The National Bank of Georgia has published its semiannual review of the country’s capital market, covering conditions in the second quarter of 2026. The report provides a broad market assessment but focuses on domestic bond markets, particularly government securities and publicly issued corporate bonds. The review examines market structure and trends, the investor base, ownership patterns, secondary market activity and existing challenges. It also considers how commercial banks, investment funds and the Pension Fund of Georgia contribute to market development, liquidity and expansion of the investor base.