According to the NBG, additional protective mechanisms apply in cases where a tax service provider (including a commercial bank, micro-bank, registered tax service provider and microfinance organisation) simultaneously reveals four circumstances: Payment transaction is associated with high-risk fraud activity; An unusual pattern of consumer spending and behavior is identified; The amount of the payment operation exceeds 500 GEL; The age of the customer is above 60. “In all the cases listed above, the payment service provider is required to suspend the execution of the electronic payment transaction initiated by the user for 48 hours, contact the user, and provide appropriate information regarding risks or potential fraud in a simple and understandable manner.The customer will have 48 hours to make the final decision. If the customer decides to continue the operation, he/she should confirm to the service provider.The amendment complies with the best international practice. A similar approach, namely, a mechanism for suspending high-risk transactions of a certain volume, is in place in countries such as the U.S., Canada, Brazil, the United Kingdom and EU member states,” the NBG said.

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According to the National Bank of Georgia, the GEL portfolio is 44 million, and the foreign currency equivalent is 31 million. The retail portfolio of banks has increased by 17.3% annually, including up to 20% in GEL, and +7% in foreign currency Y.Y.The volume of lending to the resident household sector is 40.63 billion GEL.As of 7m/2026, the larization ratio of total loans is 58.7% (7m/2025 - 58.06%).

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Lion Finance Group (BGEO LN) shares closed at GBP 134.20/share (+2.52% w/w and +17.31% m/m). More than 216k shares traded in the range of GBP 130.50 - 135.60/share. Average daily traded volume was 51k in the last 4 weeks. The volume of BGEO shares traded was at 0.50% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 50.50/share (+5.87% w/w and +6.18% m/m). More than 265k shares changed hands in the range of GBP 47.70 - 51.35/share. Average daily traded volume was 55k in the last 4 weeks. The volume of TBCG shares traded was at 0.48% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 44.00/share (+0.46% w/w and +10.00% m/m). More than 207k shares traded in the range of GBP 43.75 - 45.30/share. Average daily traded volume was 42k in the last 4 weeks. The volume of CGEO shares traded was at 0.60% of its capitalization. 

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MFO Central has violated the reporting rules: in 1 case, it submitted documentation to the supervisor late. In 2 cases, it submitted information to the NBG incorrectly.Accordingly, it was fined with GEL 2,000 three times and has to pay a total of GEL 6,000.Some of MFO's Pakistani owners also have Georgian citizenship.MFO Central is represented in the microfinance market with up to 6 million GEL capital, 14.2 million GEL assets, including a loan portfolio of GEL 6.8 million. Interest income (2,237,830 GEL) is mainly from the pawnshop (1,365,790 GEL).

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The dividend will be paid in pounds sterling to holders of ordinary shares of TBC PLC of record on the shareholders’ register at the close of business on 23 October 2026.The ex-dividend date is 22 October, the record date is 23 October, the currency conversion date is 6 November and the payment date is 20 November.The GEL/GBP exchange rate to be used for the payment of the 2026 Q2 dividend in GBP will be determined by the 5-day average of the official exchange rate published by the NBG, covering the period from November 2 to November 6, 2026.

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International reserves are a crucial guarantor of the country's macroeconomic stability. Consequently, the long-term policy of the National Bank of Georgia (NBG) remains focused on reserve accumulation and the efficient management of reserve assets. The NBG replenishes foreign exchange reserves when FX market conditions and the macroeconomic environment allow. Throughout 2026, driven by favorable FX market conditions, the NBG has been actively accumulating reserves, with total net purchases during January-June amounting to USD 2,078.4 million. The net purchase statistics for July 2026 will be published on August 25.Notably, in 2024, the NBG diversified its reserves by making its first-ever investments in gold, a strategic decision by the central bank. Since then, the price of gold assets has risen significantly, further boosting gross international reserves. In June 2026, the NBG purchased an additional USD 100 million worth of monetary gold for its gross international reserves. As a result, as of July 2026, the share of gold in total international reserves stands at 13.5 percent (USD 1,014.1 million).The National Bank of Georgia will publish the updated data on gross international reserves on September 7, 2026.

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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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