NBG fines market entities

According to the National Bank of Georgia, as of June (01.06.2025), more than 8% of loans issued to cafe-restaurants are problematic, in USD and within 7% in Euros.Out of the 213 million GEL (equivalent in dollars) issued by banks to cafe-restaurants and fast food outlets in USD, 16.5 million are problematic. In Euros, 7% - 20.3 million GEL (equivalent in foreign currency).As of June (01.06.2025), the total volume of hotel-restaurant lending is 1.79 billion GEL. Of this, up to 1.3 billion GEL were issued in foreign currency (01.06.2024 - 1.9 billion, 1.4 billion, respectively)Restaurant owners complain about a decrease in customers and are having difficulty maintaining their business due to increased costs. It is unusually passive for the tourist season and they have no idea what to expect, how they will survive in the winter.Problem loans in foreign currency (catering facilities)

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According to NBG, the procedure aims to assess whether the proposed concentration is compatible with Georgia’s competitive banking environment.“Both entities operate in the banking sector, and the National Bank is reviewing the potential impact of this concentration on market competition,” the statement reads.The public and interested parties are invited to submit opinions or feedback on the potential acquisition by July 23, 2025, either by mail to 1 Zviad Gamsakhurdia Embankment, Tbilisi, or via email at info@nbg.gov.ge.

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The change was made through its subsidiary and controlled company, FIL Investments International.Share performance dynamics:

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The Company hereby confirms that the National Bank of Georgia’s Georgian Lari/British Pound Sterling average exchange rate for the period of 30 June to 4 July 2025 was 3.7322 and it shall be used to pay dividends to ordinary shareholders of the Company on 18 July 2025.Those shareholders who have not provided the appropriate bank account details to Computershare Investor Services PLC for payment of the dividend will be paid the dividend by cheque in British Pound Sterling.

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The placement agent is G&T and TBC Capital. The prospectuses of the issue approved by the NBG include detailed information on the issuer's activities, share distribution, related risks, etc. On the risks characteristic of the industry and economy.

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According to the NBG’s “Monthly Review”, demand for cash increased by 103.2 million GEL in May. A large part of the refinancing loan was returned. The balance in May decreased by 1.04 billion GEL. The balance of overnight loans was 750 million at the end of May. In June, 715 million were reduced.In May, the volume of reserve money increased by 448 million GEL (+6.1% m.m.), to 7.8 billion GEL. The monetary base, according to the average indicator, increased by 140 million GEL.The National Bank of Georgia did not apply for a foreign exchange auction in the reporting month. It purchased 245.4 million USD on Bmatch. It spent up to 100 million on internal government conversions. Accordingly, reserves increased by $147 million instead of $245 million.In May, funds on government deposits increased by 77.2 million GEL, to 993 million.

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According to newly published statistics, reserve assets amount to $4.7 billion.More than $600 million has been purchased on Bmatch this year (03 - $101.7 million; 04 - 266.4 million; 05 -$245.4 million). The June transaction will be published on 25/07. Data on reserves will be updated on August 6.The share of gold in total international foreign exchange reserves is 16.1% (754.4 million USD). The value of monetary gold, since the moment of its purchase (03/2024), has increased by 254.4 million USD.

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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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