Georgia’s banking system is stronger than ever and the country is a reliable investment partner. Such a statement made today the Minister of Economy.
In comments that followed controversy around the National Bank’s decree exempting the country’s citizens from international sanctions without domestic court rulings, Levan Davitashvili claimed “peace and stability in banks” and added the domestic financial sector was “quite resilient”.
“We are communicating with important investors in the banking sector so that our main partners have objective information about the financial sector of Georgia, that there are no risks here and that Georgia is a reliable investment partner.
It requires responsibility, and we should be careful with the issues not to harm it when we have close communication with the banks, investors and leading international financial institutions. The banks have no communication problem with us. Our financial sector is stable and sustainable”, - said the Minister.