S&P Global Ratings: Georgia’s Banking System Remains Stable

International rating agency S&P Global Ratings has reaffirmed Georgia's sovereign credit rating at BB, maintaining a stable outlook. The agency notes that despite inflation being below the National Bank of Georgia’s (NBG) target, the central bank is expected to continue a cautious monetary policy due to prevailing economic uncertainties.

According to the S&P Global Ratings review, Georgia’s banking sector remains stable, with strong capitalization and sufficient liquidity buffers to sustain financial resilience.

“We recognize Georgia’s banking regulation as effective and aligned with international standards. The sector is characterized by strong corporate governance and commendable transparency,” the report states.

The rating agency highlights Georgia's prudent fiscal and monetary policies, particularly in comparison to other countries in the region. It credits structural reforms for improving the business environment, strengthening regulatory frameworks, and ensuring economic stability.

Looking ahead, S&P Global Ratings projects Georgia’s inflation rate to average 1.6% in 2025. Additionally, the Georgian economy is expected to grow by 5.9% in 2025 and 5.2% in 2026, reinforcing the country’s positive economic trajectory.

The National Bank of Georgia (NBG) released the information following the agency’s assessment, emphasizing that the country’s financial stability and regulatory effectiveness continue to support investor confidence and sustainable economic growth.