GEL. Residents accounted for 70% of restaurant spending, averaging 26 GEL per transaction, reflecting a 24% annual growth.Non-residents’ restaurant spending, on the other hand, jumped 66% compared to last November, with an average transaction of 136 GEL—nearly five times higher than the resident average.The data highlights the continued growth of cashless payments, particularly driven by foreign visitors, in both Georgia’s hospitality and dining sectors.
1767011183
Lion Finance Group (BGEO LN) shares closed at GBP 91.15/share (-1.46% w/w and +4.53% m/m). More than 83k shares traded in the range of GBP 90.85 - 92.60/share. Average daily traded volume was 59k in the last 4 weeks. The volume of BGEO shares traded was at 0.19% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 40.15/share (-0.62% w/w and +0.12% m/m). More than 71k shares changed hands in the range of GBP 40.05 - 40.70/share. Average daily traded volume was 70k in the last 4 weeks. The volume of TBCG shares traded was at 0.13% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 30.40/share (+0.66% w/w and +12.80% m/m). More than 72k shares traded in the range of GBP 30.05 - 30.95/share. Average daily traded volume was 44k in the last 4 weeks. The volume of CGEO shares traded was at 0.21% of its capitalization.
1767011096
The most satisfied shareholders are the Bank of Georgia Group. ROE for every 100 GEL invested is more than >30 GEL.A return on capital of 20-25% is considered optimal for shareholders. Their satisfaction is reflected in the market, and ultimately in the price of money. Lending rates should also be passed on, although with the recent uncertainty (be it the country's foreign exchange rate or the mood of public groups), risks have increased and the market is also hedging itself.
1766753914
As of December, the sector has earned 378 million GEL from currency exchange operations (L/Y - 704 million GEL).
1766753693
In November, the volume of term deposits increased by 224.67 million GEL (by 0.72%; exchange rate effect excluded volume of term deposits increased by 0.91%). Demand deposits decreased by 93.17 million GEL (by 0.27%; exchange rate effect excluded volume of demand deposits increased by 0.00%).The larization ratio of total non-bank deposits constituted 52.09% by the end of November 2025 and increased by 0.87 percentage point (exchange rate effect excluded increased by 0.75 percentage point) compared to the end of October 2025.The market interest rate on term deposits constituted 6.82%. In particular, the market interest rate for national currency denominated deposits was 8.98% and the market interest rate for foreign currency denominated deposits was 2.43%.The share of the US dollar in the total volume of foreign currency denominated deposits equals 78.68% and the share of the Euro equals 19.85%.
1766753467
The YoY growth rate of loans, excluding exchange rate effect, was 13.75%. The volume of loans in national currency increased by 652.59 milion GEL (1.65%) and the volume of loans in foreign currency increased by 292.08 milion GEL or by 1.02% in the same period (exchange rate effect excluded, increased by 1.58%).By the end of November 2025, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 11.04 billion GEL (2.05% more compared to the previous month), and foreign currency denominated loans constituted 19.35 billion GEL (1.40% more; exchange rate effect excluded volume of lending in foreign currency increased by 1.96 %).During November 2025, the volume of lending to resident household sector increased by 1.25% or 444.53 milion GEL, and constituted 35.97 billion GEL by the end of November 2025.Larization ratio for total loans constituted 58.18% by the end of November 2025 and increased by 0.151 percentage point (exchange rate effect excluded, increased by 0.02 percentage point), compared to the end of October 2025.
1766753360
TBC Capital acted as the transaction advisor, while the placement agent was a Tashkent-based firm.“This issuance represents another important step toward diversifying TBC Bank’s funding sources in Uzbekistan and supporting the development of the local capital market,” said Nika Kurdiani, CEO of TBC Uzbekistan.Earlier this year, on February 28, TBC Uzbekistan issued UZS 128 billion in 2-year notes at a 24% coupon. That placement attracted institutional investors linked to the governments of the UAE and Azerbaijan. Abu Dhabi Uzbek Investment purchased 70% of the issuance, while the Azerbaijan-Uzbekistan Investment Company acquired the remaining 30%.
1766669027
CSR was fined GEL 2,000 for failing to determine the business purpose of a client relationship with a securities issuer. This marks the registrar’s second sanction: CSR was previously fined GEL 3,000 in 2022 after its internal procedures were deemed non-compliant with anti–money laundering and counter-terrorism financing (AML/CFT) requirements.Most of the sanctions issued by the NBG in December were relatively small, typically around GEL 2,000. The largest fine, amounting to GEL 10,000, was imposed on “Safinanso Plus” for repeatedly failing to submit mandatory AML/CFT supervisory reports.The NBG also fined a taxpayer entity under the Enforcement Service GEL 10,000 for the same violation.
1766668873
The cumulative profit of 15 profitable banks over the first 11 months of 2025 reached approximately GEL 3.6 billion, up from GEL 2.87 billion during the same period last year. Unlike last year, when VTB Bank’s subsidiary was included among the top 11 profitable banks with a profit exceeding GEL 11 million, it reported a loss of GEL 54.5 million for the first 11 months of 2025.Other banks reporting losses include Silk Bank, and digital banks Paysera and Hash bank.Among the profitable banks, Microbank Crystal (formerly MFO) secured a position in the top 10 in its first year of operating in the banking sector.The ranking of the top 10 profitable banks plus one is as follows:
1766668586
The issuer, which started operations in 2006 by importing construction materials, has been a multi-profile company since 2011. Its annual revenue exceeds GEL 200 million.“Nova” owns seven shopping centers (including two operating under a franchising model) across nine cities: Tbilisi, Batumi, Kutaisi, Telavi, Gori, Marneuli, Khashuri, Chiatura, and Akhaltsikhe. The company also has a presence in Armenia through a franchising agreement; a partner company produces polyethylene tanks.The company plans to issue bonds with a total value of up to GEL 80 million.From the first GEL 50 million tranche, GEL 40 million will be used to refinance bank loans, GEL 6 million for capital expenditures, and GEL 4 million for working capital financing.Subsequent GEL 30 million tranches are intended for further refinancing of the company’s loan obligations.
1766668306
Georgian wine imports to the US decreased by 28%
1766405626
Railways will no longer repair old locomotives - locomotive fleet will...
1766405776
Deposit volume increased by 13.9%
1766753467
Banking Sector Net Profit Exceeds GEL 3.5 Billion
1766668586
“Nova” Announces Bond Issuance to Raise GEL 50 Million
1766668306