Fitch Ratings Assess Georgian Banking Sector Activities

Fitch Ratings held a business meeting on July 20 in Tbilisi on the topic “Georgian banks: Growth in a More Competitive Environment.” Managing Director of Fitch ratings Dimitri Surkov made a welcoming speech before James Watson CFA Managing Director, Financial Institutions Fitch ratings and Natalia Smirnova Associate director made the presentations concerning Georgian banking system in a global EM system. According to the Fitch rating conclusion the Georgian banking system is currently progressing in the right direction. It is managing to survive the global economic crisis and complies with the world banking system standards.