TBILISI, DFWatch–Georgia is seeing a slowdown in mortgage lending, driven by high interest rates and broader economic uncertainty. According to the National Bank of Georgia, commercial banks issued 24,000 new mortgage loans in the first half of 2025, down 13% compared to the same period last year. Despite the decline in the number of loans, … Read more
TBILISI, DFWatch–Georgia’s economy is beginning to feel the effects of growing global instability, as analysts warn of a potential inflation risk and call for caution in the monetary policy. The National Bank decided at its June 18 meeting to keep its key refinancing rate unchanged at 8%, citing economic uncertainty. Bank officials aim to maintain … Read more
TBILISI, DFWatch–The confrontation between Georgia’s biggest private financial institution and the government grew worse on Thursday as the National Bank sanctioned two of the key persons in TBC Bank. The National Bank of Georgia issued a statement on Thursday which orders to suspend the signature rights of Mamuka Khazaradze and Badri Japaridze, Chairman and Deputy … Read more
TBILISI, DFWatch–Georgia’s president has appointed a new head of the National Bank (NBG).
The appointment was signed by President Giorgi Margvelashvili on Thursday.
Outgoing NBG head Giorgi Kadagidze will be replaced Koba Gvenetadze, a former politician
TBILISI, DFWatch–The National Bank of Georgia has issued a new anniversary coin in connection with the national currency’s 20 years of existence.
The nominal value of the new collector’s item is 20 laris, and it was manufactured by Mennica Polska in Poland.
TBILISI, DFWatch–The National Bank of Georgia is increasing the refinancing rate because of an expected increase in inflation, which means that loans for a certain category of clients will get more expensive.
The explanation given for the National
TBILISI, DFWatch–The Georgian parliament’s judiciary committee agree with the president about a proposed bill to strip away the bank supervisory function from the National Bank, claiming that it violates the constitution.
Committee chair Vakhtang Khmaladze said on Friday
TBILISI, DFWatch–For at least the second time, the situation between the Georgian parliament and the president has become tense. Now the president plans to veto an initiative concerning the president of the National Bank.
Since the president and non-governmental
TBILISI, DFWatch–The president is starting consultations to find a new head of the National Bank of Georgia (NBG).
Current NBG head Giorgi Kadagidze was appointed during Saakashvili’s presidency for a seven years term which expires in February, 2016.
According