Decrease in dollarisation of deposits signals growing confidence in Georgian lari - NBG President
“In our efforts to foster financial stability, the National Bank of Georgia continues to actively work towards reducing dollarisation,” stated Natia Turnava, President of the National Bank of Georgia (NBG), during the presentation of the 2025 annual report to the Finance and Budget Committee of Parliament.
She explained that the dollarisation of loans had fallen by 0.7%, reaching 42.5% as of March 2026, compared to the end of 2024.
“The dollarisation of deposits is also on the decline, which largely reflects increased confidence in the lari. Specifically, as of March 2026, compared to 2024, the dollarisation of deposits decreased by 5.6 percentage points to 46.6%,” Natia Turnava added.
Turnava further noted that, in 2025, the National Bank of Georgia revised certain responsible lending requirements to enhance access to mortgage loans.
In her address, she also highlighted the sustainability of the banking sector, emphasising that the proportion of non-performing loans remains minimal and that the credit portfolio is effectively diversified across various sectors.
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Ekaterine Galdava Discusses the Development of Cross-Border Payments, Interoperability of Payment Systems, and Strengthening of Regional Cooperation at the Tbilisi Finance Summit
29.10.2026.23:58
Vice Governor of the National Bank of Georgia, Ekaterine Galdava, participated in the panel discussion titled "Building the Infrastructure of Regional Connectivity" during the Tbilisi Finance Summit 2026.
The main topics of the discussion included the development of cross-border payments, the interoperability of financial infrastructure, and the strengthening of regional financial ties.
Panel participants, who possess significant international experience in developing cross-border payments and interconnecting payment infrastructures, shared their insights and perspectives on the opportunities and challenges of developing fast, secure, and efficient payments based on practices from various countries.
The conversation also touched upon the potential of using products and services based on both traditional payment technologies and stablecoins in international payments, alongside the associated regulatory challenges.
Ekaterine Galdava shared the vision and experience of the National Bank of Georgia as a regulator with the participants, highlighting the central bank's efforts in developing payment infrastructure, fostering innovation, and managing relevant risks.
"For the development of cross-border payments, it is important not only to introduce modern technologies but also to ensure the interoperability of payment infrastructures, the establishment of common standards, and cooperation among regulators. The National Bank of Georgia is actively working on both modernizing the current payment infrastructure and implementing new systems and services. Furthermore, we are open to innovative technologies; we study their capabilities and challenges, and we strive to create a regulatory environment that fosters innovation while ensuring the effective management of associated risks," stated Ekaterine Galdava.
Joining Ekaterine Galdava in the panel discussion were Cem Soydemir, Head of Payments Market Development for MENA, TCIS & India at Swift; Dr. Kishan Srinivas, Head of Business for Europe, GCC & Central Asia at the National Payments Corporation of India (NPCI); and Liu Heng, Vice President at UnionPay International. The discussion was moderated by Zdeněk Tůma, Former Governor of the Czech National Bank.
The Tbilisi Finance Summit was co-organized by the National Bank of Georgia, the Ministry of Economy and Sustainable Development of Georgia, and the Global Finance & Technology Network (GFTN). It serves as a major international platform for dialogue on financial technologies, innovations, and regional cooperation.