NBG: “S&P” ESTIMATES THAT ACCORDING TO SHARE OF IFRS STAGE 3 LOANS IN PORTFOLIO, GEORGIAN BANKS HAVE THE BEST ASSETS IN THE REGION

In its update of the banking sector risk analysis, S&P Global Ratings reviewed general trends in Central Asia and the Caucasus, the National Bank of Georgia (NBG) reported today.

As NBG indicated, after assessment of the overall risks of the economy and the banking sector, the agency placed Georgia in the 7^th group of countries, which along with Kazakhstan is the best result in the region.