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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MFO "B Credit" was fined GEL 4,000 for deceiving the supervisor. The NBG noted 2 facts of providing incorrect data.Each case is subject to a fine of GEL 2,000, and accordingly, GEL 4,000 was issued.

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Lion Finance Group (BGEO LN) shares closed at GBP 116.10/share (-0.77% w/w and +2.47% m/m). More than 264k shares traded in the range of GBP 110.50 - 119.30/share. Average daily traded volume was 39k in the last 4 weeks. The volume of BGEO shares traded was at 0.61% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 48.12/share (+1.05% w/w and +8.57% m/m). More than 294k shares changed hands in the range of GBP 46.00 - 49.32/share. Average daily traded volume was 51k in the last 4 weeks. The volume of TBCG shares traded was at 0.53% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 39.55/share (-5.16% w/w and -5.38% m/m). More than 95k shares traded in the range of GBP 39.30 - 42.35/share. Average daily traded volume was 29k in the last 4 weeks. The volume of CGEO shares traded was at 0.28% of its capitalization. 

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According to the information available to us, these individuals offer citizens alleged assistance in settling loan obligations supposedly owed to the NBG, as well as in carrying out other similar financial operations. In one particular case, a citizen was informed that potential unauthorized access to their personal banking data and an attempted loan activation had been detected. To supposedly verify this, the individual was instructed to log in to their internet and/or mobile banking account using their credentials.During these communications, users are also asked to provide the login credentials required to access their internet and/or mobile banking accounts, including their username and password, as well as other personal and financial information.Please note that if such information is disclosed, fraudsters may gain access to your bank accounts, creating a risk of unauthorized transactions and resulting in financial loss or damage.The National Bank of Georgia urges citizens to exercise particular caution and vigilance. Do not disclose your personal or financial information, including the username and password required to access your internet and/or mobile banking accounts. Furthermore, do not enter such information into suspicious links sent by unknown individuals, and do not attempt to carry out banking or payment card transactions through them. If you encounter such a situation, please contact the relevant law enforcement authorities.We remind you that, as part of its efforts to protect the rights of financial sector consumers, the National Bank of Georgia periodically publishes warning and educational information on commonly used financial fraud schemes. Relevant materials are available on the official website of the National Bank of Georgia and its financial education website.

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