
"The report of the rating agency S&P Global Ratings confirms that the Georgian banking system is healthy and developing sustainably," Natia Turnava, Acting President of the National Bank of Georgia, said regarding the assessment of S&P Global Ratings.
To be informed, the international rating agency S&P Global Ratings published an overview of the country's risk assessment of the banking sector, according to the overall risk assessment, Georgia's results improved and the country moved from the 8th to the 7th group, which is one of the highest assessments in the region compared to other countries.
According to Natia Turnava, the assessment of S&P Global Ratings has a positive effect on the investment attractiveness of the country.
"The positive assessment of the policy of the National Bank of Georgia by such a highly reputable institution is welcome. We also share the threats and challenges highlighted by the agency and are actively implementing measures to respond to them, whether it is dollarization or risks arising from non-resident deposits," – Turnava said.
To ve reminded, the influential rating company notes that banks in Georgia, unlike other countries in the region, face fewer risks. The report talks about banking regulations, which, according to the agency's assessment, contributed to banks' resilience to stress. In the past years, the National Bank of Georgia successfully responded to the growing risks arising from the changing macroeconomic environment.
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