Finance

The analytical director of the Banking Association is pleasantly surprised by the April statistics, the share of deposits in dirhams has increased by 1.7 times. During a visit to Business Insider, David Rusia noted that the increase in investments in the currency of the United Arab Emirates is positive in itself, as it indicates the mood of investors, they considered that investing in Georgia is possible.According to the statistics of the National Bank of Georgia, 77% of the category that considered this are resident legal entities. In the deposits of 114.5 million dirhams, the share of individuals is insignificant.David Rusia also noted the portfolio structure, traditionally up to 40% is in US dollars and 10% in Euros. At the same time, confidence in the lari is still high, and high growth in deposits in the local currency is maintained.According to the NBG's interactive statistics, excluding government deposits (GEL 5.463 billion), the larization coefficient is 45.6%.

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Credo leads in commission income ratio on loans

The share of 2 systemic banks is more than 86%. The Bank of Georgia's income from various services provided to clients/in relation to the credit portfolio is 0.7%. TBC's income from commissions/on loans is 0.4%.The coefficient of the No. 3 systemic bank, Liberty, is up to 0.3%. However, with net commission income of >19 million, Credo is in the TOP-3, with a credit portfolio of 3.36 billion GEL (coefficient 0.7%).

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IMF: Georgia’s FX Reserves Above $7 BLN Strengthen Stability, With Sco...

The IMF highlights that stronger reserve positions have improved perceptions of macroeconomic resilience, reducing sovereign risk and supporting lower financing costs. The report also links reserve accumulation to structural benefits, including reduced private-sector dollarization and improved capacity for foreign exchange interventions aimed at smoothing excessive volatility in shallow FX markets.Beyond current adequacy levels, the IMF estimates that Georgia’s optimal reserve range could be higher—around 145–150% of the IMF’s ARA metric-given country-specific vulnerabilities. It argues that additional reserves act as a form of self-insurance, offering broader benefits than traditional benchmarks capture, particularly in emerging markets exposed to capital flow volatility and external shocks.The Fund also notes that continued opportunistic accumulation remains appropriate under current conditions of elevated global uncertainty. It considers the NBG’s price-based FX intervention framework broadly consistent with reserve-building objectives, allowing flexibility in exchange rate adjustment while gradually strengthening buffers through continued net purchases, which reached $632.9 million in May alone.

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Point Zero introduces the NBG's model for regulating stablecoins

According to the NBG, the Governor served as a speaker during a panel discussion at the forum. The session addressed key trends concerning stablecoins, programmable banking, digital assets, and the broader digital transformation of the financial sector.Natia Turnava presented participants with an overview of the reforms implemented by the National Bank of Georgia to foster an innovative financial ecosystem. She discussed the licensing regime for digital banks, the regulatory framework for Virtual Asset Service Providers (VASPs), and the new model for stablecoin regulation, noting that it represents the first framework of its kind in the region.“Over recent years, the NBG has created a supportive environment for the development of innovative financial services. We have introduced new licensing regimes and established regulatory frameworks designed to foster innovation. As a result, three digital banks are now operating in Georgia. We have also developed a regulatory framework for Virtual Asset Service Providers (VASPs), which has led to the registration of 40 new companies in the country, including leading international firms. Most recently, we introduced a new regulatory model for stablecoins, which is the first of its kind in the region in terms of substance and is aligned with the best international practices,” stated the NBG Governor.She also emphasised that, alongside fostering innovation, the NBG places paramount importance on solidifying trust in the national currency and the overall financial system.“As a central bank, we see our role as both a facilitator of financial innovation and a guardian of monetary trust. Our objective is to establish a regulatory framework that ensures the safe development of innovative products and services, while at the same time preserving confidence in the national currency and the financial system,” remarked Natia Turnava.The Point Zero Forum is an international platform uniting representatives from central banks, regulatory bodies, international organisations, and the private sector. The forum facilitates the exchange of expertise regarding financial sector development, digital transformation, and innovation, while addressing contemporary industry challenges.

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Rico was fined

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.

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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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Commercial Banks’ Net Profit Up By 20%

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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.