The latest asset declaration shows that President of the National Bank of Georgia (NBG), Natia Turnava, and her husband David Veshapidze, have over half a million U.S. dollars in cash. In addition to USD 500,000, the couple is also holding EUR 50,000 and GEL 90,000, secured in the NBG’s own vault
The declaration reveals a substantial rise in Turnava’s 2024 income, as she earned GEL 349,039 in salary for her role as Acting President of the NBG, up from GEL 183,424 in 2023. That year, she held the position of Council Member from January to June before stepping into the Acting Presidency in July. Her 2024 salary notably exceeds that of her predecessor, Koba Gvenetadze, who received GEL 214,518 in 2022.
But her salary was not the main source of income. In 2024, Turnava reported receiving GEL 1,012,612 from the sale of a 15% stake in the Medical and Preventive Center. While her husband added USD 140,000 to the family’s finances through a real estate sale and earned GEL 59,000 from his position as an advisor to the director at Rustavi Azoti.
The couple’s real estate holdings are also notable and include:
- A 261 sq.m. plot in Zemo Vake, purchased in 2024 for USD 252,000
- A 600 sq.m. plot and 50% stake in a 200 sq.m. house in Bakuriani, bought for GEL 123,710
- A 1,615 sq.m. plot in Arashenda, Mtskheta District
- A 130 sq.m. apartment on Chavchavadze Avenue in Tbilisi
- A 380 sq.m. plot with a house under construction on Zemo Vake Lane
Meanwhile, Veshapidze owns two vast land plots in the village of Heretiskari, Lagodekhi municipality, measuring 33,006 sq.m. and 249,951 sq.m., respectively.
Besides the cash stored in the bank’s vault, Turnava maintains EUR 100,000 in a bank deposit.
Her annual loan payments include:
- EUR 28,000
- USD 14,000
- USD 7,000
Reported expenses for 2024 include:
- GEL 150,000 for home renovations
- GEL 150,000 in financial transfers to her son
- GEL 80,000 in support for close relatives
- GEL 30,000 in charitable donations
- GEL 15,000 in property taxes
The asset declaration offers a rare look into the financial affairs of one of Georgia’s top public officials, revealing both substantial income and considerable holdings.
