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Finance
NBG and J.P. Morgan Hosted Central Bank Managers from Nearly 15 Countr...

It is noteworthy that this was the first time an event of this format was held in the region in partnership with J.P. Morgan.Georgian Prime Minister Irakli Kobakhidze opened the meeting. In his address, the Head of Government emphasized the significance of a gathering of this scale and discussed the country's economic growth figures and the development dynamics of the financial sector. He also highlighted the financial sector's role in economic progress and the growing international recognition of Georgian financial institutions.He stated that the Government of Georgia continues to work on developing capital markets and creating an increasingly competitive environment for investment.A key topic of the meeting was the regional macroeconomic environment and the challenges facing monetary policy. Participants discussed global economic shifts and shared experiences regarding the maintenance of price and financial stability. Dedicated sessions focused on asset and international reserve management amidst geopolitical challenges, as well as prospects for developing local capital markets.The event aims to deepen cooperation among the region's central banks, facilitate the exchange of experience, and foster effective responses to shared challenges."It is highly significant that we are hosting the first event of this kind in the region. It is particularly gratifying to see so many colleagues in Tbilisi representing nearly 15 central banks, development organizations, and the financial sector. Such meetings are valuable not only because they allow us to exchange views on pressing issues that shape our economies' development, but also because they create opportunities for open dialogue, mutual learning, and the strengthening of ties between our institutions," noted Natia Turnava, Governor of the National Bank of Georgia. The event was attended by governors, deputy governors, and other high-ranking officials from the central banks of up to 15 countries, including Hungary, Poland, Bosnia and Herzegovina, Armenia, and Kazakhstan, as well as representatives from J.P. Morgan, the World Bank, and the Asian Development Bank.

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Tbilisi Hosts Central Bank Governors from the Region

According to Irakli Kobakhidze, Georgia has maintained economic resilience over the past five years. He noted that the average annual real GDP growth rate for the 2021–2025 period stood at 9.3%.The Prime Minister stated that high-productivity sectors, including information and communication, financial services, and transportation, are among the key drivers of this economic growth.Kobakhidze also noted that annual inflation stood at 5.6% in August 2026. He explained that inflation was primarily influenced by external factors, including the rise in global oil prices resulting from the conflict in the Middle East. "Since October 2024, Georgia's foreign currency reserves have doubled, reaching a historic high," stated Irakli Kobakhidze.Natia Turnava, Governor of the National Bank of Georgia, also addressed the event. She noted that a meeting of this format would foster dialogue and cooperation among central banks in the region.Representatives from J.P. Morgan, the World Bank, and the Asian Development Bank are also participating in the round-table meeting.

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Basisbank Named Georgia’s Leading Partner Bank at ADB Annual Awards

This award recognizes ADB’s active and successful collaboration with its partner bank in Georgia under the Trade and Supply Chain Finance Program. The evaluation criteria were based on the number and volume of transactions executed by the bank within ADB's TSCFP framework.Receiving the "Leading Partner Bank in Georgia" award highlights Basisbank's strong market standing in facilitating international trade, its high credibility among international financial institutions, and its significant contribution to the country’s economic development.“Basisbank's recognition as Leading Partner Bank in Georgia reflects the strength and consistency of our collaboration under the Trade and Supply Chain Finance Program. Basisbank has been an active and reliable partner in extending trade finance to businesses across Georgia, helping close market gaps and connect local companies to international supply chains. We congratulate Basisbank on this achievement and look forward to continuing to grow our partnership in support of sustainable trade growth in the years ahead”, - Steven Beck, Head of Trade and Supply Chain Finance Program, Asian Development Bank“It is a great honor to receive the ‘Leading Partner Bank in Georgia’ award from the Asian Development Bank. This recognition reflects the tangible progress we have made in delivering Basisbank’s strategy to expand its trade finance capabilities and strengthen support for clients engaged in cross-border trade. Our long-standing partnership with ADB enables us to provide Georgian businesses with internationally aligned financial instruments, facilitate their access to global supply chains and new markets and support more efficient cross-border transactions. We are grateful to ADB for this productive partnership and remain committed to further expanding our capacity to serve our clients and contribute to Georgia’s economic growth”, - David Tsaava, General Director of Basisbank.The ADB’s Trade and Supply Chain Finance Program annually honors partner banks that deliver excellence in trade and supply chain finance and contribute to the development of sustainable economic progress across the region and globally.About Basisbank GroupIn April 2026, Basisbank acquired a 95.99% stake in Liberty Bank. Basisbank Group is the third-largest systemic financial institution in Georgia, holding an 11% market share. The Group serves over 2 million individuals and more than 65,000 corporate and SME clients. It boasts the largest network nationwide, operating around 500 service centers and nearly 700 ATMs across all regions and municipalities of Georgia.According to data from the first 7 months of 2026, Basisbank Group's total assets stand at GEL 12.1 billion, with a total loan portfolio of GEL 7.9 billion and a deposit portfolio of GEL 9.1 billion. The Group's net profit for the first 7 months of 2026 reached GEL 128 million.About TSCFPBacked by ADB's AAA credit rating, TSCFP delivers guarantees and loans through more than 200 partner banks to support trade and create import and export opportunities for businesses. The program is a key partner in helping diversify trade both internationally and intra-regionally within Asia and the Pacific. Since 2009, it has supported over $74 billion in trade, focusing on sectors that promote sustainable growth and regional integration.About ADBADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members-49 from the region.(R)

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Natia Turnava Participates in the Swift Payment Forum

The event, entitled “Shaping the Future of Payments in the Caucasus and Türkiye,” brought together policymakers and representatives from central banks, the financial sector, and the international payment industry.During the forum, participants discussed the current challenges facing the global financial system, the modernization of payment infrastructure, and opportunities to deepen regional cooperation.In her address at the forum, Natia Turnava, Governor of the National Bank of Georgia, emphasized the importance of regional cooperation amid global economic fragmentation, highlighting that strengthening financial connectivity serves as an essential prerequisite for economic resilience.According to her, central banks play a critical role in modernizing financial services infrastructure and fostering interoperability with both regional and international partners.“For Georgia, situated along the Middle Corridor, strengthening regional cooperation is of paramount importance. As trade expands along this route, businesses require financial services that enable efficient and reliable cross-border payments,” stated the NBG Governor.Natia Turnava also highlighted the ongoing projects aimed at developing Georgia’s payment infrastructure. She noted that in 2026, the NBG completed a comprehensive modernization of its Real-Time Gross Settlement (RTGS) and clearing systems.The upgraded infrastructure is fully compliant with the ISO 20022 international messaging standard, facilitating faster, more secure, and reliable transactions, enhanced data quality, and greater international interoperability.“This upgrade paves the way for innovative digital services and the deployment of the Instant Payment System (IPS), scheduled for launch by the end of 2026. Our objective is to establish a secure, efficient, and innovative payment infrastructure that supports not only domestic economic growth, but also deeper regional financial cooperation,” remarked Natia Turnava.The forum was also attended by Ekaterine Galdava, Vice Governor of the National Bank of Georgia, who outlined the short-, medium-, and long-term priorities for the development of Georgia’s payment systems.Alexandre Ergeshidze, Head of the Specialized Risks Department at the NBG, participated in the panel discussion titled “Securing the Future of Payments: Building Resilient and Interoperable Systems.”Varlam Ebanoidze, Head of the Financial and Supervisory Technologies Department at the National Bank of Georgia, participated in the panel discussion titled "Building the rails of the future: real-time, 24/7, digital payment." The session explored how emerging technologies are reshaping payments, focusing on digital assets, use cases for blockchain-based shared ledgers, and interoperability between today's and tomorrow's payment systems. 

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Turnava identifies the protection of consumer rights as one of the Nat...

During the forum, the concept of the Georgian Financial Markets Development Program (GMAP) was presented to the public. The objective of GMAP is to expand access to risk management and hedging instruments across Georgian financial markets and foster a more liquid, internationally accessible securities market. Achieving this objective relies heavily among other initiatives on the implementation of modern treasury infrastructure, enabling local commercial banks to offer the market more accessible and diverse risk hedging instruments.A central focus of the event was the technological component of this market development initiative, carried out in collaboration with Nasdaq. Under the shared treasury management system implementation project, Bank of Georgia, TBC Bank, Liberty Bank, Terabank, and Basisbank will execute treasury operations using the Nasdaq Calypso platform, which covers the full end-to-end treasury lifecycle. This shared system serves as a practical tool enabling the Georgian banking sector to build the capabilities required to achieve the market development objectives set under GMAP.The forum was opened by Natia Turnava, Governor of the National Bank of Georgia, who highlighted that a modern, liquid, and internationally connected financial market is vital for the country's economic development."Our objective is to transform the foundations built to date for financial market development into tangible market activity introducing more hedging instruments, cultivating a more active and liquid market, and enabling local participants to forge closer ties with international investors and counterparties," noted Natia Turnava.According to Lasha Jugheli, Executive Secretary of the Georgian Financial Markets Treasuries Association, GFMTA's mission is to support initiatives that help Georgian financial markets become deeper and more dynamic, with the deployment of the shared Nasdaq Calypso treasury management system serving as a cornerstone technological pillar along this journey."In recent years, the steady growth of the Georgian banking sector has created the need for treasury infrastructure aligned with international standards. Implementing the Nasdaq Calypso platform will allow banks to manage treasury operations and core risks within a unified infrastructure aligned with international standards. The five participating banks represent a substantial share of the market; however, the project is designed for further expansion and the inclusion of additional participating banks in the future," stated Lasha Jugheli.Brad Wilmot, Senior Vice President at Nasdaq, stated that Nasdaq, as a technology partner, is proud to support this initiative by the National Bank of Georgia and GFMTA."The shared treasury management system provides all participating banks with access to the same institutional-grade technology and standards utilized by the world's leading markets. It is a great honor for Nasdaq to serve as the technology partner to the National Bank of Georgia and GFMTA on this important journey, and we look forward to continuing our collaboration," remarked Brad Wilmot.The international forum brought together local and international financial institutions and official representatives, including central banks, government agencies, commercial banks, market infrastructure providers, and market participants. Attendees reviewed the progress achieved under GMAP and discussed steps planned going forward. Discussions also covered international best practices in market development, the transformation of treasury operations at Georgian banks, legal frameworks and practical mechanisms for GEL-denominated derivatives, and issues related to enhancing bond market liquidity.The GMAP Forum is scheduled to take place annually. In addition, throughout the year, the National Bank of Georgia and GFMTA have planned a series of supplementary activities to support the program's strategic objectives.

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Nasdaq representative: We are delighted to be chosen as a trusted part...

“At Nasdaq, we bring communities together. It is embedded in our company’s DNA and essence, given our history of managing financial markets. Here, Nasdaq’s financial technology is also providing the infrastructure to unite the Georgian financial sector to enhance its overall financial framework,” noted Vincent Lemaire.According to the National Bank of Georgia, organised by the NBG and the Georgian Financial Markets Treasuries Association (GFMTA) in partnership with Nasdaq, a two-day international event, the GMAP Market Development Forum 2026, was held in Tbilisi.At the forum, the Georgia Market Development Programme (GMAP) overarching concept was presented to the public.GMAP aims to expand access to risk management and hedging instruments in Georgian financial markets, fostering a more liquid and internationally accessible securities market. A central theme of the event focused on the technological component of the market development initiative, which is being executed in partnership with Nasdaq.

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TBC PLC CFO Guy Stevens Buys More Than 1,000 Shares

On August 18, 2026, Stevens purchased 1,033 shares at an average price of £48.25 per share, for an aggregate value of £49,840.49. The transaction was executed on the London Stock Exchange.Stevens was appointed CFO of TBC Bank Group on July 13, 2026. He has nearly 30 years of experience in corporate finance within the financial services sector, having held senior positions at UBS Investment Bank, Deloitte Corporate Finance and Keefe, Bruyette & Woods.According to the group, Stevens has maintained a long-standing relationship with TBC Bank, including serving as a joint global coordinator for TBC Bank’s 2014 initial public offering (IPO).

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LFG announced an interim dividend of GEL 3.05 per ordinary share

The Company hereby confirms that the National Bank of Georgia Georgian Lari/British Pounds Sterling average exchange rate for the period of 7 September to 11 September 2026 was 3.5348 and it shall be used to pay dividends to ordinary shareholders of the Company on 25 September 2026. Accordingly, the cash dividend payable will be approximately GBP 0.86284938 per ordinary share.Those shareholders who have not provided the appropriate bank account details to Computershare Investor Services PLC for payment of the dividend will be paid the dividend by cheque in British Pound Sterling.

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Shares of Georgian companies on the LSE remain in the green zone

Lion Finance Group (BGEO LN) shares closed at GBP 136.70/share (+0.37% w/w and +8.23% m/m). More than 156k shares traded in the range of GBP 132.70 - 137.50/share. Average daily traded volume was 42k in the last 4 weeks. The volume of BGEO shares traded was at 0.36% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 51.85/share (+1.67% w/w and +6.95% m/m). More than 332k shares changed hands in the range of GBP 49.24 - 51.85/share. Average daily traded volume was 52k in the last 4 weeks. The volume of TBCG shares traded was at 0.60% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 45.15/share (+2.15% w/w and +2.38% m/m). More than 102k shares traded in the range of GBP 43.25 - 45.20/share. Average daily traded volume was 44k in the last 4 weeks. The volume of CGEO shares traded was at 0.30% of its capitalization.

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An agreement on mutual access to securities markets was signed between...

The Memorandum was signed by Ekaterine Mikabadze, First Vice-Governor of the National Bank of Georgia, and Evgeniya Bogdanova, Chief Executive Officer of AFSA.The purpose of the MoU is to facilitate mutual access between the Astana International Financial Centre (AIFC) and the Georgian securities markets in specific areas of financial services. The agreement establishes a framework for closer cooperation and will help streamline the provision of financial services between the two countries.Under the Memorandum, AFSA and the National Bank of Georgia will work towards creating practical mechanisms for mutual access for market participants. In doing so, the respective legal and regulatory requirements of each jurisdiction will be fully taken into account.The new framework also entails strengthening supervisory cooperation and information exchange between the two regulatory authorities, which will facilitate expanded access to cross-border markets under appropriate supervisory mechanisms."The purpose of the Memorandum is to facilitate mutual access to financial services between the two countries and to strengthen regulatory and supervisory cooperation. This, in turn, will help expand opportunities for financial institutions and market participants in both jurisdictions and increase cross-border investments. Deepening cooperation between our markets is a prerequisite for the sustainable development of the securities market in the broader region," stated Ekaterine Mikabadze, First Vice-Governor of the National Bank of Georgia."Regional financial integration gains real significance when regulatory cooperation translates into practical opportunities for market participants. This agreement signed with the National Bank of Georgia is an important step in this direction. We aim to create new opportunities for financial institutions and investors, and to lay the groundwork for Central Asia and the South Caucasus to emerge as a more interconnected and attractive investment space for international capital," noted Evgeniya Bogdanova, Chief Executive Officer of AFSA.The agreement builds upon years of cooperation between AFSA and the National Bank of Georgia. The parties first signed a Memorandum of Understanding in 2018, which established a framework for regulatory cooperation and information exchange.The new Memorandum represents the next stage in the development of this partnership, shifting from general regulatory cooperation to practical mechanisms focused on strengthening ties between the AIFC and the Georgian securities markets.The signing ceremony of the MoU took place during a high-level event held as part of Astana Finance Days, titled "From Fragmentation to Integration: Regional Cooperation for Stronger Financial Markets."During the round-table discussion held as part of the event, high-ranking representatives of financial regulatory authorities and international organizations from Central Asia, the Caucasus, and other partner jurisdictions discussed practical approaches to regulatory cooperation, cross-border market connectivity, and financial integration.

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