MFO's portfolio exceeded 2 billion – Rating

"We are proud to announce a very exciting partnership between Tskali Mtis • Water MTIS and one of the world's famous football clubs PSG - Paris Saint-Germain.Tskali Mtis has become the official regional partner of Paris Saint-Germain," Nana Janjgava wrote.According to Temur Chkonia, owner of Coca-Cola Bottlers Georgia and McDonald's Georgia, this collaboration will offer consumers not only a premium drink, but also their own vision and support the development of sports and culture among young people.“We are delighted to sign a partnership between “MTIS” and “Paris Saint-Germain”. This collaboration will help us offer consumers not only a premium drink, but will also highlight our vision, now at the international level, to support sports, cultural development of young people, and innovations,” said Temur Chkonia.Water MTIS is a natural, mineral water, which is produced by the Coca-Cola Bottlers Georgia company.

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Total credit investments amounts to 3 -013 billion GEL as of February 1.The volume of the retail portfolio has increased, while the number of loans has decreased.In the first half of 2024, Basisbank had issued 51,480 loans worth 817 million GEL to individuals.At the end of the year, 48,132 units of credit worth 863.9 million GEL.The Chinese Hualing Group Bank, which was strengthened by Russian assets (sanctioned by VTB) in 2022, is positioned in 4th place in the market with assets of more than 4 billion GEL and a 4.2% share. It is also 4th in credit investments with a 4.7% market share and 1.11% points away from the 3rd position held by Liberty Bank.

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The dollarization ratio of assets still exceeds 66% (636 million GEL, equivalent to 1.239 billion GEL in foreign currency).In February, the foreign currency loan portfolio also decreased by 4.3%, to 640 million GEL (L/m – 668.66 million).As of March 1, the dollarization ratio of loans is 59%. In February, it decreased by 0.8% percent, and annually by 0.6 percent point (L/y – 59.6%).More than 90% of Cartu's lending is business loans. Most of them are in the direction of real estate management and development, as well as for financing the production of consumer goods.In the retail portfolio, a total of 1,760 loans worth 40 million have been issued.From loans, the bank's interest income is 8. 3 million GEL (L/I – 9.6 million).In January-February, Cartu received a net profit of 3.7 million GEL (01.03.2024 – 4.9 million).

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However, opening an account is still not possible. The customer must come to the branch. After that, ordering a card, opening a deposit, activating tariff packages and other operations will be possible.This will be required if the customer refuses Internet and mobile banking when opening an account.Opening a deposit, using a deposit certificate, ordering a flexible card, activating tariff packages, and other services and products are available through Internet and mobile banking without an electronic signature.It is likely that Terabank customers will need an electronic signature mainly to update operational documentation (they will have to come to the service center to sign it).According to the bank, the electronic signature was introduced in cooperation with the Signify platform. This is part of Terabank's digitalization initiative.

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According to the economic activity the highest monthly earnings were observed in the following fields:⦁ Information and communication – 4 008 GEL (decreased by 7.0 percent compared to the corresponding period of the previous year);⦁ Financial and insurance activities – 3 373.5 GEL (increased by 8.5 percent);⦁ Construction – 3 361.8 GEL (increased by 9.8 percent);⦁ Professional, scientific and technical activities – 3 259 GEL (increased by 11.6 percent).In 4Q2024, the average earnings for women equaled 1 778 GEL, while for men, they were 2 653 GEL. The annual earnings growth amounted to 171 GEL (10.7%) for women and 189 GEL (7.7%) for men. In all sectors, the average monthly earnings of men were higher than those of women.In 4Q2024, the average monthly earnings of employees in the business sector increased by 170.8 GEL (7.8%) and equaled 2 367 GEL. According to the economic activity the highest monthly earnings were observed in Information and communication (4 078 GEL, decreased by 7.7% compared to the corresponding period of the previous year) and professional, scientific and technical activities (3 663 GEL, increased by 8%).In 4Q2024, compared to the same quarter of the previous year, the average monthly earnings of employees in the non-business and financial sector increased by 189.7 GEL (10.7%) and amounted to 1 955 GEL. According to the economic activity the highest monthly earnings were observed in the Financial and insurance activities.Regional differences in salaries: Tbilisi is still in the leader with an average salary of 2,583 GEL, while Racha-Lechkhumi and Kvemo Svaneti are in last place with an average salary of 1,060 GEL.

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According to the money transfer statistics published today by the National Bank of Georgia, the maximum share of transfers comes from EU countries, accounting for 44%, corresponding to 110.7 million USD.Among EU countries, Italy, Germany, and Greece have notably high shares in total money transfers.The National Bank reported a 44.7% decrease in money transfers from the Russian Federation in February compared to the previous year.In February 2025, the volume of money transfer inflows to the nation was 252.3 million USD, 5.3% less than the previous year.Georgia transferred 28.7 million USD (80.9 million GEL) overseas in February 2025.

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According to him, the ongoing changes in the world have reached a logical conclusion: today, a “ring of fire” is forming, extending from Ukraine to the Middle East. In his assessment, the global economy faces unprecedented pressure, and once-close allies are now treating each other as adversaries.“In this difficult environment, we cannot remain passive observers. Diplomacy is our only weapon in the international arena. Therefore, yes, when the former president forced the state to abandon this only weapon by refusing to appoint ambassadors, we must urgently correct this mistake and allow Georgian diplomats to effectively protect Georgia’s interests. We act in Georgia’s national interests. This is the only star by which alignment will lead us to safety. Any other target, any other star could cost our country dearly,” Makhashvili declared.According to him, in the current global chaos, Georgia is not waiting for opportunities but creating them itself.As the committee chairperson noted, each foreign visit by Georgia’s Prime Minister, Minister of Foreign Affairs, and members of the government and parliament creates new opportunities and initiates the implementation of new beneficial ideas or major projects.“But let’s not deceive ourselves – some forces are trying to drag Georgia into chaos. These forces haven’t disappeared anywhere. Moreover, they are now building a comfortable nest on the European continent, so they can continue to lecture us while hiding behind European institutions.Encouraged by this, the opposition is ready to sacrifice everything to seize power, caring for neither Europe, nor America, and most regrettably, nor Georgia’s national interests. None of these are valuable to them. Only their narrow political interests are valuable, and for this, they will curse America if necessary, the European Union too, and throw in Georgia’s future along with it.One day they deify the American ambassador, the next day they bury the entire embassy. They’ve done it, they’re doing it, and they will continue to do it,” Makhashvili stated.According to him, peace is not a gift but a responsibility. In this regard, the government has repeatedly proven to the population that they can rely on the Georgian Dream’s administration and its responsible policies, even in the most difficult times.“While the opposition, together with their internal and external accomplices, drags the country toward the abyss, we will responsibly continue the country’s development and care for the population,” Levan Makhashvili declared.

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The relevant decree was signed by Irakli Kobakhidze.Natia Turnava was appointed as the President of the National Bank of Georgia on February 7 of this year. Since June 2023, she has held the positions of First Vice-President and Acting President of the NBG. Since 2022, she has been a member of the Board of the National Bank.Natia Turnava is an economist by profession, holds a Doctor of Economics degree, which was awarded at Tbilisi State University, and received a Master of Business Administration degree from the University of Cumbria in Great Britain.She has studied at Harvard University's John F. Kennedy School of Government, the Joint Vienna Institute (JVI), and other institutions. She was a lecturer at several higher education institutions in Tbilisi.It is noteworthy that Natia Turnava became the first woman in the history of Georgia to hold the post of president.

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