According to the central bank, international reserves remain a crucial guarantee of Georgia’s macroeconomic stability, and the NBG increases them when market conditions permit.The foreign exchange interventions carried out in 2025 are as follows: January–February – No net purchases March – $101.7 million April – $266.4 million May – $245.4 million June – $266 million July – $416.9 million August – $199.6 million The National Bank will release updated foreign exchange market data on October 27, 2025.For comparison, as of the end of August, the Central Bank of Azerbaijan held over $11 billion in international reserves, while the Central Bank of Armenia reported reserves of $4.2 billion.

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The total fines imposed amounted to GEL 3,474,100. During this period, the National Bank also deregistered up to 100 currency exchange points.“It is noteworthy that, in accordance with the Regulations on the Registration and Regulation of Currency Exchange Offices, the National Bank of Georgia is authorised to refuse re-registration of an office if an application is made by an authorised person of the office whose registration was previously cancelled, provided that the cancellation was carried out in accordance with the rules outlined in the same regulation and that two years have not passed since the cancellation.As of today, there are 513 registered currency exchange offices operating across 721 locations nationwide, including branches,” the National Bank stated.

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This international recognition highlights TBC’s strategic vision, which integrates diversity, equity, and inclusion policies, human rights principles, and corresponding practical initiatives.Notably, the award acknowledges the project implemented in collaboration with the Asian Development Bank (ADB), which included:√ Developing an action plan to strengthen the inclusion of persons with disabilities across the bank’s various operations;√ Assessing the accessibility of TBC’s mobile banking services for persons with disabilities;√ Conducting a physical infrastructure audit;√ The UX research team studying the experiences of TBC’s customers with disabilities and developing recommendations.The project’s implementation at TBC is ongoing and will gradually expand to all selected areas. The inclusion of persons with disabilities has become a key goal of the company’s 2025–2027 ESG strategy, approved by the Board of Directors."We are proud that TBC has received an award for promoting the inclusion of persons with disabilities. We are actively working in this direction, collaborating with various companies and partners, including the Asian Development Bank. Within the framework of this joint project, we developed an action plan aimed at strengthening the inclusion of persons with disabilities across all key areas of the bank. Our goal is to foster an environment that is equitable, diverse, and adapted to the needs of all individuals, both for our employees and our customers," said Maka Bochorishvili, Coordinator of the Environment, Social, and Governance (ESG) Department.

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Lion Finance Group (BGEO LN) shares closed at GBP 73.90/share (- 2.83% w/w and -3.27% m/m). More than 459k shares traded in the range of GBP 73.05 -78.25/share. Average daily traded volume was 66k in the last 4 weeks. The volume of BGEO shares traded was at 1.03% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 44.70/share (+0.68% w/w and -0.45% m/m). More than 1.18mn shares changed hands in the range of GBP 43.55 -46.25/share. Average daily traded volume was 117k in the last 4 weeks. The volume of TBCG shares traded was at 2.11% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 24.00/share (+1.91% w/w and +2.35% m/m). More than 273k shares traded in the range of GBP 23.20 - 24.70/share. Average daily traded volume was 112k in the last 4 weeks. The volume of CGEO shares traded was at 0.69% of its capitalization.

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According to the NBG, Ana Devidze will serve as the Head of the Supervision Department."Georgia is a member country of the IMF's Netherlands, Belgium and Luxembourg Group (OEDNE) (Andorra, Armenia, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, Luxembourg, Moldova, Montenegro, the Netherlands, North Macedonia, Romania and Ukraine), within which the position of Advisor to the IMF Executive Director rotates by country for a two-year term, and this time this responsible role has been assigned to Georgia," the National Bank said in a statement.According to them, in different years Vakhtang was the Deputy Head of the Supervisory Policy Department of the National Bank, Head of the Small and Medium-Sized Enterprises and Corporate Credit Risks Division of the Specialized Groups and Supervisory Policy Department, and Chief Specialist of the First Division of Banking Supervision. Before joining the National Bank, Vakhtang worked at various commercial banks.

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In particular, the low-risk, conservative portfolio grew by 1.22% in August, and from the beginning of the year to August, the growth was 7.29%.The balanced, medium-risk portfolio grew by 1.51% in August, and from the beginning of the year to August the growth amounted to 8.11%.Meanwhile, the net nominal returns of the high-risk, dynamic portfolio amounted to 1.98% and 9.2%, respectively.Inflation in August was 0.28%, and from the beginning of the year to August it was 2.63%. Accordingly, the real returns of the pension fund in the relevant periods are calculated excluding inflation.

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The call option will be utilised to redeem early a significant proportion of JSC GCAP's US$ 150 million sustainability-linked local bonds (ISIN: GE2700604475), which would otherwise mature in August 2028.Following the redemption, the outstanding principal amount of the bonds will be reduced by USD 100 million to a residual outstanding balance of USD 50 million. Settlement of the early redemption transaction is expected to occur on 26 September 2025.The transaction is consistent with the Company's GEL 700 million capital return programme, announced on 6 August 2025, which will run through the end of 2027. This covers capital returns through share buybacks, dividends, and the early repayment of JSC GCAP bonds.

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The Notes are GEL-denominated with 5-year bullet maturity and carry a floating coupon, as determined by Tbilisi Interbank Interest Rate (Non-Cumulative Compounded Daily TIBR) plus 375 basis points. The Notes are issued at par and are rated BB- by Scope Ratings. Settlement of the transaction is expected on 17 September 2025, followed by admission to the Georgian Stock Exchange.GHG obtained a Second-Party Opinion from Scope, confirming that its Social Bond Framework aligns with ICMA's 2023 Social Bond Principles. Galt & Taggart and TBC Capital acted as placement agents for the issuance of the Notes. The issuance was supported by long-standing partner international financial institutions ("IFIs") - International Finance Corporation ("IFC"), and Asian Infrastructure Investment Bank ("AIIB") along with local banks and Pension Fund of Georgia - whose participation represents the fund's biggest investment in a single local bond issuance since its inception.The proceeds will be used to refinance the issuer's existing long-term loans and to finance capital expenditures in line with the Social Bond Framework. Upon completion, the Notes will constitute the business' sole outstanding debt."I am pleased that our healthcare services business has successfully completed the largest-ever GEL-denominated corporate bond placement in Georgia. The transaction received very strong support from investors, demonstrating that Georgia's capital markets continue to develop rapidly and, thanks to the support of local investment banks, Galt & Taggart and TBC Capital, have become a significant alternative source of capital for our group. I would like to thank the management team and our long-standing partners - IFC, AIIB, and Pension Fund of Georgia - whose efficient collaboration made this transaction a success. The Notes mark another important milestone for our group and once again reaffirm our superior access to capital”, - Irakli Gilauri, Georgia Capital Chairman and CEO commented.

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As of the document, 96.5% percent of the total money transfers from abroad came from 25 largest partner countries, with the volume of transfers from these countries each exceeding 1 million USD in August 2025. In August 2024 the share of these 25 countries constituted 96.5% percent of the total volume of money transfers.In August 2025, 35.7 million USD (or 96.4 million GEL) was transferred from Georgia, which is 7.8% more as compared to 33.1 million USD in August 2024.

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Lion Finance Group (BGEO LN) shares closed at GBP 76.05/share (+6.36% w/w and -4.94% m/m). More than 346k shares traded in the range of GBP 72.70 - 78.15/share. Average daily traded volume was 56k in the last 4 weeks. The volume of BGEO shares traded was at 0.78% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 44.40/share (+3.38% w/w and -7.69% m/m). More than 294k shares changed hands in the range of GBP 43.35 - 45.25/share. Average daily traded volume was 71k 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 23.55/share (+0.21% w/w and +0.64% m/m). More than 351k shares traded in the range of GBP 22.85 - 25.15/share. Average daily traded volume was 118k in the last 4 weeks. The volume of CGEO shares traded was at 0.89% of its capitalization. 

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