Georgia’s stunning victory means they finish third behind Turkey and their reward is a match against Spain on Sunday in Cologne. It will be a difficult prospect coming up against the only team in the competition with a 100 per cent winning record, but they will back themselves to cause another upset.
Georgia reached Euro 2024 — their first-ever appearance at a major tournament — after beating Greece in a playoff penalty shootout at the end of March. They had actually finished fourth in their Euro qualifying group, ahead of only Cyprus, but reached the playoffs via the Nations League route topping Group C4.
The banking sector ended 5 months of 2024 with a net profit of 1.2 billion GEL. In May, the sector saw a 24% growth. The profit of April stood at GEL 225 million, in May profit exceeded GEL 279 million.
Out of 17 banks operating in the market (including newly licensed digital banks: Paysera, Hash and Pave Banks), the total profit of 12 profitable banks amounts to 1.220 billion GEL, 96% of which account for the top 6 banks.
The sanctioned VTB Bank accounts for 509,000 GEL of the net loss of 5 months in the amount of GEL 5.65 million. Silk Bank accounts for GEL 2.75 mln, the rest - for other digital banks. The digital banking sector is currently operating in a test mode, with incomplete operational activities.
