Investor interest in Georgia’s financial sector “on the rise”, says Prime Minister Kobakhidze
Irakli Kobakhidze
Photo: Government Administration
Speaking at the 51st international conference of the Banking Association for Central and Eastern Europe, Georgian prime minister Irakli Kobakhidze on Friday said that global investor interest in Georgia’s financial sector was steadily increasing.
In his address, Kobakhidze noted that the growing attention comes from both traditional banking institutions and a broad range of financial service providers worldwide.
He emphasised that this trend is supported by the continuous efforts of the Georgian government and the National Bank of Georgia to promote competition, encourage innovation, and further develop the country’s financial ecosystem.
“In this regard, the National Bank of Georgia has introduced a broad range of licensing frameworks aimed at supporting innovation and expanding financial services. These include a microbank framework and licensing for digital banks. In addition, a regulatory framework has been established for virtual asset service providers, creating new opportunities for financial technologies and market participants”, Kobakhidze said.
The prime minister further added that alongside the development of the banking sector, Georgia’s capital markets were expanding.
“As the banking sector develops, Georgia’s capital markets are also expanding. Interest is growing in both government and corporate bonds, contributing to the diversification of funding sources. Together, these efforts are shaping a more dynamic, competitive, and future-oriented financial ecosystem, opening new opportunities for sustainable investment growth”, he said.
“Georgia remains an open economy, ready to deepen ties with our international partners to achieve stronger cooperation and unlock new opportunities. I am confident that today’s discussion will offer practical pathways and contribute to the further strengthening of the banking sector”, Kobakhidze concluded.
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