“Sound policy and growing public confidence have cemented trust in Georgia’s national currency, the lari, thereby safeguarding the stability of the financial sector,” stated Georgia’s Prime Minister Irakli Kobakhidze in an address delivered at the 51st International Conference of the Banking Association for Central and Eastern Europe (BACEE).
As Kobakhidze noted, the majority of deposits held in Georgia today are denominated in lari, against the year 2025.
“This achievement is underpinned by a robust financial sector, which forms the backbone of the economy and ensures stability and access to finance. The sector today comprises 19 banks, among them 3 digital banks and 2 microbanks. They maintain strong capital and liquidity positions, while asset quality remains high, all of which lends support to sustained economic growth.
This progress is also evident in international capital markets, where shares of Georgia’s leading banks are listed. One of the country’s foremost banks has now joined the top 100 of the FTSE (Financial Times Stock Exchange) index, which comprises the 100 largest companies listed on the London Stock Exchange. Meanwhile, mid-sized banks continue to operate effectively, offering customers a diverse range of financial services.
Georgian banks are steadily expanding across the region, extending their geographic reach. This strengthens regional connectivity and plays an increasingly significant role in fostering deeper financial integration and cooperation,” said Irakli Kobakhidze.
