Visa Partners with Primeclass to Launch Georgia’s First Fast Track Service for Arrivals at Tbilisi International Airport

As of August 1, 2025, the bank’s loan portfolio exceeds 1 billion GEL, with approximately 60% — equivalent to 612 million GEL — issued in foreign currencies (USD and EUR).In terms of deposits, more than 81.5% (over 1.003 billion GEL) are foreign currency deposits. Over half of the deposit portfolio consists of current accounts. Time deposits also show a high dollarization rate, with a coefficient of around 80%.Cartu Bank is associated with the Ivanishvili family.

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The reason for the fine was four instances of incorrect submission of documentation requested by the NBG.So far this year, four commercial banks have been fined under the "Law on Facilitating the Prevention of Money Laundering and Terrorism Financing" — including digital "Paysera", "Ziraat Bank", and "Isbank", with total fines amounting to 116,000 GEL.According to the NBG, in 2024, it has also fined two other banks — Bank of Georgia and Basisbank — with total fines amounting to 127,800 GEL.

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The average monthly traffic is approximately 600,000 transactions, amounting to nearly 300 million USD. In July, 620,000 transfers were registered, and in June, 635,000.According to the National Bank of Georgia, the inclusion of remittance data in the Creditinfo database was intended to improve access to loans. However, most individuals who rely on money sent from abroad still remain unable to access credit. Remittance data has been included in the Creditinfo database since spring 2023.Some banks offer remittance-backed loans, but in practice, only two banks are actively issuing them: Bank of Georgia and TBC Bank.

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"Despite the weakness of global markets and the trend of the Georgian lari strengthening against the US dollar — which reduces the profitability of assets denominated in foreign currency — July’s positive performance was mainly driven by the high and stable returns of assets denominated in the local currency," the Pension Fund noted.In July, the conservative portfolio recorded the highest growth at 0.62%, followed by the balanced portfolio with 0.51%, and the dynamic portfolio with 0.20% growth.It’s also worth noting that the Consumer Price Index (CPI) decreased by 0.17% in July, which had a positive impact on the real returns of the portfolios.Although July was relatively weaker for the dynamic portfolio, it remains the top performer in terms of year-to-date profitability. Nonetheless, all three portfolios maintain a relatively high rate of return: Conservative – 6.00% Balanced – 6.50% Dynamic – 7.08% For reference, the dynamic portfolio also leads in terms of long-term profitability. Since the portfolios were launched (on August 6, 2023), its annualized return stands at 13.3%, compared to 12.5% for the balanced and 11.5% for the conservative portfolio.As of the end of July, the Pension Fund’s total assets exceeded ₾7.2 billion, and the generated returns surpassed 1.8 billion GEL.

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As of July 31, 2025, a total of 21,972 citizens have benefited from the funded pension system, and ₾95.4 million has been disbursed to them in the form of pension payments.

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According to the Ministry of Finance, the document notes that Georgia has demonstrated sustainable economic growth and an improved macroeconomic environment. The stable outlook for the rating is attributed to the country's economic and fiscal resilience, supported by a relatively strong policy framework.Due to higher-than-expected current economic growth, S&P has raised its 2025 forecast for Georgia to 7.1%, up from 5.7% at the beginning of the year. The forecast for the current account deficit has also improved and is now expected to be 4.1% in 2025, instead of the previously projected 5.0%.The rating agency views Georgia’s fiscal and monetary policy framework as relatively prudent and forward-looking in the regional context, attributing this to structural reforms, which have contributed to an improved business environment.S&P notes that sustained economic growth and well-managed fiscal policy are helping to maintain government debt at low levels. Regarding monetary policy, the report highlights the recent increase in foreign reserves, driven by inflows of capital and revenues from tourism. The agency expects these reserves to grow further.S&P assesses Georgia's banking system as well-capitalized, with strong liquidity being maintained. It also notes that measures implemented by the National Bank are contributing to a reduction in dollarization.Importantly, according to the rating agency’s methodology, Georgia’s economic assessment score has improved — the first such upgrade in recent years. This reflects strong growth in GDP per capita, which, under the agency’s criteria, would typically warrant an upgrade of the sovereign rating to BB+.However, due to ongoing geopolitical tensions, an adjustment notch was applied, resulting in the rating remaining at BB with a stable outlook.

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Lion Finance Group (BGEO LN) shares closed at GBP 78.80/share (+3.28% w/w and +10.99% m/m). More than 350k shares traded in therange of GBP 76.15 - 79.85/share.Average daily traded volume was 49k in the last 4 weeks. The volumeof BGEO shares traded was at 0.79% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 48.10/share (+1.48% w/w and +0.10% m/m). More than 556k shares changedhands in the range of GBP 42.20 -50.70/share. Average daily traded volume was 72k in the last 4 weeks. The volume of TBCG shares traded was at 0.99% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 23.10/share (+8.20% w/w and +14.36% m/m). More than 477k shares traded in the range of GBP 21.90 - 23.65/share. Average daily traded volume was 72k in the last 4 weeks. The volume of CGEO shares traded was at 1.21% of its capitalization.

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According to Creditinfo, in July 2024, 313 consumers saw a drop in their credit scores due to delayed payments — specifically, their first overdue period exceeded one month.As of August 1, 2025, the total leasing portfolio has increased to 709 million GEL, up from 524 million GEL a year earlier.Overall, the Creditinfo database shows 1.959 million active borrowers (across banks, microfinance institutions, leasing companies, microbanks, etc.). Banks account for 65.4 billion GEL, or 93.7% of the total credit portfolio, which stands at 69.8 billion GEL. This ratio has remained stable for the second consecutive year.The leasing market includes several active companies, most of which are bank subsidiaries, such as TBC Leasing, BB Leasing, Teraleasing, Crystal, and Alliance Group. Additionally, Tegeta Leasing, part of a large automotive group, plays a major role in the sector.

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