Foreign currency accounted for 41.34% of the banking sector's loan book in June, down from 41.65% in May and 41.86% in April — a decline of 0.52 percentage points across the three months shown.
The share fell even though the foreign currency book itself grew. Foreign currency loans outstanding rose to 31397.9 million GEL in June from 31086.0 million in May, while lari loans grew faster, to 44551.2 million GEL from 43559.2 million, taking total loans outstanding to 75949.1 million GEL. The move is therefore a matter of composition: new lending is tilted towards the lari rather than foreign currency credit retreating.
The direction matches the annual series, which has fallen from 45.20% in 2023 to 43.40% in 2024 and 42.40% in 2025. June's monthly reading sits below that 2025 level.
Figures in this post
Every number below was checked against the source before publication.
BANK_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 filesBANK_LOANS_STOCK_TOTAL_MBank loans outstanding, total Computed from other indicators’ stored observationsLOAN_DOLLARIZATION_ALoan dollarization (banking sector) National Bank of Georgia — downloaded filesLOAN_DOLLARIZATION_STOCK_MLoan dollarization, monthly stock Computed from other indicators’ stored observations