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NBG reports 12% increase in September remittance flows, reaching USD 3...

In the first nine months of the year, a total of USD 2,691.4 million has been transferred into the country.The latest statistics published by the National Bank reveal that the highest share of remittances is from European Union countries, accounting for 45.4%, approximately USD 144.3 million, with an annual growth rate of 11.7%.“Among EU nations, Italy, Germany, and Greece constitute a significant portion of the total remittances. Additionally, the upward trend of remittances from the United States continues. Notably, in September, remittances from the USA increased by 21.7% year-on-year, amounting to USD 59.7 million. In September 2025, Georgia received USD 38.2 million (GEL103.5 million) in remittances, which is 12.7% higher than the USD 33.9 million sent in September 2024,” reads the NBG’s press statement.

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The Minister introduced Georgia's macroeconomic indicators to the WB V...

According to the Ministry of Finance, the discussion centred on ongoing and planned projects supported by the World Bank across both the public and private sectors. These encompass initiatives focused on developing road infrastructure, boosting connectivity, and strengthening human capital, among other areas.“The Minister of Finance briefed the Vice President on Georgia’s current macroeconomic situation and medium-term forecasts. Notably, the World Bank recently revised Georgia’s economic growth outlook upwards to 7%,” the Ministry stated.The Vice President of the Bank highlighted the significance of ongoing cooperation with Georgia and expressed optimism that the supported projects will foster sustainable development within the country’s economy.“Roland Price, Regional Director of the World Bank for the South Caucasus, Ekaterine Guntsadze, Deputy Minister of Finance, Vakhtang Tsintsadze, Deputy Minister of Economy and Sustainable Development, and Tamar Taliashvili, Georgia’s Ambassador to the United States, attended the meeting,” the Ministry added.

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TBC Bank Group appoints Monica Kalia as independent director

Ms. Kalia brings a strong blend of financial, technological, strategic, and governance expertise, developed through senior executive and non-executive positions at leading institutions including Goldman Sachs, Credit Suisse, the Money and Pensions Service, and LifeSight Ltd. She has extensive hands-on leadership experience in fintech innovation, digital transformation, and data-driven business models, complemented by deep knowledge of regulatory compliance and risk management.Arne Berggren, Chairman of the TBC Bank Group PLC Board, said: "We are thrilled to have Monica Kalia join TBC. Her unique experience and perspectives will enrich the Board's capabilities and play an important role in advancing the Group's long-term ambitions."TBC PLC confirms that there are no further details that are required to be disclosed under LR 9.6.13R of the Listing Rules of the Financial Conduct Authority.Following her appointment, Committees composition shall change as follows with the effect of 1 November 2025:

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The income of financial enterprises made up GEL12.1 billion

At the end of 2024, cash held by enterprises engaged in financial services amounted to 2.9 billion GEL. At the same time, fixed and non-produced assets balance sheet value reached 2.5 billion GEL.In 2024, average number of employees of enterprises engaged in financial services equaled 42.5 thousand, of which 65.9 percent were females.In 2024 insurance companies earned premium (gross) of 1.1 billion GEL, of which: 41.7% - was attributable to medical (health) insurance 11.8% – to property insurance 9.2% – to life insurance 6.7% – to motor third party liability 1.4% – to accident insurance and the rest (29.2%) was allocated to other types of insurance.In 2024, incurred claims (gross) incurred by insurance companies amounted to 707.6 million GEL, of which: 52.6% - was assigned to medical (health) insurance 5.5% – to life insurance 4.6% – to motor third party liability 4.5% – to property insurance 0.3% – to accident insurance and the rest (32.5%) was allocated to other types of insurance.

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TBCG LN shares have a negative trend on the LSE

Lion Finance Group (BGEO LN) shares closed at GBP 77.85/share  (+2.37% w/w and +1.90% m/m). More than 190k shares traded in the range of GBP 76.70 - 79.15/share. Average daily traded volume was 57k in the last 4 weeks. The volume of BGEO shares traded was at 0.43% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 44.50/share (- 1.00% w/w and -0.11% m/m). More than 355k shares changed hands in the range of GBP 44.30 -45.45/share. Average daily traded volume was 115k in the last 4 weeks. The volume of TBCG shares traded  was at 0.63% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 23.70/share (+0.00% w/w and -0.21% m/m). More than 172k shares traded in the range of GBP 23.20 - 24.20/share. Average daily traded volume was 49k in the last 4 weeks. The volume of CGEO  shares traded was at 0.44% of its capitalization.

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September was the second "best month" of the year for pension funds

The dynamic portfolio, which has the highest share of international equities compared to other portfolios, increased by 2.56% in September, while the balanced and conservative portfolios recorded increases of 1.98% and 1.47%, respectively.Since the beginning of the year, the profitability of all three portfolios has been quite high: Dynamic – 12% Balanced – 10.3% Conservative – 8.9% According to the Pension Fund, it is noteworthy that since the date of its creation (August 6, 2023), the Dynamic Portfolio has also been leading in terms of annualized income, and its profitability reaches 14.5%, while the corresponding indicators for the Balanced and Conservative portfolios are 13.2% and 11.9%.By the end of September, the assets of the Pension Fund of Georgia exceeded GEL 7.7 billion, and the generated income exceeded GEL 2 billion.

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Silk Bank is counting losses

In August, the bank's credit portfolio decreased to 115.3 million GEL (01.08.2025 – 117.8 million), which is an increase of 5 million in the annual rate.The bank's deposit portfolio has also decreased to 134 million GEL. Only 28.7 million GEL equivalent of the portfolio comes from foreign currency deposits.In the last reporting month (08/2025), the bank's share capital was reduced by 2 million (01.08.2025 - 66.8 million).

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Euro Credit makes it easier to issue car loans

All lending entities, including MFOs, NBG forced all lenders to weigh the loan burden when designing the product so that it does not become heavier after the grace period expires.MFO Euro Credit is issuing a pawn loan for the purchase of a car before the New Year without an approval fee (which is up to 4% by default) and a collateral fee (GEL160), at an annual rate of 26% to 42% (effective up to 50%).The borrower pawns a car manufactured since 2003, with a technical inspection, which remains in the ownership of the borrower and provides access to 80% of the value.MFO's 86 million GEL portfolio mainly consists of pawned loans. MFO’s assets include property owned up to 80,000 GEL.According to MFO, business loans are also issued at an annual rate of 24-36% (effective up to 50%).In "Euro Credit", loans are issued for a term of up to 6 years, in an amount of up to 200,000 GEL.MFO "Euro Credit" main financial indicators (period: Q2/2025)

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The pace of foreign currency lending has accelerated again

According to the NBG's monthly review, the interest rate on loans issued to legal entities in the national currency increased by 0.3 percentage points to 13.4% in August. The foreign currency loan rate decreased by 0.8 percentage points to 9.6% in the last reporting month.The interactive statistics of the National Bank of Georgia shows, that  the corporate loan portfolio of banks as of September (01.09.2025) exceeds 31.3 billion GEL, of which 64% - GEL 20 billion. is denominated in foreign currency.In particular, 65.4% - 17.7 billion GEL of the long-term loans (27.1 billion GEL) portfolio is foreign currency.In GEL, the annual growth rate of lending to legal entities has decreased to 16.4% (L/m +17.7%Y.Y, L/y +23%Y.Y).In foreign currency, the pace has accelerated since May, and in August it also increased to + 14.8% Y.Y (L/m + 14.4%Y.) However, in terms of the year, as a result of several rounds of NBG regulations, growth has been subdued year-on-year (L/y + 19% Y.Y.).

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NBG’s FSC leaves cyclical component of countercyclical capital buffer...

According to the NBG’s data for August 2025, banks have healthy capital and liquidity ratios.As of the NBG’s data, in August 2025, annual growth in loans, excluding the effect of the exchange rate, amounted to 14.8%, which the regulator largely attributes to the growth in business loans.According to the National Bank’s second-quarter data, the ratio of loans to gross domestic product remains below the long-term trend, and the ratio gap is negative.As of the analysts, the strong economic growth in the first half of 2025 slowed down the pace of closing the loan-to-GDP gap, although the loan-to-GDP ratio continues to gradually approach its long-term level. Accordingly, there is no need to change the cyclical component of the countercyclical capital buffer at the current stage. In addition, commercial banks will continue to gradually accumulate the neutral component of the countercyclical capital buffer.

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