The banking system of Georgia has risen in the S& P Global Ratings

According to the international rating agency S& P Global Ratings, Georgia's banking system confirms its strength, becoming one of the best in the region. The National Bank of Georgia reported that in comparison with the previous year, the country improved its position in the criteria of economic imbalance, reducing the risk from a high to an average level.

Georgia holds a high rating of 7 points, which makes it one of the most reliable countries in the region. S&P Global Ratings has published a review covering six categories, such as economic stability, imbalances, credit risks, etc.

The report revealed the stability of the Georgian financial sector, supported by a favorable macroeconomic environment. High levels of capitalization, liquidity, profitability and low credit losses are also considered strengths.

However, the main challenge remains the high dollarization in the banking sector. The National Bank of Georgia, responding to this challenge, is working to reduce dollarization, and a successful policy has already led to a decrease in the level of dollarization of loans to 45%.

These steps underscore Georgia's desire to strengthen the resilience of its financial sector and meet the challenges of the current economic environment.