The Bank of Georgia, on behalf of global giant BNY (The Bank of New York Mellon Corporation), provided custody of Uzbek shares in the settlement infrastructure, which was a necessary condition for the development of the Global Depository Receipts (GDR) program.The partnership was made possible after the Bank of Georgia became the first foreign financial institution to join the Uzbek capital market’s “regulatory sandbox” and receive the status of a foreign nominal holder. This status allows the bank to manage securities accounts in both local and foreign currencies without an additional license.In parallel with operating in the government securities market, the Bank of Georgia is also expanding its custody services for corporate shares and bonds in Uzbekistan, thereby facilitating access to emerging markets for international investors. 

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The shares were cancelled on May 28, and by that time the Group had no shares remaining in its treasury, and the number of ordinary shares with voting rights amounted to 43,187,929.The Group announced a share buyback and cancellation program worth GEL 55 million on May 7, 2026, which was an extension of the GEL 98.0 million, GEL 51.5 million, and GEL 53.5 million share buyback and cancellation programmes announced on 20 August 2025, 20 November 2025 and 25 February 2026 respectively (the "Buyback Programme").The total number of shares cancelled since the launch of the Buyback Programme in August 2025 is 675,647.

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Specifically, Kokosadze sold 6,400 shares at an average cost of £109.8, generating an aggregated income of £702,720.The transaction was carried out over-the-counter on June 2.

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According to the NBG's "Monthly Review", at the end of April, the dollarization of deposits of legal entities increased by 0.3%p to 37.4%. The dollarization coefficient of the retail portfolio is 60.3%, having decreased by 0.3 percentage point in the reporting month.In April, the average weighted interest of total deposits (excluding government deposits**) is 5.6% (- 0.1%p m.m).The rate on GEL deposits decreased by 0.1 %p, to 7.1%. On deposits denominated in foreign currency, it remained almost unchanged (1.7%). On Euro-denominated term deposits, it decreased by 0.3 percentage point, to 1.2%.The highest interest rates are paid on government deposits, 9.3% for central government deposits, up to 10.2% for local government deposits. 8.4% for state-owned enterprises, and 5% for individual entrepreneurs.

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During meetings with investors, Governor Turnava discussed Georgia's current economic trends, macroeconomic stability, inflation dynamics, and the strategic priorities of the NBG's monetary policy. The discussions highlighted the country's economic resilience, the strength of the financial sector, the accumulation of international reserves, and the key factors supporting the stable development of the Georgian economy.The discussions also covered Georgia's economic growth outlook, regional challenges, and the continued interest of international investors and partners in the country's financial sector.It was emphasized that despite global headwinds and heightened market uncertainty, Georgia's economy and financial system remain stable. The National Bank of Georgia continues to implement policies aimed at preserving the resilience of the financial sector."The Georgian economy is distinguished by strong macroeconomic fundamentals, while our financial sector remains sound and resilient," stated Natia Turnava. "The primary mandate of the NBG is to ensure price stability, and we remain committed to a prudent and consistent policy approach to achieving this objective. This remains a key prerequisite for sustainable economic growth, financial stability, and long-term investor confidence."As part of the working visit to London, the NBG Governor also met with representatives of major credit rating agencies, including Moody's and S&P Global Ratings, to discuss issues related to Georgia's sovereign credit ratings.

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Within the framework of the two-day working meetings, representatives of the National Bank of Georgia introduced their colleagues to the experience of implementing the project to upgrade the real-time settlement (RTGS) and clearing (ACH) systems, which was successfully completed in May of this year. Special attention was paid to the project planning and management process, system architecture, operational and functional model, coordination with the participating banks and the Treasury Department of the Ministry of Finance, testing stages and the process of launching the system in a real environment.During the meetings, the parties discussed future directions for the development of payment systems. Among them, the introduction of an instant payment system (IPS), ensuring 24/7 operation, the use of the ISO 20022 standard and other development opportunities.Representatives of the National Bank of Georgia shared with the guests the experience gained during the project implementation process, the main challenges and the approaches used to solve them. They also presented important examples and recommendations that may be useful in the planning and implementation of infrastructure projects of a similar scale.The visit was carried out within the framework of the existing cooperation between the central banks of Georgia and Armenia and aimed to share knowledge and best practices, which will contribute to the development of modern, safe and efficient payment systems in the region.

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According to the explanation of the First Vice-President of the National Bank of Georgia, Ekaterine Mikabadze, the sharp increase in energy resources, especially oil prices, in the global market led to an increase in fuel prices in Georgia. This factor was reflected in the inflation rate as a result of direct and indirect effects, due to which the price increase in April reached 5.9%."Inflation decreased in May and the annual rate decreased to 5.7%, which is fully consistent with the central scenario and expectations of the National Bank of Georgia," said Ekaterine Mikabadze.According to the First Vice President of SEB, the National Bank has moderately tightened monetary policy in order to maintain inflation expectations at a stable level. According to her, the future dynamics of inflation significantly depends on the duration and severity of the Middle East conflict.According to the current central scenario of the National Bank, in the event of a gradual settlement of the conflict, inflation will gradually decrease and stabilize around the target rate (3%) in 2027.

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As of the report, the average economic growth rate in the Bank’s regions of operation will slow from 3.4% in 2025 to 3.1% in 2026, and recover to 3.6% in 2027.Against this background, Georgia maintains a high growth momentum. The EBRD notes that in 2025, real GDP in the country grew by 7.5%, mainly driven by the services sector and tourism. Private consumption was supported by solid real wage growth and an expansion in credit activity, while capital investment contracted for the first time since 2021. The bank estimates that economic growth has accelerated further, reaching an annualized rate of 9.1% in the first quarter of 2026.EBRD analysts indicate that the implementation of large investment projects in the real estate, transport and renewable energy sectors could further accelerate economic growth. However, external risks are also emerging, in particular, the ongoing conflict in the Middle East could weaken economic activity as it leads to a decrease in tourism revenues and an increase in the cost of imported energy resources.The report also focuses on other macroeconomic parameters. Price increases have exceeded the National Bank’s 3.0% target since March 2025, and annual inflation was 5.9% in April 2026. The fiscal deficit narrowed from 2.3% of GDP in 2024 to 1.4% in 2025, supported by rising budget revenues, while the external debt-to-GDP ratio declined to 34.4% amid a stable exchange rate and nominal growth. In addition, the current account deficit narrowed to a historic low of 2.6% in 2025, while gross international reserves increased to $6.5 billion in April 2026, covering about 4 months of imports.In addition to the EBRD, other agencies have also upgraded their economic growth expectations for Georgia. In early May, the National Bank of Georgia increased its forecast from 5% to 6.5%, and yesterday it became known that the Georgian government raised its growth expectations for the current year to 6.3%. According to preliminary estimates by Geostat, GDP grew by 6.2% in April 2026, while the average figure for the first four months was 8.3%.

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According to G&T, Lion Finance Group's securities were traded at £107.7-112.9 last week.As of 01.06.2026, the group's capitalization is £4.76 billion.Stock trend by week and month

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The Tbilisi Financial Summit is jointly organized by the National Bank of Georgia, the Ministry of Economy and Sustainable Development, and the Singapore-based Global Finance and Technology Network (GFTN). The summit will bring together central bank governors from around the world, as well as representatives of the fintech industry, financial sector, international companies and innovative technologies.The two-day summit will feature thematic sessions, panel discussions, workshops and professional meetings, where participants will discuss trends in the development of modern financial technologies and opportunities for regional cooperation. The summit participants will discuss such topics as the development of economic and financial corridors between countries, as well as financial technologies, open banking and artificial intelligence, Georgia as a regional platform for financial innovations, and others.A hackathon is planned to be held at the Tbilisi Financial Summit, which will help identify and implement new ideas and opportunities.“An international event of such a scale creates an opportunity for Georgia to more actively engage in global financial and innovation processes, attract international investments, strengthen partnerships with leading companies in the world, and promote the country’s economic development,” noted Natia Turnava, President of the National Bank of Georgia.GFTN (Global Finance & Technology Network) is an international platform based in Singapore that brings together representatives of the public and private sectors involved in the development of financial technologies, innovations, digital transformation, and modern financial ecosystems. This network includes the world's leading financial centers, such as Singapore, Japan, Switzerland, etc. Since 2025, Georgia has also become part of this network.

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