Credo Bank increased ROE

Fully integrated into the wider TBC Uzbekistan ecosystem and available via the TBC UZ banking app, the new product is transforming the customer experience for insurance users in Uzbekistan by providing a seamless and fully digital service. Beginning with credit life insurance, the offering will be expanded to provide a full suite of personal insurance products.TBC Insurance was initially soft launched in April 2025, after obtaining a life insurance license from the National Agency of Perspective Projects of Uzbekistan in March 2025.This move comes as TBC Uzbekistan continues to broaden its product offering and strengthen its position as the leading digital banking ecosystem in Central Asia. Building on strong momentum, including a registered user base that now exceeds 50% of the country’s population and year-on-year growth that saw revenue and the loan book double in Q1 2025, the company has launched a series of new products over the past year. These include the Salom debit card, Osmon credit card, as well as SME banking and lending services, creating powerful synergies across the ecosystem and driving deeper customer engagement.Nika Kurdiani, CEO of TBC Uzbekistan, commented: “We see insurance as a natural extension of the TBC Uzbekistan ecosystem - a product that empowers customers to feel more secure and in control of their financial lives. With the launch of TBC Insurance, we’re continuing to thoughtfully expand our digital banking ecosystem, ensuring each new product complements the others and enhances the overall value we deliver to our customers. Insurance will be a key part of this journey, helping to deepen engagement and strengthen trust in the ecosystem.”

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Lion Finance Group (BGEO LN) shares closed at GBP 69.85/share (- 0.14% w/w and +2.42% m/m). More than 171k shares traded in the range of GBP 67.40 - 70.95/share. Average daily traded volume was 44k in the last 4 weeks. The volume of BGEO shares traded was at 0.39% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 47.90/share (+4.59% w/w and +5.74% m/m). More than 293k shares changed hands in the range of GBP 45.45 - 48.60/share. Average daily traded volume was 62k in the last 4 weeks. The volume of TBCG shares traded was at 0.52% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 20.25/share (+6.58% w/w and +5.80% m/m). More than 340k shares traded in the range of GBP 18.98 - 20.60/share. Average daily traded volume was 49k in the last 4 weeks. The volume of CGEO shares traded was at 0.86% of its capitalization. 

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In detail:⦁ The residential segment index increased by 0.3 percent compared to the previous month and increased by 8.9 percent compared to the same month of the previous year;⦁ The non-residential segment index decreased by 0.7 percent compared to the previous month and increased by 1.6 percent compared to the same month of the previous year;⦁ The civil segment index increased by 0.5 percent compared to the previous month and increased by 2.2 percent compared to the same month of the previous year.In May 2025 the Construction Cost Index (CCI) increased by 0.2 percent compared to the previous month. The change was mainly due to a 0.3 percent increase in the prices for constructionmaterials, which contributed 0.18 percentage points to the total index change.Compared to May 2024 the CCI increased by 5.0 percent. The latter was largely caused by the 17.8 percent increase in average monthly nominal wages of employees in the construction sector and by the 2.0 percent increase in the prices of construction materials, which contributed 3.62 and 1.23 percentage points to the total index change, respectively. Along with this, the Construction Cost Index posted a 23.1 percent increase compared to February 2022.The following table presents the CCI in May 2025, compared to the previous month and the same month of the previous year, as well as the contributions of cost categories and segmentsto the total index.

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However, it is higher than optimal. 18-20% is considered optimal for shareholders, and the higher the better.In turn, investor satisfaction is reflected in the country's financial market, and ultimately on the price of money and lending rates.However, the Georgian banking sector manages to maintain high profitability, even in conditions of increased resource prices.TOP -7 +3 Banks With ROE

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Of this, 97% comes from billionaires (banks with assets > 1 billion).As of 01.06.2025, Halyk Bank, with Kazakh capital, has joined the list of large-asset banks.There are 9 banks with assets exceeding 1 billion on the market. Including 8 with foreign chartered capital and 1 - Cartu.According to 5-month reporting, the sector is represented by 19 banks. Including 2 micro and 3 digital banks. Total capital is 14.569 billion GEL, 14.8% of the banks' total assets.TOP-9 Billionaire Banks (000GEL):

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Each tasting featured five varieties of Georgian wine from three different producers, accompanied by a presentation introducing Georgia as both the birthplace of wine and a modern, innovative winemaking nation.The goal of these consumer-oriented events is to diversify export markets and boost sales of Georgian wine in the U.S. - a country that has become a strategic export destination in recent years.Since 2013, the National Wine Agency has invested in targeted marketing efforts in the United States, helping to significantly raise both awareness and sales of Georgian wine. These efforts have included: Tasting seminars for wine professionals and trade representatives across various U.S. cities Regular participation in international wine exhibitions Wine tours in Georgia for American media, sommeliers, and wine industry stakeholders These initiatives aim to deepen American consumers' understanding of Georgian wine and strengthen its position in the competitive U.S. market.The agency states that continued marketing campaigns are planned, with a focus on engaging industry professionals and broadening consumer outreach.

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During the visit, he met with the World Bank Vice President for Development Finance, Akihiko Nishio.The activities to be implemented within the 21st replenishment of the International Development Association (IDA) and the evaluation of the 20th replenishment program of IDA were discussed.The World Bank Vice President thanked the Minister of Finance for the donation made by Georgia to the International Development Association and drew attention to the importance of this process.In turn, Lasha Khutsishvili, in his conversation with the World Bank President, emphasized the many years of successful cooperation with the World Bank. The Minister of Finance spoke about the current macroeconomic parameters and medium-term forecasts.The parties reviewed the projects implemented and ongoing in Georgia with the support of the World Bank.Georgia joined the number of IDA donor countries in 2022, on the 30th anniversary of cooperation with the Association, and is already participating in the second replenishment of resources as a donor.At the end of the meeting, the parties expressed their readiness to continue cooperation.

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Judge Tamar Mchedlishvili announced the decision at Tbilisi City Court earlier today.Okruashvili did not attend the hearing. According to a letter from the Penitentiary Service, the defendant had no desire to participate in the proceedings.

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