Outstanding bank loans in national currency rose to 45,223.2 million GEL in July from 44,551.2 million in June, while the foreign-currency stock fell to 31,232.1 million from 31,397.9 million — its first decline over the three months shown.
The composition is the more telling part. Household loans in lari rose to 32,991.3 million from 32,400.3 million, while lari loans to legal entities fell to 11,391.8 million from 11,630.7 million and the corporate foreign-currency book eased to 22,623.0 million from 22,747.8 million. July's expansion sat with households rather than with companies.
New issuance in lari moderated to 5,841.0 million in July from 6,238.6 million in June, though it remained above May's 5,145.7 million. Excluding the exchange-rate effect, the loan book grew 0.96% month on month — an estimate revalued against the USD/GEL rate alone, not a full currency-weighted adjustment of a loan book that is not exclusively dollar-denominated. The rate backdrop is unchanged: 8.00% at end-2025, as at end-2024, after 9.50% at end-2023.
Figures in this post
Every number below was checked against the source before publication.
BANK_LOANS_GROWTH_FX_ADJUSTED_MOM_MBank loan growth, excluding exchange-rate effect, month over month Computed from other indicators’ stored observationsBANK_LOANS_HOUSEHOLD_NC_MBank loans to households, national currency National Bank of Georgia — downloaded filesBANK_LOANS_LEGAL_FC_MBank loans to legal entities, foreign currency National Bank of Georgia — downloaded filesBANK_LOANS_LEGAL_NC_MBank loans to legal entities, national currency National Bank of Georgia — downloaded filesBANK_LOANS_STOCK_FC_MBank loans outstanding, foreign currency National Bank of Georgia — downloaded filesBANK_LOANS_STOCK_NC_MBank loans outstanding, national currency National Bank of Georgia — downloaded filesLOANS_ISSUED_VOLUME_MLoans issued, national currency National Bank of Georgia — downloaded filesPOLICY_RATE_AMonetary policy rate, year-end National Bank of Georgia — downloaded files