The buyer, registered in the United Arab Emirates, will receive a 100% stake in OLX’s operator, OLX Classifieds LLC.When considering the application, the regulator took into account that TBC Bank Group already owns digital bank and payment service Payme in Uzbekistan. Since both OLX and Payme hold a dominant position in the market, the committee imposed several mandatory conditions to protect consumer interests and competition.In particular, the new owners are prohibited from exerting undue influence on the terms of use of OLX through other products of the group, as well as using the commercial data of competitors in order to limit their activities.In addition, the company will not have the right to force OLX users to use only Payme or TBC Bank services for payments. It will be obliged to ensure equal conditions for all competing payment systems.The regulator determined that if the above requirements are met, the transaction will not create monopoly risks, since the buyer was not previously represented in the country's online advertising market.For reference, OLX was recently officially recognized as an operator with a dominant position in the Uzbek market.It should be noted that the group announced the acquisition of OLX back in August last year, although the plan at that time was to buy a controlling stake in OLX Uzbekistan from TBC PLC, which in turn was to be acquired from the online classifieds platform OLX Group and which represents the classifieds business of Prosus.To acquire OLX UZ last year, TBC Bank Group created a joint venture (JV) with Titan Investments - an international investment holding company supported by leading international institutional investors, investment funds and a sovereign wealth fund from the Middle East. The joint venture will acquire 100% of OLX Uzbekistan, where TBC Bank Group owns 50% + 1 share, and Titan Investments owns the remaining share.As a result of the agreement signed with Prosus last year, TBC Uzbekistan will have access to new customer segments through OLX UZ, the 6th most popular website in Uzbekistan. OLX Uzbekistan has 5.4 million monthly active users and 2.2 million active ads, making it a leader in the services, goods, cars and real estate segments, serving more than 20% of the country's Internet users.

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TBC Bank Group PLC ("TBC PLC") today announces that the Georgian Lari to Pound Sterling exchange rate that will apply to the final dividend payment for 2025 will be 3.5857, being the average exchange rate of the National Bank of Georgia for the period of 1-5 June 2026 inclusive (5 days average).As a result, on June 22, TBC PLC will distribute a final dividend of GEL 3.87 per share for 2025. With this amount, the total dividend for 2025 was GEL 8.87 (+10%, y.y), including the aggregate amounts that the Group paid out in quarters.As a reminder, the 1Q26 dividend of 1.75 GEL per share of TBC PLC will be paid on September 11.As of the end of March, the number of ordinary shares of the Group amounted to 55,726,793 units.

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Lion Finance Group (BGEO LN) shares closed at GBP 105.50/share (-5.04% w/w and -2.85% m/m). More than 258k shares traded in the range of GBP 105.50 - 111.10/share. Average daily traded volume was 59k in the last 4 weeks. The volume of BGEO shares traded was at 0.60% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 43.78/share (-2.75% w/w and -6.89% m/m). More than 393k shares changed hands in the range of GBP 43.00 - 45.34/share. Average daily traded volume was 72k in the last 4 weeks. The volume of TBCG shares traded was at 0.71% of its capitalizationGeorgia Capital (CGEO LN) shares closed at GBP 39.70/share (-5.59% w/w and +3.66% m/m). More than 176k shares traded in the range of GBP 39.30 - 42.40/share. Average daily traded volume was 67k in the last 4 weeks. The volume of CGEO shares traded was at 0.51% of its capitalization. 

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Foreign exchange reserves increased by $ 531 million in May and as of 01.06.2026, they exceed 100% of the so-called ARA metric of the IMF, at 114.8%.The NBG constantly notes that reserves are a guarantee of the country's macroeconomic stability. Therefore, the long-term policy of the central bank is always aimed at accumulating reserves. When the market and macroeconomic situation allow.Net purchases of the NBG in January-April amounted to 833 million USD. May statistics will be published on June 25.The National Bank of Georgia notes the strategic decision of 03/2024 to invest in gold. As of May of this year, as a result of the change in the price of gold, the value of monetary gold has increased by 543.2 million from the moment of its acquisition. The share is 14.9% ($1,043.2 billion).

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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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