Growth in Ruble Turnover

According to NBG statistics, in July time deposits increased by GEL 553 million.Total deposits (excluding non-bank and government deposits) stood at GEL 57.085 billion, with a dollarization rate of 54% (compared to 53.2% on August 1, 2024, when deposits also totaled GEL 57.085 billion).As of August 1, 2025, the average annual market rate on time deposits in lari was 9.55%, while on foreign-currency deposits it was 2.59% (compared with 9.1% and 2.3%, respectively, a year earlier).Within foreign-currency deposits, the share of US dollars was 79.2%, up from 77.9% on August 1, 2024.

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In the reporting period majority of hotels and hotel-type enterprises operated in Tbilisi (22.5 percent) and Adjara A/R (20.5 percent). The chart №1 shows the distribution of the number of hotels by regions.In 2024, the most common organizational and legal form among economic entities engaged in hotel services was the “individual entrepreneur,” accounting for 62.9% of all hotels and hotel-type establishments in operation that year.Hotels and hotel-type establishments were predominantly privately owned, with 99.8% in private ownership and 0.2% in state ownership.The total area of hotels and hotel-type establishments operating in Georgia in 2024 amounted to 3,610.5 thousand square meters, 2.4% more than in 2023. The residential area of rooms specifically reached 1,616.5 thousand square meters, up 4.1% compared to the previous year.According to GeoStat, the total number of beds in hotels and hotel-type establishments in 2024 was 113.5 thousand, 5.3% higher than in 2023. The total number of rooms increased by 2.1% compared to the previous year, reaching 51.2 thousand.In 2024, Georgian hotels and hotel-type establishments served 5.8 million guests, a 16.5% increase compared to the previous year. Foreign visitors accounted for 63.5% of all guests, with the majority being citizens of Israel (549.9 thousand, or 14.9% of total guests), representing a 57.4% increase over 2023. Citizens of the European Union—mostly from Germany (30.6% of EU guests) and Poland (20.8%)—made up 8.2% of all foreign guests.Most foreign guests visited Georgia for leisure and recreation (89.8%). Among these, the majority were citizens of Israel and the Russian Federation, accounting for 15.4% and 14.7%, respectively.In 2024, hotels and hotel-type establishments in Georgia employed 29,082 people, with women making up the majority (53.3%) of the workforce.

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Compared to the corresponding quarter of the previous year, the Unit Value Index of Agricultural Products increased by 12.8 percent. The latter was largely caused by the 20.1 percent increase in the unit value of live animals and animal products, which contributed 9.11 percentage points to the total index change. In the same period, the unit value of perennial crops went down by 10.6 percent and went up by 37.8 percent for non-perennial crops, with the relevant contribution of -4.11 and 7.82 percentage points to the total index change, respectively. The following table shows the Unit Value Index of Agricultural Products for the second quarter of 2025, compared to the previous quarter and the corresponding quarter of the preceding year, as well as the relevant contributions of the agricultural product groups to the change in the overall index:

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The project was developed through close collaboration between the bank’s AI, digital development, and business operations teams.The resulting tool meets international standards while also being tailored to the specifics of the Georgian market. The generative AI technology enables the chatbot to analyze customer inquiries and provide detailed responses on a wide range of financial topics. Its functionality is continuously expanding, turning it into a true AI assistant for customers.The chatbot is currently available on TBC’s official website: https://tbcbank.ge/ka. In the near future, the system will be integrated across all of TBC’s digital platforms.  The National Bank of Georgia has replenished its foreign currency reserves. Tbilisi (GBC) – The National Bank of Georgia Has Increased Foreign Exchange Reserves by $1.3 Billion Since the Beginning of the Year In July alone, the NBG replenished its foreign currency reserves by $416.9 million through interventions on the Bmatch platform. As a result, the country’s international reserves exceeded $5 billion as of the end of July. According to the NBG, foreign exchange reserves are a key guarantee of Georgia’s macroeconomic stability. Therefore, the central bank consistently prioritizes maintaining and strengthening reserve levels.

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As a result, the country’s international reserves exceeded $5 billion as of the end of July. According to the NBG, foreign exchange reserves are a key guarantee of Georgia’s macroeconomic stability. Therefore, the central bank consistently prioritizes maintaining and strengthening reserve levels.

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This trend has remained unchanged over the years. The same period last year (August 1, 2024) showed an identical market share for BOG and TBC – GEL 24.2 billion, or 81.4%.In July alone, retail deposits increased by GEL 0.5 billion. Overall, deposits by legal and natural persons rose by GEL 600 million, reaching GEL 55.67 billion.As of January–July, 61.5% of individuals’ term deposits (including those of non-residents) are in foreign currency (compared to 61.6% last year). More than GEL 9.5 billion is in USD-denominated deposits (up 20% year-over-year), and GEL 1.5 billion is in euro-denominated deposits (+30%Y.Y).

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This deal with Prosus, one of the largest technology investors in the world, will give TBC Uzbekistan access to new customer segments through OLX UZ, Uzbekistan’s 6th-most visited website. OLX Uzbekistan has 5.4 million monthly active users and 2.2 million active listings, making it a leading marketplace in services, goods, vehicles and real estate, serving over 20% of the country’s active internet users. This deal marks a milestone for Uzbekistan's fast-growing tech sector and stands among the most significant M&A deals in the country in the past 30 years.For the OLX UZ acquisition, TBC Bank Group formed a joint venture (JV) with Titan Investments, an international investment holding company backed by top-tier international institutional investors, family offices and sovereign wealth funds from the Middle East. The JV acquires 100% of OLX Uzbekistan, with TBC Bank Group owning 50% + 1 share and Titan Investments owning the remaining stake in the JV. The deal is subject to standard regulatory approvals. TBC Bank Group plans to consolidate OLX Uzbekistan, already growing profitably, into TBC Uzbekistan ecosystem.OLX Uzbekistan will continue to operate under its established brand.The JV between TBC PLC and Titan Investments brings a unique combination of expertise and successful track records of building and growing digital banking businesses and classifieds. Titan Investments team brings deep expertise in investing in and scaling high-growth digital companies, including online classifieds platforms. The joint venture will allow the Group to leverage Titan’s expertise while TBC Uzbekistan will focus on integrating digital banking products into OLX Uzbekistan and developing new products together with OLX UZ.This acquisition is set to unlock additional synergies for TBC Uzbekistan, Central Asia’s leading digital banking ecosystem reaching 21 million unique registered users and is part of TBC Group’s continued profitable growth strategy. It follows TBC Bank Group’s agreement in June to acquire a majority stake in BILLZ retail management SaaS platform, further strengthening and diversifying TBC's market-leading offering in Uzbekistan.Nika Kurdiani, CEO of TBC Uzbekistan, commented: “Our ecosystem counts 21 million unique registered users, reaching over half of Uzbekistan’s population. We continue to grow rapidly, enabling our customers to handle their financial and lifestyle needs through our seamless interface. The acquisition of the country’s leading classifieds platform OLX Uzbekistan is the next logical step in our expansion and diversification strategy, as we add new customers, continue to move into new segments and increase our share of customer attention. This acquisition is set to unlock powerful synergies between our platforms, accelerating our ability to deliver best-in-class digital banking products for existing and new customers. We are proud to partner with Titan Investments for this deal, who are bringing their successful track record of scaling classifieds into the mix. We’re delighted to be able to leverage the OLX potential and accelerate its growth and aim to fully consolidate this platform into the TBC Uzbekistan ecosystem in the longer term.”The TBC Uzbekistan business is managed by TBC Digital holding company, which is 80% owned by TBC Bank Group with EBRD and IFC each holding 10%. TBC Capital is acting as the sole M&A advisor to TBC Bank Group on this transaction.

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Although Khizanishvili is widely recognized for her vivid and colorful canvases, her black-and-white drawings in pencil are being presented here for the first time as a separate body of work.What do these graphic works reveal? At first glance, they might resemble illustrations for a fairy tale. Yet the narrative, the myth, or the character they might belong to remains elusive. Khizanishvili’s women appear as heroines of unknown myths, inhabiting enigmatic scenes whose storylines resist easy deciphering. Their mystery recalls the black-and-white collagraph prints of the Cuban graphic artist Belkis Ayón, who drew on the secret, orally transmitted stories of the Abakuá religious society.Khizanishvili paints her canvases in the studio, but her works on paper are created at home. As the artist herself notes, each drawing functions like a diary entry. With graphite pencil she renders exaggerated figures of her protagonists—giant women whose very skin takes on a strange, textured surface. Through layers of directional hatching she transforms their bodies until they seem clothed in scales or wings. These figures may be dining, embracing skull-headed creatures, or lying in a sulfur bath where a masseur stands pressing down on them with his feet.  A lot is happening in these drawings: the artist uses her imagination to create a personal iconography and tells stories through her own characters.Rusudan Khizanishvili lives and works in Tbilisi. Over the past decade, her work has been exhibited extensively in Georgia and internationally. She currently collaborates with several international galleries, including Kornfeld (Berlin), LJ Galerie (Paris), Mimmo Scognamiglio (Milan), and Window Project (Tbilisi).In 2025 she held a solo exhibition at Seojung Art Gallery (Busan/Seoul, South Korea) and participated in a three-artist group exhibition at Kornfeld (Berlin). Later this year, a duo exhibition is planned at CAM Galería (Mexico City, Mexico).Her works are part of several public and private collections, including the Georgian National Museum of Art, Oni Regional Museum, the Kvareli foundation, and the Breus Foundation.All works on view are courtesy of the artist and gallery Window Project, Tbilisi.Curated by Irena Popiashvili.Venue: Marjanishvili 7, TBC Concept  FlagshipExhibition opening: September 1st, 18:00- 20:00Exhibiton duration – 1.09.-15.10.2025Opening hours: Monday – Saturday, 10:00 – 20:00.

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