Basisbank has increased the interest rate on EUR deposits

Lion Finance Group (BGEO LN) shares closed at GBP 76.30/share (+3.74% w/w and +10.26% m/m). More than 241k shares traded in the range of GBP 74.60 - 78.15/share. Average daily traded volume was 41k in the last 4 weeks. The volume of BGEO shares traded was at 0.54% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 47.40/share (- 1.96% w/w and +2.82% m/m). More than 244k shares changed hands in the range of GBP 47.00 - 49.20/share. Average daily traded volume was 61k in the last 4 weeks. The volume of TBCG shares traded was at 0.43% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 21.35/share (+0.95% w/w and +11.43% m/m). More than 381k shares traded in the range of GBP 20.95 - 21.65/share. Average daily traded volume was 61k in the last 4 weeks. The volume of CGEO shares traded was at 0.96% of its capitalization. 

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As of the document, the annual inflation rate was mainly influenced by price changes for the following groups:Food and non-alcoholic beverages: the prices in the group increased by 10.4 percent, contributing 3.45 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: vegetables (25.5 percent), oils and fats (17.0 percent), coffee, tea and cocoa (13.6 percent), fish (9.9 percent), mineral waters, soft drinks, fruit and vegetable juices (9.4 percent), bread and cereals (8.7 percent), milk, cheese and eggs (8.5 percent), fruit and grapes (8.2 percent), sugar, jam, honey, chocolate and confectionery (7.7 percent), meat (4.5 percent);Health: the prices increased by 9.5 percent, contributing 0.8 percentage points to the overall index. The prices were higher for the following subgroups: out-patient services (10.5 percent), hospital services (9.2 percent), medical products, appliances and equipment (8.4 percent);Transport: the prices for the group decreased by 3.8 percent, contributing -0.48 percentage points to the overall index. Within the group the prices decreased for operation of personal transport equipment (-6.1 percent).

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Eldar Shengelaia received his higher education at the All-Union State Institute of Cinematography. From 1957 until 1959, he worked at the Mosfilm studio. He joined the Georgian Film Studio in 1960.Shengelaia shot his debut film, The White Caravan, in 1963 together with Tamaz Meliava.Notable films by Eldar Shengelaia include: Well (2020), A Chair (2016), Dog Rose (1996), Express Information (1993), Blue Mountains, or Unbelievable Story (1983), Samanishvili’s Stepmother (1977), The Eccentrics (1973), Unusual Exhibition (1968), Miqela (1965), A Snow Fairy Tale (1959), and Legend of the Ice Heart (1957).He was awarded the Shota Rustaveli Prize, St. George’s Order of Victory, the Golden Order of Saint George, and the title of Honorary Citizen of Tbilisi.

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According to the statistics of the National Bank, as of 1Q25, the amount of money in current and demand deposit accounts of retail clients of the bank has decreased. The share is 6.7% (2024 – 10%).According to the NBG's interactive statistics, the annual growth of foreign currency deposits is 18.9% and has maintained an upward trend in the last 3 months (05/2025 +18.2Y.Y; 04.2025 – 16.6%Y.Y).

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The issuer will use the raised funds for the construction of a logistics center in Tbilisi.Investor demand for the bonds exceeded the volume of securities.“This is the 8th transaction since 2016, 7 of which were carried out in cooperation with TBC Capital. This is also the 7th transaction for TBC Capital on the Georgian securities market this year: this year we participated in an issue of more than 300 million GEL. TBC Capital is the market leader with a 68% share,” - Otar Sharikadze, Director of TBC Capital said.

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The strategy aims to improve access to information about the NBG’s vision, priorities, and plans in the area of consumer protection for the public and all interested stakeholders. It also supports more effective planning of supervisory activities and enhances financial institutions’ awareness of upcoming initiatives.The document outlines key priorities and strategic directions for market conduct supervision, along with evaluation indicators and a monitoring framework.In particular, the strategy reinforces principle-based supervision in consumer protection. This shift moves beyond passive assessments of compliance with legal requirements toward identifying current and emerging risks and challenges and addressing them through proactive supervisory actions and practical solutions.As part of a more consumer-focused approach, thematic inspections will be conducted. These will help better highlight sector-specific challenges and identify areas for improvement.In addition, to support the development of a sustainable and healthy market environment beyond the existing regulatory framework, the National Bank will issue guidelines and recommendations. These tools will promote fair competition and better safeguard consumer interests.The strategy also places greater emphasis on encouraging financial institutions to adopt approaches tailored to different consumer segments.The Market Conduct Supervision Strategy will be reviewed and updated every three years. Priority areas will be reassessed, and changes introduced as needed in response to evolving challenges.

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The investment firm notes that the trend observed over recent months has remained stable: exports remain strong, largely due to re-exports of vehicles, while import growth remains weak, partly because of a decline in car imports.Remittance flows also showed positive momentum, increasing by 12.2% year-over-year in June. Meanwhile, tourism revenues grew 5% annually in the second quarter, up from 2.3% in the first quarter, despite short-term disruptions from the conflict in the Middle East.The European Union remained the largest source of foreign exchange inflows, accounting for 20.3% of total inflows in Q2, although slightly down from 21.7% in Q1.“As we’ve emphasized in previous reports, strong net foreign exchange inflows are one of the three key factors supporting the GEL (Georgian lari),” TBC Capital said.“Of the remaining two, the US dollar has strengthened slightly following the US-EU preliminary trade agreement, while the GEL deposit conversion dynamics in July present a more mixed picture.”Despite this, pressure for GEL appreciation remains strong, as reflected by the National Bank of Georgia’s (NBG) ongoing foreign exchange interventions. According to TBC Capital estimates, the NBG purchased more US dollars in July than in previous months, indicating significant foreign currency inflows.TBC Capital’s short- and long-term exchange rate models suggest that the GEL remains slightly undervalued compared to its equilibrium level.As of June, annual inflation reached 4.0%, showing a moderate acceleration from the previous month but remaining broadly in line with expectations. Food prices remain the primary driver of inflation, although service inflation was also elevated in June.It’s worth noting that the temporary effect of reduced internet fees, which had helped lower inflation by around 0.4 percentage points, is expected to expire in July and August.“If inflationary pressures intensify, which is not our base-case scenario, the excess of foreign currency in the economy would likely contribute to further appreciation of the GEL,” the review states.At its July 30 meeting, the NBG opted to keep the refinancing rate unchanged at 8%, citing a balance of risks.According to TBC Capital, non-cash spending remained stable across June and July, after three months of consecutive growth. This contributed to a slowdown in annual spending growth. Migrant and non-resident spending showed similar dynamics, with non-resident expenditures, a key real-time indicator of tourism, improving in July.Based on preliminary estimates from Geostat, Georgia’s economic growth in June was 6.3%, with an average of 7.1% for Q2.

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In total, in the first half of the year (H1/2025) it was 357 million GEL (H1/2024 – GEL 350 million. +2%Y.Y).According to the statistics of the National Bank of Georgia, conversion operating income in the TOP-10 with large assets increased to Cartu, Liberty, Credo and Bank of Georgia, while decreased to TBC, ProCredit and Basisbank.The consolidated figure also includes the trading of digital and microbanks. As of H1/2025, the largest amount, 322,000 GEL, falls on Paysera. Pave and MBC earned 150,000-150,000 GEL. Crystal has a loss of up to 3 million.Banks with profits from buying and selling currencies

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