International agency Fitch Ratings has upgraded the outlook for the credit ratings of Georgian banks, according to information published by the organization.
This decision follows the improvement of Georgia’s sovereign rating outlook last week, supported by the growth of international reserves and reduced external liquidity risks.
- Bank of Georgia – The bank’s long-term rating remains at BB, while the outlook has been revised from negative to stable. Fitch cites the bank’s strong market position, high capitalization, and sustainable profitability as supporting factors.
- TBC Bank – Fitch confirmed TBC Bank’s long-term rating at BB and improved the outlook from negative to stable. The agency highlighted the bank’s solid market share, stable financial results, and sufficient capital, while noting the need to reduce dollarization.
- ProCredit Bank – Fitch maintained ProCredit Bank’s long-term rating at BB+ and revised the outlook from negative to stable. The rating is supported by the potential backing of its shareholder, ProCredit Holding, as well as the bank’s stable asset quality and profitability.
- Halyk Bank Georgia – Fitch kept the long-term rating at BB+ and improved the outlook to stable. Despite a relatively small market share, the bank’s capitalization and financial stability are strong, reinforced by international support from the Halyk Bank Group.
Fitch stated that these decisions reflect Georgia’s sustained high economic growth, the stability of banks’ profits, and the overall financial resilience of the sector.
