According to the credit rating agency Fitch, compared to other countries with a “BB” rating, Georgia’s high level of economic development, reliable macro-fiscal policy framework, moderate external debt, and resilient banking sector strengthen the country’s rating position.

As noted in the report published by Fitch, Georgia’s international reserves continued to grow and reached 6.5 billion US dollars in April 2026.

According to their assessment, the strengthening of the lari in recent months enabled the National Bank of Georgia to purchase foreign currency on the foreign exchange market.

“The strong domestic economic environment in Georgia continues to support the stability of the banking sector’s financial indicators — the sector remains profitable (ROE stood at 22.8% as of March), is characterized by high capitalization (Tier 1 capital ratio of 17%), and high asset quality (non-performing loans accounted for 2.5%),” the Fitch report states.

The rating agency notes that a further reduction in loan dollarization is expected amid strict reserve requirements and macroprudential measures.