Fitch granted 4 Georgian banks with stable forecast

Fitch granted 4 Georgian banks with stable forecast

Fitch granted with stable forecast 4 Georgian banks: Bank of Georgia (BB- stable), ProCredit Bank (BB- stable), TBC Bank (BB- stable) and Liberty Bank (BB+ stable).

Among positive factors, the Agency points out stable economic environment and exchange rate. As risks, the Agency names dollarization of loans.

Fitch states, that the quality of the assets of Bank of Georgia remains adequate, however, potential risk is still high dollarization, which makes 68% of all loans.

Fitch also states that in TBC Bank, dollarization of loans makes 66%, which is a characteristic indicator for the market.

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