LFG will reduce its capital by an additional GEL 55 MLN

The total audience of the ecosystem, which includes TBC Bank in Uzbekistan, payment service payme, installment service TBC BNPL, digital insurance platform TBC Sug'urta and SaaS solution for retail BILLZ, reached 24.2 million registered users as of March 31, 2026 - 23% more than a year ago. The monthly active audience was 5.8 million people.The volume of payments made through the ecosystem platforms increased by 31.1% year-on-year and reached 31.8 trillion soums (≈ $2.62 billion). The deposit portfolio increased by 24.3% to 7.1 trillion soums (≈ $585 million), and the credit portfolio increased by 3.4% to 10.4 trillion soums (≈ $857 million).Among retail products, the dynamics of the flagship debit card TBC Salom deserves special attention:The number of TBC Salom debit cards issued during the quarter exceeded 1 million, which is five times more than the figure of 230 thousand in the same period last year. The balances on these cards make up about 4% of the total deposit portfolio. The TBC Osmon credit card has reached 183 thousand units, and the balances on it account for 9% of the total credit portfolio. The company positions itself as one of the leaders in the emerging credit card market in Uzbekistan, which, according to its estimates, is showing rapid growth along with the spread of the product among consumers.Subscription packages available in TBC Bank and the payment application Payme attracted 1.1 million users, which is seven times more than in the previous year. The installment service TBC BNPL reached 190 thousand active users; the deferred payment function was integrated into the Payme application and Payme travel section, which doubled the sales of reservations and tickets through this channel compared to the first quarter of 2025.TBC is also preparing to launch auto loans in Uzbekistan this year with instant approval in less than a minute. Preliminary partnership agreements have already been signed with a number of manufacturers, dealers and distributors.The business direction TBC Biznes has 67 thousand registered clients, of which 21 thousand are active. The total number of loans issued to small and medium-sized businesses, including the self-employed, exceeded 185 thousand, which is 18% of the total loan portfolio. During the quarter, a new application TBC Biznes was launched, a multi-level subscription service was introduced to the market, and the maximum loan amount for entrepreneurs was increased to 600 million soums (≈ $49.4 thousand).SaaS platform BILLZ processed more than 11 million transactions in the first quarter, with a total volume of 5.8 trillion soums (≈ $478 million). By the end of March, the number of its users amounted to more than 4 thousand registered business clients, and the network of active merchants exceeded 6 thousand. To cover micro and small businesses, it launched BILLZ lite, a simplified mobile version of the platform.In the technological sphere, the company completed the implementation of the AI-assistant Lola for the entire user base, after successful testing in the Friends & Family mode at the end of 2025. In April 2026, the assistant was awarded by Global Finance as the best fintech innovation in the Asia-Pacific region. Other technological innovations of the quarter included the integration of QR-payments in TBC Bank using MSQR and CSQR formats, as well as the integration of payme into the bank’s partner network, which opened up access to more than 20 thousand merchants for TBC Bank customers.“The past quarter was marked by significant achievements that lay the foundation for a new stage of further growth and development of our ecosystem as the region’s leading unified platform for consumers and entrepreneurs,” said Nika Kurdiani, CEO of TBC Uzbekistan. According to him, the flagship card products are rapidly growing their audience, the business direction is already yielding visible results, and the AI-assistant Lola will in the future turn into a full-fledged personal assistant that will connect corporate and retail clients into a single ecosystem.

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According to a statement released by the Georgian Ministry of Foreign Affairs, the decision was taken within the framework of the issue - “The Council of Europe and the conflict in Georgia”. In the document, the 46 member states of the organization reaffirm their firm support for the sovereignty and territorial integrity of Georgia within its internationally recognized borders.The Committee of Ministers emphasizes that the Russian Federation continues to violate international obligations, including the ceasefire agreement of 12 August 2008, signed with the mediation of the European Union. According to the document, Moscow continues its illegal military presence in the Georgian regions of Abkhazia and Tskhinvali.In the decision, the member states recall the historic Reykjavik Summit of May 2023 and call on Russia to immediately, completely and unconditionally withdraw its armed forces from the territory of Georgia. The resolution is another legal confirmation of the Council of Europe's policy of non-recognition of Georgia's occupied regions and support for a peaceful resolution of the conflict.

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In detail: The residential segment index increased by 0.4 percent compared to the previous month and by 0.2 percent compared to the same month of the previous year The non-residential segment index increased by 2.1 percent compared to the previous month and by 3.2 percent compared to the same month of the previous year The civil segment index increased by 3.2 percent compared to the previous month and by 3.3 percent compared to the same month of the previous year In March 2026 the Construction Cost Index (CCI) increased by 1.9 percent compared to the previous month. The change was mainly due to a 7.7 percent increase in the transportation, fuel and electricity cost category, which contributed 0.94 percentage points to the total index change.Compared to March 2025 the CCI increased by 2.0 percent. The latter was largely caused by the 2.7 percent increase in average monthly nominal wages of employees in the construction sector and by the 4.3 percent increase in the cost category of transportation, fuel and electricity, which contributed 1.35 and 0.62 percentage points to the total index change, respectively.Along with this, the Construction Cost Index posted a 26 percent increase compared to February 2022.

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The theme of 2026 was “Small Steps”. The concept reflects both the history of the development of “Crystal”, which began its activities 28 years ago with small steps, as well as the creation of small, but critically important impulses that help people and businesses.These values ​​​​have defined the corporate culture of “Crystal” since its founding, and support for TEDxTbilisi 2026 is part of these values.“TEDx has become a space for many around the world, where they often find inspiration for changes in their personal or public lives. The stories and visions shared at the event can become motivation for realizing new opportunities. The path to the most ambitious goals begins with small steps,” said Ilia Revia, General Director of “Crystal”.Tbilisi joined TEDx, a global space for sharing ideas, in 2012 and, under the TED license, TEDxTbilisi hosts speakers from various fields.

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Ex-Dividend Date: 25 June 2026 Record Date: 26 June 2026 Currency Conversion Date: 26 June 2026 Payment Date: 10 July 2026 The National Bank of Georgia's Lari/British Pounds Sterling average exchange rate for the period of 22 June to 26 June 2026 will be used as the exchange rate on the Currency Conversion Date and will be announced in due course.

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According to him, ongoing strong loan demand in key segments positions the Group to capitalise on this favorable rate environment, which will support the net interest income.“At the same time, we see lower currency volatility translating into reduced foreign exchange gains. Beyond our core activities, we continue to experiment and deploy different AI applications, including personalised product recommendations and process automations, to improve customer experience and operational efficiency. While it is too early to exactly pinpoint the financial impact of these initiatives, we are focused on developing technologies that create tangible value for both our customers and investors”, - Gachechiladze said.According to Gachechiladze, macroeconomic conditions in Georgia and Armenia remained strong in early 2026, underpinned by solid domestic demand and resilient external inflows. Reflecting the sustained resilience of both economies and their strong early-year performance, we have revised our 2026 real GDP growth forecasts upward, to 7% for Georgia and 6% for Armenia.Although conflict escalation in the Middle East may weigh on the near-term outlook primarily through energy market volatility and higher inflation, both economies remain well positioned, supported by ample reserves, prudent fiscal policies, and credible monetary management. A prolonged conflict could also create upside through the Middle Corridor and shifting capital and tourism flows.

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According to National Bank President Natia Turnava, inflationary pressures largely stem from external markets, in particular, from rising prices for oil and petroleum products.“If we look at the April inflation rate in Georgia, it was largely the effects coming from external markets that made a significant contribution to inflation,” Turnava said.According to him, Georgia, as an importer of oil products, is vulnerable to fluctuations in international prices, which is further exacerbated by the ongoing conflict in the Middle East.According to the NBG, the small increase in the rate is preventive in nature and aims to stabilize inflationary expectations. In April, annual inflation in Georgia amounted to 5.9%, which significantly exceeds the target of 3%.The National Bank states that it is ready to continue the tightened monetary policy until the inflationary shocks subside and the price level returns to the target.The next meeting of the Monetary Policy Committee will be held on June 17, 2026.

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As of project director Eric Bates, the main parameters of the work are as follows: Extraction: A total of almost 6 million cubic meters of soil is planned to be removed, which is a large-scale task for the company. Breakwater construction: Preparations are underway to install a 1,380-meter-long breakwater. The construction should be completed by the end of next year. Operational efficiency: The completed infrastructure will ensure 95% of the port’s annual openness, which will allow the port to receive and service large ships. According to Eric Bates, the Anaklia project will be a significant stimulus for the Georgian economy. The entire maritime infrastructure project should be completed by the end of next year.Belgian Jan De Nul N.V. is a member of the European so-called “Big Four” company, which is carrying out the design and construction of the harbor deepening and breakwater in Anaklia.

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