Foreign-currency mortgages have also become more expensive. If last year hedged borrowers could access loans for property purchase or renovation at 7–7.4%, as of August the average rate for mortgages with maturities of up to 10 years stands at 8.2%. For loans with a maturity of 10–15 years, the rate is slightly lower, at 7.95%. However, since autumn 2022, such loans are no longer issued as standard.As you know, mortgages in lari are available for terms longer than 10 years, while foreign-currency mortgages are limited to up to 10 years.Just 4–5 years ago, foreign-currency mortgages were approved at only 4–6%, up until spring 2022.

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This marks his first share sale since the company was established in May 2018.As a result of the transaction, Gilauri now directly owns 1,808,414 ordinary shares, compared to 2,131,709 shares prior to the sale.According to Neil Janin, Chairman of GCAP’s Remuneration Committee, over time, Irakli Gilauri has accumulated a significant ownership in Georgia Capital despite not receiving any cash compensation during the past seven years. Therefore, the Remuneration Committee encouraged Gilauri to sell part of his shares in Georgia Capital.Gilauri confirmed that, over time, he plans to sell up to 625,000 Georgia Capital shares.At the beginning of August, Gilauri held a total of 3,126,503 shares, of which 2,131,709 shares were directly owned, while 994,794 shares had not yet been transferred (held as zero-cost options) and will be granted over the coming years in line with the company’s remuneration policy.Gilauri accumulated these shares in Georgia Capital and its predecessor, Bank of Georgia, during his 20-year career through various means: cash purchases (213,523 shares), deferred salary shares (zero-cost options), and equity bonuses – initially at Bank of Georgia, and later at Georgia Capital.Following the planned share sale and the allocation of 2025 salary shares, Gilauri is expected to hold around 2.7 million shares.

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According to the statistics of the NBG, loans issued to resident legal entities amounted to 29.6 billion GEL, of which the equivalent of 18.8 billion GEL was issued in foreign currency. Out of this amount, nearly 13 billion GEL is in USD, and the equivalent of 6.1 billion GEL in euros.As of August 1, 2025, banks’ retail portfolio stood at 34.2 billion GEL (compared to 29.7 billion GEL on August 1, 2024).The overall loan larization ratio (share of GEL-denominated loans) was 57.6% (August 1, 2024 – 55.76%).

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Of this amount, the equivalent of GEL 1.8 billion (over 46%) was in foreign currency, mainly in US dollars. A smaller share — 12% (equivalent to GEL 218 million) — was in euros. Withdrawals were also recorded in rubles, though only about 1% (GEL 18 million).The largest turnover in rubles, equivalent to GEL 29 million, was observed last October.According to NBG’s interactive statistics, as of August 1, 2025, the balance on current accounts of local individuals and legal entities in the banking sector stood at GEL 12 billion, including GEL 5 billion in foreign currency (August 1, 2024 – GEL 12.5 billion, including GEL 7.2 billion in foreign currency).

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According to NBG statistics, in July time deposits increased by GEL 553 million.Total deposits (excluding non-bank and government deposits) stood at GEL 57.085 billion, with a dollarization rate of 54% (compared to 53.2% on August 1, 2024, when deposits also totaled GEL 57.085 billion).As of August 1, 2025, the average annual market rate on time deposits in lari was 9.55%, while on foreign-currency deposits it was 2.59% (compared with 9.1% and 2.3%, respectively, a year earlier).Within foreign-currency deposits, the share of US dollars was 79.2%, up from 77.9% on August 1, 2024.

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The project was developed through close collaboration between the bank’s AI, digital development, and business operations teams.The resulting tool meets international standards while also being tailored to the specifics of the Georgian market. The generative AI technology enables the chatbot to analyze customer inquiries and provide detailed responses on a wide range of financial topics. Its functionality is continuously expanding, turning it into a true AI assistant for customers.The chatbot is currently available on TBC’s official website: https://tbcbank.ge/ka. In the near future, the system will be integrated across all of TBC’s digital platforms.  The National Bank of Georgia has replenished its foreign currency reserves. Tbilisi (GBC) – The National Bank of Georgia Has Increased Foreign Exchange Reserves by $1.3 Billion Since the Beginning of the Year In July alone, the NBG replenished its foreign currency reserves by $416.9 million through interventions on the Bmatch platform. As a result, the country’s international reserves exceeded $5 billion as of the end of July. According to the NBG, foreign exchange reserves are a key guarantee of Georgia’s macroeconomic stability. Therefore, the central bank consistently prioritizes maintaining and strengthening reserve levels.

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As a result, the country’s international reserves exceeded $5 billion as of the end of July. According to the NBG, foreign exchange reserves are a key guarantee of Georgia’s macroeconomic stability. Therefore, the central bank consistently prioritizes maintaining and strengthening reserve levels.

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This trend has remained unchanged over the years. The same period last year (August 1, 2024) showed an identical market share for BOG and TBC – GEL 24.2 billion, or 81.4%.In July alone, retail deposits increased by GEL 0.5 billion. Overall, deposits by legal and natural persons rose by GEL 600 million, reaching GEL 55.67 billion.As of January–July, 61.5% of individuals’ term deposits (including those of non-residents) are in foreign currency (compared to 61.6% last year). More than GEL 9.5 billion is in USD-denominated deposits (up 20% year-over-year), and GEL 1.5 billion is in euro-denominated deposits (+30%Y.Y).

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This deal with Prosus, one of the largest technology investors in the world, will give TBC Uzbekistan access to new customer segments through OLX UZ, Uzbekistan’s 6th-most visited website. OLX Uzbekistan has 5.4 million monthly active users and 2.2 million active listings, making it a leading marketplace in services, goods, vehicles and real estate, serving over 20% of the country’s active internet users. This deal marks a milestone for Uzbekistan's fast-growing tech sector and stands among the most significant M&A deals in the country in the past 30 years.For the OLX UZ acquisition, TBC Bank Group formed a joint venture (JV) with Titan Investments, an international investment holding company backed by top-tier international institutional investors, family offices and sovereign wealth funds from the Middle East. The JV acquires 100% of OLX Uzbekistan, with TBC Bank Group owning 50% + 1 share and Titan Investments owning the remaining stake in the JV. The deal is subject to standard regulatory approvals. TBC Bank Group plans to consolidate OLX Uzbekistan, already growing profitably, into TBC Uzbekistan ecosystem.OLX Uzbekistan will continue to operate under its established brand.The JV between TBC PLC and Titan Investments brings a unique combination of expertise and successful track records of building and growing digital banking businesses and classifieds. Titan Investments team brings deep expertise in investing in and scaling high-growth digital companies, including online classifieds platforms. The joint venture will allow the Group to leverage Titan’s expertise while TBC Uzbekistan will focus on integrating digital banking products into OLX Uzbekistan and developing new products together with OLX UZ.This acquisition is set to unlock additional synergies for TBC Uzbekistan, Central Asia’s leading digital banking ecosystem reaching 21 million unique registered users and is part of TBC Group’s continued profitable growth strategy. It follows TBC Bank Group’s agreement in June to acquire a majority stake in BILLZ retail management SaaS platform, further strengthening and diversifying TBC's market-leading offering in Uzbekistan.Nika Kurdiani, CEO of TBC Uzbekistan, commented: “Our ecosystem counts 21 million unique registered users, reaching over half of Uzbekistan’s population. We continue to grow rapidly, enabling our customers to handle their financial and lifestyle needs through our seamless interface. The acquisition of the country’s leading classifieds platform OLX Uzbekistan is the next logical step in our expansion and diversification strategy, as we add new customers, continue to move into new segments and increase our share of customer attention. This acquisition is set to unlock powerful synergies between our platforms, accelerating our ability to deliver best-in-class digital banking products for existing and new customers. We are proud to partner with Titan Investments for this deal, who are bringing their successful track record of scaling classifieds into the mix. We’re delighted to be able to leverage the OLX potential and accelerate its growth and aim to fully consolidate this platform into the TBC Uzbekistan ecosystem in the longer term.”The TBC Uzbekistan business is managed by TBC Digital holding company, which is 80% owned by TBC Bank Group with EBRD and IFC each holding 10%. TBC Capital is acting as the sole M&A advisor to TBC Bank Group on this transaction.

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Bank of Georgia earned the highest amount from conversion operations, exceeding GEL 200 million (+ 9.3%Y.Y).TBC Bank saw a decline of 15%Y.Y. while Credo Bank recorded the highest growth, with a 74% increase compared to the previous year.

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