GE EN
Finance
"2 Nabiji” overtakes "Nikora" - G&T FMCG research

According to G&T research, the highest growth of +11.6%Y.Y comes from branded chains (non-branded growth +7.5%Y.Y).The profitability of branded chains is mainly due to regional expansion and sales growth of existing stores. The average revenue of 1 store in Tbilisi is 2 million GEL, in the region it is 1.6 million GEL."Daily Group" maintains its leadership in the FMCG market. Recall that in 11/2024, the group was consolidated by merging "Foodmart" (with the brands Spar, Ioli and Kalata), "Daily", "Gvirila Retail" and "Retail Group" (Magniti) into one holding company.

1763118857

Bank of Georgia Issues GEL 450 MLN Eurobonds with 11.5% Yield

The transaction was managed by international investment banks, including Citigroup, J.P. Morgan, BCP Securities, Oppenheimer Europe, Société Générale, and Galt & Taggart. Legal advisory was provided by Sidley Austin LLP and Baker & McKenzie LLP for compliance with English and U.S. law, and by Dentons Georgia LLC and Andersen for Georgian legislation.The Eurobonds will be listed on the Irish Stock Exchange and received a Ba2 rating from Moody’s Investors Service.“I am pleased that another important transaction in the history of the Bank of Georgia has been successfully completed. This is the largest international placement of local currency Eurobonds from the private sector in the Caucasus, Turkey, and Central Asia up to 2025,” said Archil Gachechiladze, General Director of the Bank of Georgia.“The transaction underscores the strong financial position of the Bank Group and reflects high confidence from investors.”

1762950266

Rico Didn’t Receive USD 3,000 in Counterfeit Bills

According to Rico founder Lasha Nikolaishvili, the Ministry of Finance’s Investigation Service was immediately notified of the suspicious transaction. He also noted that the banknotes were highly professional forged, and their detection requires high-tech equipment, which is equipped in all branches of the microfinance organization.According to him, attempts to overheat counterfeit banknotes are not uncommon. There are 10-15 cases per month, although in small volumes and often the consumer does not even know that the banknote is counterfeit.

1762864308

Bank of Georgia Offers Mastercard Corporate Card

The first premium class business card in the region, which offers business customers exclusive opportunities. Among them are financial privileges: a multi-currency account and a high withdrawal limit.Travel privileges: USD 50,000 travel insurance with special conditions; access to more than 1,200 VIP lounges at international airports; priority boarding at more than 70 airports (6 times free); discounts and cashback at hotels; access to the Crisis24 Horizon platform.10% discount on Hertz Plus car rentals; Hertz Gold Plus Reward status for free; priority access to entertainment events on the Priceless Cities platform.The card is free for 1 year.“The Bank of Georgia is constantly working to offer business customers products that will simplify their operational activities.The Mastercard Corporate Card, along with financial flexibility, implies comfort and exclusive privileges,” said Zurab Kokosadze, Deputy Director General of the Bank of Georgia.

1762863924

Georgian Pension Fund Reports 14% Growth for Dynamic Portfolio

The Dynamic Portfolio, which has the highest share of international stocks among the fund’s portfolios, rose 1.7% in October, while the Balanced and Conservative Portfolios increased by 1.43% and 1.15%, respectively.Since the beginning of 2025, the year-to-date returns are significant: Dynamic Portfolio: 13.9% Balanced Portfolio: 11.83% Conservative Portfolio: 10.12% The Dynamic Portfolio continues to lead in annualized performance since its launch on August 6, 2023, with profitability reaching 14.8%, compared to 13.4% for the Balanced Portfolio and 12% for the Conservative Portfolio.The pension scheme now includes 1.686 million participants. As of October 31, 2025, 24,823 people received pensions totaling 112 million GEL. The fund’s total assets have grown to GEL 7.9 billion, generating over GEL 2.1 billion in income.The strong returns highlight the fund’s continued focus on diversified investments and long-term growth for participants.

1762860824

Khutsishvili met with EIB’s Regional Representative

The ministry reports that during the introductory meeting, the parties reviewed the ongoing projects financed by the EIB.“The Minister of Finance briefed the guest on the current macroeconomic situation in the country, as well as medium-term forecasts and existing and upcoming investment projects”, - the Ministry of Finance stated.

1762860612

Share prices of Georgian companies fell sharply on the LSE

Lion Finance Group (BGEO LN) shares closed at GBP 75.85/share (-5.25% w/w and -1.62% m/m). More than 184k shares traded in the range of GBP 75.30 - 80.45/share. Average daily traded volume was 48k in the last 4 weeks. The volume of BGEO shares traded was at 0.41% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 38.30/share (-12.06% w/w and -14.22% m/m). More than 819k shares changed hands in the range of GBP 37.50 - 44.50/share. Average daily traded volume was 105k in the last 4 weeks. The volume of TBCG shares traded was at 1.46% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 25.05/share (-3.28% w/w and +6.14% m/m). More than 163k shares traded in the range of GBP 24.80 - 26.20/share. Average daily traded volume was 39k in the last 4 weeks. The volume of CGEO shares traded was at 0.41% of its capitalization.

1762791660

Share of foreign currency in companies' accounts increased

As of the statistics of the National Bank of Georgia, 5.7 billion GEL of this amount is government deposits. The dollarization of total deposits - ₾ 59.9 billion (excluding government deposits) is 54%.According to the monthly review of the National Bank of Georgia, the dollarization of deposits of legal entities has increased by 0.8 percentage points to 40.8%.In the 25.157 billion GEL portfolio, the equivalent of 10.6 billion GEL is in foreign currency. The balance on banks' foreign currency current accounts is up to 8 billion GEL. Of which, the equivalent of 5.6 billion GEL is on the accounts of companies and the equivalent of 2.3 billion GEL is the balance on the accounts of individuals.

1762790280

Georgia’s FX reserves amounted to USD 5.6 bln

“The National Bank of Georgia remains committed to replenishing reserves. It is noteworthy that, thanks to favourable market conditions, the NBG continues to bolster its reserves.In March, USD 101.7 million was added; in April, USD 266.4 million; in May, USD 245.4 million; in June, USD 266.0 million; in July, USD 416.9 million; in August, USD 199.6 million; and in September, USD 100.0 million. In total, net purchases from January to September 2025 amounted to USD 1,596.0 million. Data on net purchases for October will be published on November 25.Foreign exchange reserves are a crucial safeguard for macroeconomic stability. The NBG’s long-term strategy has consistently focused on accumulating FX reserves and effectively managing reserve assets. The achievement reflected in the October figures underscores this commitment.As of October 2025, gold accounts for 16.4% of the total international currency reserves, valued at USD 920.6 million. Due to fluctuations in gold prices, the value of monetary gold increased by USD 420.6 million since acquisition, highlighting the validity of the National Bank’s reserve diversification strategy,” the bank states.According to the NBG, updated data on official foreign exchange reserves will be published on December 5, 2025.

1762515176

TBC to pay GEL 1.75 per share dividend in 3Q25

The 3Q 2025 Dividend will be payable in Pounds Sterling to ordinary shareholders of TBC PLC on the register of members at the close of business on the record date of 9 January 2026, pursuant to the following timetable: Ex-Dividend Date: 8 January 2026 Record Date: 9 January 2026 Currency Conversion Date: 16 January 2026 Payment Date: 10 February 2026 The Georgian Lari to Pound Sterling exchange rate that will apply to the 3Q 2025 quarterly dividend payments on the conversion date of 16 January 2026 will be the average exchange rate of the National Bank of Georgia for the period of 12 January 2026 to and including of 16 January 2026 (5 days average).

1762514761