The activities of the National Bank of Georgia in ensuring the long-term sustainable development of the banking system

Abstract

The article emphasizes that despite significant economic and financial challenges due to the coronavirus pandemic and Russia's military aggression against Ukraine, Georgia's banking system can be considered the most stable, resilient, and developed sector of the economy. This is primarily attributed to well-planned and prudently regulated policies. It is determined that the activities and regulations of the National Bank of Georgia in the financial sector align closely with the integration goals of our country in the European Union, demonstrating significant and sustained progress. This applies both to the comprehensive and stable functioning of the financial system and the challenges associated with this task. Within this context, there is a timely response to risks and precautions, resulting in the minimization of negative effects on the stable functioning of the financial system.