In 2025, the National Bank of Georgia (NBG) recorded a historic GEL 1.7 billion net profit — a 48% increase compared to the previous year’s GEL 1.15 billion. The bank transferred GEL 571.5 million of this profit to the central budget, up from GEL 302.8 million in 2024. The data comes from NBG’s audited annual report submitted to Parliament.
The surge in profit was primarily driven by gains from foreign-currency and monetary-gold operations, which totaled GEL 879 million — nearly double the previous year. In March 2024, NBG purchased USD 500 million worth of gold, whose value reached USD 1 billion by the end of 2025, significantly boosting the bank’s financial results. The gold is now valued at approximately USD 1.06 billion.
NBG’s income from refinancing loans to commercial banks also increased, reaching GEL 673 million compared with GEL 509 million a year earlier. Meanwhile, interest earned on foreign reserves decreased by GEL 27 million due to the bank shifting a portion of its fixed-income assets into gold. The bank’s total interest expenses stood at GEL 203 million.
On the expense side, personnel costs rose to GEL 70 million, administrative expenses totaled GEL 26 million, and currency-printing costs amounted to GEL 10.3 million. According to the financial statement, NBG’s total assets reached GEL 24.4 billion as of December 31, 2025 — an increase of GEL 2.9 billion compared to the previous year.
