27 November 2022,   01:52
Georgia’s financial sector maintaining stability, lending to economy - National bank

A latest report by the National Bank of Georgia has said the country’s financial sector is maintaining stability and is lending to the economy “without interruption”.

According to the bank, its inquiry had shown a majority of banks had already restored the buffers released during the shock of the pandemic, and were facing the threats related to geopolitical tensions in the region “with solid buffers”.

The NBG also called the high growth rate of consumer loans and inflation “noteworthy”, and said it was “particularly risky” for households with low income and high debt service burden. Despite a declining trend, dollarisation of loans remains one of the main challenges, it also noted.