MFO Central has violated the reporting rules: in 1 case, it submitted documentation to the supervisor late. In 2 cases, it submitted information to the NBG incorrectly.Accordingly, it was fined with GEL 2,000 three times and has to pay a total of GEL 6,000.Some of MFO's Pakistani owners also have Georgian citizenship.MFO Central is represented in the microfinance market with up to 6 million GEL capital, 14.2 million GEL assets, including a loan portfolio of GEL 6.8 million. Interest income (2,237,830 GEL) is mainly from the pawnshop (1,365,790 GEL).

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The dividend will be paid in pounds sterling to holders of ordinary shares of TBC PLC of record on the shareholders’ register at the close of business on 23 October 2026.The ex-dividend date is 22 October, the record date is 23 October, the currency conversion date is 6 November and the payment date is 20 November.The GEL/GBP exchange rate to be used for the payment of the 2026 Q2 dividend in GBP will be determined by the 5-day average of the official exchange rate published by the NBG, covering the period from November 2 to November 6, 2026.

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International reserves are a crucial guarantor of the country's macroeconomic stability. Consequently, the long-term policy of the National Bank of Georgia (NBG) remains focused on reserve accumulation and the efficient management of reserve assets. The NBG replenishes foreign exchange reserves when FX market conditions and the macroeconomic environment allow. Throughout 2026, driven by favorable FX market conditions, the NBG has been actively accumulating reserves, with total net purchases during January-June amounting to USD 2,078.4 million. The net purchase statistics for July 2026 will be published on August 25.Notably, in 2024, the NBG diversified its reserves by making its first-ever investments in gold, a strategic decision by the central bank. Since then, the price of gold assets has risen significantly, further boosting gross international reserves. In June 2026, the NBG purchased an additional USD 100 million worth of monetary gold for its gross international reserves. As a result, as of July 2026, the share of gold in total international reserves stands at 13.5 percent (USD 1,014.1 million).The National Bank of Georgia will publish the updated data on gross international reserves on September 7, 2026.

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According to the NBG's monthly review, in June the interest rate on foreign currency loans to legal entities decreased by 0.1 percentage points, to 9.6%.The interest rate on a legal entity loan in the national currency is 12.6%, mortgages - from 11.5%.The review also notes the acceleration of foreign currency lending, the pace increased by 0.4 percentage points, to 14.2%, and by 0.2 percentage points in the national currency.

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According to the report, by the end of 2Q26, TBC Uzbekistan’s total loan portfolio reached $879 million, while the number of monthly active users (MAU) in the ecosystem increased to 5.8 million.In addition, the company’s payment transaction volume increased by 45% year-on-year in 2Q26 and exceeded $3.25 billion, which accounts for more than 20% of the total payment market in Uzbekistan.In 2Q26, TBC Uzbekistan’s net commission income amounted to $15 million, which is a 5% increase compared to the same period last year and a 15% increase compared to the previous quarter. During the same period, TBC Bank’s deposit portfolio exceeded $545 million.After the reporting period, on July 24, TBC Group completed the acquisition of a controlling stake in OLX Uzbekistan, which is a strategic step in expanding the ecosystem beyond financial services.In 2Q26, the company also expanded its product line: it launched secured loans and a payroll project for small and medium-sized businesses, and a digital auto lending product for individuals.“TBC Uzbekistan had a successful quarter: we continued to demonstrate sustainable growth across the ecosystem and launched new products, and immediately after the end of the reporting period, we closed several deals to acquire significant new assets.Our payment solutions showed significant growth: the total market share exceeded 20%, while our flagship debit product TBC Salom more than doubled and remains a key point of entry for customers in our ecosystem. At the same time, we continued to diversify our credit portfolio.Development in the SME segment will gain momentum as we scale up TBC Biznes and expand our presence in the secured lending segment. At the same time, we are developing the TBC Osmon credit card segment, which is increasingly taking a prominent place in the portfolio. I would like to separately mention OLX UZ Integration into the structure of TBC Uzbekistan. We are pleased to work together and continue to improve services for both individuals and businesses in Uzbekistan,” said Nika Kurdiani, CEO of TBC Uzbekistan.TBC Bank Group shares are traded on the London Stock Exchange (LSE).In July 2026, TBC Uzbekistan became the winner of four nominations at the Euromoney Awards for Excellence, including being named “Best Digital Bank in Central Asia.

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The programme will include both capital returns to shareholders - through share buybacks and, if required, dividends - as well as new investments in Georgia and Armenia. The first stage of the programme will be a US$50 million share buyback and cancellation initiative. The Board of Directors expects that at least half of the GEL 1 billion programme will be allocated towards returning capital to shareholders.With regard to investment opportunities in Armenia, GCAP said it increasingly views Georgia and Armenia as similar growth markets, offering opportunities to invest in complementary businesses across both economies. The company is already participating in Armenia’s economic growth through Lion Finance Group’s investment in Ameriabank, as well as through the expansion of its retail pharmacy business, which currently operates 23 stores in the country.Further announcements regarding new share buyback phases, potential acquisitions and other capital allocation initiatives will be made gradually as the programme progresses through the end of 2029.The announcement of the new programme follows a significant strengthening of GCAP’s balance sheet. The company has fully eliminated HoldCo-level borrowing, meaning that after the completion of the current share buyback programme and repayment of existing liabilities, GCAP will have approximately GEL 310 million in available liquidity at the holding company level.The Group also expects to generate strong free cash flow from its private portfolio companies, supported by growing dividend inflows driven by continued earnings growth. In addition, GCAP expects dividend income from its 14.9% stake in Lion Finance Group, which is expected to provide significant additional cash resources through the end of 2029.Taking these factors into account, the Board has updated the company’s capital allocation policy. All new investment opportunities will continue to be assessed against the alternative of repurchasing GCAP shares and reinvesting capital into the existing portfolio.However, as the discount between GCAP’s share price and its net asset value (NAV) per share has narrowed significantly in recent quarters, selective new investments have become increasingly attractive from a relative return perspective. According to the company, these opportunities provide an additional avenue for long-term growth while allowing GCAP to continue benefiting from the strong performance of its existing portfolio companies.GCAP said that over the past three years, NAV per share has increased by approximately 34% annually on average, reflecting the significant value created by its portfolio companies.

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Among the complainants are general mortgagees, for whom the servicing bank increased the collateral requirement for the next tranche, requiring alternative real estate of a family member to be secured.According to H1/2026 statistics, there are 15,600 (H1/2025 - 13,700, +14%Y.Y) complaints from dissatisfied clients with banks (including microbanks).Number of claims by product: H1/2026/ 

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Total assets: GEL 6.3 billion (growth of 15%); Loan portfolio: GEL 4.6 billion (growth of 15%); Deposit portfolio: GEL 5 billion (growth of 34%). The bank explains that as a result of the transition from the social segment to a diversified universal model, the share of social loans in the total portfolio decreased to 11%. In addition, the MSME (micro, small and medium enterprises) portfolio has increased 4 times in the last 5 years and reached GEL 1.85 billion.In parallel, the use of digital channels has also increased - in the last 1 year, the number of remote service users has increased by 12.6% and reached 1 million.As a reminder, in April 2026, Basisbank acquired 95.99% of Liberty shares. According to the first half of the year, Basisbank's assets amounted to GEL 6.2 billion, its credit portfolio amounted to GEL 3.7 billion, and deposits amounted to GEL 4 billion (net profit increased by 44%, to GEL 74 million).Liberty is one of the largest financial institutions in Georgia, serving more than 1.7 million individuals and more than 60,000 businesses. The bank is represented by about 500 service centers and about 700 ATMs across the country.

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Basisbank's financial indicators in figures: Total assets: GEL 6.2 billion, a 43% increase compared to the same period of the previous year.~ Total loan portfolio: GEL 3.7 billion, a 22% increase. Total deposit portfolio: GEL 4 billion, a 40% increase. Net profit: GEL 74 million, a 44% increase. Basisbank remains one of the primary supporters of Georgian business and stably occupies its place among the top three largest banks. This year, the pace of business financing by Basisbank has increased even further, with the growth of the corporate portfolio reaching 28% (GEL 2.8 billion), while the volume of corporate deposits amounted to GEL 2.3 billion. According to the 6-month data of 2026, the volume of retail loans amounted to GEL 942 million, while retail deposits totaled GEL 1.7 billion.As of June 30, 2026, Return on Assets (ROA) stood at 2.51%, and Return on Equity (ROE) stood at 14.05%.According to the first-half 2026 data of BB Leasing and BB Insurance, which are part of the Basisbank Group, the portfolio of BB Leasing amounted to GEL 48 million, representing an 8% portfolio growth compared to the same period of the previous year. The premium raised by BB Insurance in the first 6 months of 2026 amounted to GEL 9.5 million.According to the General Director of Basisbank and Liberty, Davit Tsaava, the first half results are the result of the right strategy. He also highlighted the deal made in April 2026, when Basisbank acquired 95.99% of Liberty Bank shares, which became the largest strategic transaction of the year.Liberty Bank itself recorded a net profit of GEL 52.8 million in 2Q26, while its assets amounted to GEL 6.3 billion.

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As of the monthly review of the National Bank of Georgia, in June, compared to the previous month, the average exchange rate of the lari against the US dollar strengthened from 2.6806 to 2.6561 (by 0.9%), and against the Euro from 3.1315 to 3.0621 (by 2.2%).At the end of the month, the official exchange rate of the lari against the US dollar and the Euro amounted to 2.6453 and 3.0156, respectively. During the period, the maximum value of the GEL/USD exchange rate was 2.6693, and the minimum value was 2.6453.In June, compared to the average USD exchange rate, the maximum value of the exchange rate deviated more than the minimum.In June, on average, the Turkish lira continued to depreciate against the dollar, both in monthly and annual terms. In monthly terms, the Euro and the Russian ruble also depreciated. The Armenian dram strengthened slightly, while the Azerbaijani manat remained practically unchanged. As for the GEL, the strengthening is observed both in monthly and annual terms. As a result, the nominal effective exchange rate of the GEL strengthened (NEER), both in monthly and annual terms. Specifically, in June by 3.8% annually, and by 1.7% in monthly terms.

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