"2021 will be the year of stabilization and in 2022 the banking system is likely to return to the 2019 levels"

access_time2020-12-30 11:58:05

According to President of the Association of Banks of Georgia Alexander Dzneladze, the regulator has always supported the banking sector and used its tools to stimulate the banks.

 

“The National Bank has all the tools to manage the crisis. Despite maintaining the stability of the exchange rate is not its direct task, the regulator carried out large-scale interventions in the foreign exchange market. It can also encourage the use of buffers and reserves, ” the Association President notes.



In Dzneladze’s words, 2021 will be the year of stabilization and in 2022 the banking system is likely to return to the 2019 levels.

 

“We look to the future with optimism,  the trends in the first quarter of 2021 will show what to expect from the year as a whole. 2021 will most likely be better than 2020, ” Alexander Dzneladze stresses.


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