Capitalization of the Bank of Georgia exceeded GBP 2.3 billion

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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This new launch builds on the success of Visa Fast Track, operated by Primeclass for departures, introduced in 2024 as Georgia’s first service of its kind. With the addition of Fast Track for arrivals, Visa, in partnership with Primeclass, is now offering a seamless premium experience at every stage of the journey, both entering and leaving the country.Launching on August 11, Visa Fast Track, operated by Primeclass for arrivals service, allows Visa premium cardholders and Primeclass guests to bypass standard entry control lines via a dedicated express lane and tap-to-enter terminal, ensuring a faster, smoother, and more convenient arrival experience.Diana Kiguradze, Visa Regional Manager for the Caucasus and Moldova, Sinan Erem, TAV Operation Services COO, and Tea Zakaradze, TAV Tbilisi General Manager, cut the ribbon at the launch ceremony of Georgia’s first Fast Track service and officially marked the start of the Visa–Primeclass collaboration at the Primeclass Lounge in Tbilisi International Airport.“Visa is proud to launch Georgia’s first Fast Track service for arriving passengers - a new chapter in enhancing travel for our premium cardholders,” said Diana Kiguradze, Visa Regional Manager for the Caucasus and Moldova. “This is another important milestone in our partnership with Primeclass and a continuation of our commitment to delivering innovative, world-class experiences. I’m confident this exclusive service will not only improve the airport journey for our customers but also support the growth of tourism and contribute to Georgia’s economic development.”“At Primeclass, we are committed to curating seamless and comfortable airport journeys through thoughtful, guest-centric solutions. The extension of our partnership with Visa reflects this vision—introducing Fast Track arrival services at Tbilisi International Airport to enhance the travel experience from the moment guests land. By combining advanced technology with personalized service, we’re broadening access to a smoother entry experience for our guests,” said Sinan Erem, COO TAV Operation Services.“Considering the dynamics of passenger traffic growth, our primary objective is to ensure that our services remain as flexible, modern, and comfortable as possible. This is yet another new service that delivers a premium-level experience while simultaneously contributing positively to passenger circulation within our airport,” said Tea Zakaradze, General Manager of TAV Georgia, operator of Tbilisi and Batumi Airports.Visa Cardholders can utilize the Fast Track service based on their card type: Visa Platinum and Visa Platinum Business cardholders can use the service twice a year, while Visa Signature and Visa Signature Business cardholders can use it four times a year, and Visa Infinite cardholders can use it six times a year.Fast Track service is free for children under 6 years of age if they are accompanied by a Visa Premium cardholder.

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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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