ProCredit loses return on equity

“Some members of the public have seen a video released yesterday by my husband, Kote Ioseliani, in which he appears to apologize for a comment he made in 2018 regarding Uta Ivanishvili. I want to explain what happened before the video was recorded.Late at night, Kote was attacked near our home by the Vake pool, where we live with our three young children. Five masked men assaulted him at the entrance to our building. Though they failed to cause serious physical harm, they forced him into a car, blindfolded and handcuffed him, and abducted him to an unknown location. While the exact destination remains unclear, based on distance and timing, we believe he was held for hours in the so-called Module building. During this time, the kidnappers interrogated and threatened him for eight hours. They revealed knowledge of our daily routines, including the school our 10-year-old son attends and the kindergarten of our 2.5-year-old twins. The threats were explicit and centred on our children’s safety. Despite his repeated requests, he was not allowed to contact me or use his phone.Let’s be clear: everyone is entitled to a private life, but we all understand that the 2018 statement about Uta Ivanishvili, for which Kote publicly apologized days later, is not the real reason for his abduction. It is merely a pretext. The real motive is to intimidate me and silence my voice. To Bidzina Ivanishvili, his family, Kote’s abductors, those who ordered this crime, including Gela Geladze, who, as I was informed, was Vano Merabishvili’s devoted servant while I was studying political science in the U.S., and to anyone who believes that such violence will break me, I say this: I am not afraid. I will not remain silent. I will continue to speak the truth and fight against your violent, treacherous regime. They couldn’t touch me directly, so they targeted my family. But I repeat — I am not afraid. I will not be silenced.Only the truth can defeat this regime built on lies, fear, and betrayal. Let me be clear about something else: pretending to oppose Ivanishvili in local self-government elections while making secret deals with him is pure hypocrisy. It is self-deception and a betrayal of the public. Participating in this so-called ‘special operation’ may only be possible through a backroom agreement with Ivanishvili. I sincerely hope that those I respect will never enter such a deal,” Bokuchava stated.Kote Ioseliani posted the video apology to Uta Ivanishvili, son of Georgian Dream founder Bidzina Ivanishvili, on social media the previous day.

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Lion Finance Group (BGEO LN) shares closed at GBP 68.90/share (+3.14% w/w and +8.93% m/m). More than 156k shares traded in the range of GBP 66.10 - 68.90/share. Average daily traded volume was 53k in the last 4 weeks. The volume of BGEO shares traded was at 0.35% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 45.10/share (+1.01% w/w and -6.24% m/m). More than 214k shares changed hands in the range of GBP 43.45 - 45.65/share. Average daily traded volume was 59k in the last 4 weeks. The volume of TBCG shares traded was at 0.38% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 19.16/share (+2.24% w/w and +13.91% m/m). More than 163k shares traded in the range of GBP 18.46 - 19.30/share. Average daily traded volume was 50k in the last 4 weeks. The volume of CGEO shares traded was at 0.41% of its capitalization. 

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Equity amounted to USD 62.1 million in Q1 2025, which is 34.6% of the total foreign direct investment. Reinvestment amounted to USD 150.0 million and the share of reinvestment is 83.6% of total FDI.The Czech Republic reaching USD 43.0 million in Q1 2025 (23.9%) was the major foreign direct investor country. The United States was the second with USD 39.6 million (22.1 %), followed by Türkiye with USD 28.1 million (15.7 %). The share of the three largest investor countries is 61.7% of the total investment.The Czech Republic reaching USD 43.0 million in Q1 2025 (23.9%) was the major foreign direct investor country. The United States was the second with USD 39.6 million (22.1 %), followed by Türkiye with USD 28.1 million (15.7%). The share of the three largest investor countries is 61.7% of the total investment.The largest share of FDI was registered in the energy sector, reaching USD 70.2 million (39.1%) in Q1 2025, Information and communication sector was the second with USD 52.3 million (29.2%), followed by the manufacturing sector with USD 27.5 million (15.3%).The share of the three largest sectors in total foreign direct investment amounted to 83.6%.

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In detail:• The residential segment index decreased by 0.4 percent compared to the previous month and increased by 8.3 percent compared to the same month of the previous year;• The non-residential segment index decreased by 2.5 percent compared to the previous month and increased by 2.5 percent compared to the same month of the previous year;• The civil segment index decreased by 0.2 percent compared to the previous month and increased by 2.6 percent compared to the same month of the previous year.In April 2025 the Construction Cost Index (CCI) decreased by 0.6 percent compared to the previous month. The change was mainly due to a 1.3 percent decreased in average monthly nominal wages of employees in the construction sector, which contributed -0.45 percentage points to the total index change. Compared to April 2024 the CCI increased by 5.1 percent.The latter was largely caused by the 18.3 percent increase in average monthly nominal wages of employees in the construction sector and by the 2.2 percent increase in the prices of construction materials, which contributed 3.53 and 1.38 percentage points to the total index change, respectively. Along with this, the Construction Cost Index posted a 22.8 percent increase compared to February 2022.

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“Our goal is to provide an efficient and secure environment for businesses of all sizes. Our access to foreign exchange services, corporate treasury tools and global banking infrastructure makes us more attractive to international investors and enterprises,” notes Salim Dhanani, CEO of Pave Bank Georgia, who informed Business Media last week about the expansion of the network of correspondent banks. In the USA, Great Britain, Switzerland, Luxembourg and Turkey.Dhanani did not discuss the European direction in detail with the media (he visited several TV stations and told the media about the plans for the programmable bank).So far, Paysera has the market advantage in Europe, with a commission of 7 Euros, which is due to its involvement in SEPA (Single Euro Payments Area).However, Pave Bank is the largest among digital banks, with assets of 37.4 million GEL. (Paysera - 24.3 million; Hash: 36.2 million).Pave is also the largest in terms of deposits. The bank has 27 million GEL of accounts of legal entities (Paysera - 2.07 million).

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In particular, 2.3% (258.6 million) of loans in GEL are problematic. Non-performing loans in the foreign exchange portfolio of banks have decreased, to -1.6% in USD, and within 1.7% in EUR.As you know, foreign exchange loans have been subject to several rounds of regulation. The latest limit, increased to 750,000 GEL, which will come into effect from August 1, although this regulation does not apply to consumer loans. The tightening will only put pressure on GEL lending rates.As of 01.05.2025, banks have issued consumer loans worth 12.72 billion GEL (01/2025 – 12.05 billion GEL, 05/2024 –GEL 10.2 billion).Non-performing loans by currency in GEL

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“The anti-American Georgian Dream regime insults President Trump while exalting communist China. Just listen to their own words and look at their actions. They are selling the country to China and blocking America from all business and trade in the country and region. MEGOBARI badly needed!”, he said. The anti-American Georgian Dream regime insults President Trump while exalting communist China. Just listen to their own words and look at their actions. They are selling the country to China and blocking America from all business and trade in the country & region. MEGOBARI… https://t.co/SlJaKNdnam — Joe Wilson (@RepJoeWilson) June 5, 2025

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Minister of IDPs, Labor, Health, and Social Affairs Mikheil Sarjveladze introduced the new director to the NCDC staff, describing Irakli Purtseladze as a capable manager and an experienced professional.The Minister, along with the Deputy Director of NCDC and Irakli Purtseladze himself, inspected the centre during the visit.Since 2011, Irakli Purtseladze has worked in the private sector, holding managerial positions at Averi-Pharma. He also served as the head of Insurance Company Alpha from 2016 to 2018.

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