The National Bank of Georgia published remarks by Governor Natia Turnava from a Georgian Business Association conference panel, where she said the banking sector remains well capitalised with sound liquidity and that the financial sector has withstood multiple shocks without any deposit losses over the past 30 years. Turnava pointed to credit activity that is proportional to nominal economic growth, with the loans-to-GDP ratio gradually moving toward its long-term trend as economic activity normalises. She cited loan growth of almost 15%, with business loans accounting for the largest share, and said non-performing loans remain historically low at 2.6%, alongside solid profitability and high asset quality. On sector development, she highlighted initiatives to support fintech, including introducing digital bank and microbank categories with licensed players already in the market, and noted increasing competitiveness and regional expansion of Georgian banks, with reported interest from Kazakhstan, Singapore, and China.
National Bank of Georgia 2025-09-26
National Bank of Georgia governor reports banks well capitalised with non-performing loans at 2.6% and highlights digital bank and microbank licensing
Governor Natia Turnava of the National Bank of Georgia highlighted the banking sector's robust capitalisation and liquidity, noting its resilience to shocks over the past 30 years. She reported loan growth of nearly 15%, with business loans leading, and non-performing loans at a low 2.6%. Turnava also discussed fintech initiatives, including new digital bank categories, and the regional expansion of Georgian banks.