Loan dollarization fell to 40.85% in July from 41.34% in June, a second consecutive monthly decline and 0.80 percentage points below the 41.65% recorded in May. The share is 1.55 points under the 42.40% reported for 2025, which in turn followed 43.40% in 2024 and 45.20% in 2023.
The July move came from both sides of the loan book. Foreign-currency loans outstanding fell by 165.8 million GEL to 31,232.1 million, while lari loans rose by 672.0 million to 45,223.2 million; total lending was up 506.3 million at 76,455.4 million. Loan growth excluding the exchange-rate effect is estimated at 0.96% for the month, but that estimate revalues only against the USD/GEL rate — it is a USD-rate estimate rather than a full currency-weighted adjustment, and the foreign-currency book is not exclusively dollar-denominated.
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_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