The share of the banking sector's loan book held in foreign currency fell to 40.85% in July 2026, from 41.34% in June and 41.65% in May — 0.80 percentage points lower across the two months, and below the 42.40% recorded for 2025 as a whole. The annual series has moved in one direction: 45.20% in 2023, 43.40% in 2024, 42.40% in 2025.
The shift is visible on both sides of the balance sheet. National currency loans outstanding rose to 45223.2 million GEL in July from 44551.2 million in June, while foreign currency loans fell to 31232.1 million from 31397.9 million, leaving the total loan book at 76455.4 million.
Nominal monthly loan growth slowed to 0.67% in July from 1.75% in June. Excluding the exchange-rate effect, July growth is estimated at 0.96% — an estimate that revalues against the USD/GEL rate alone, so it is a USD-rate proxy rather than a full currency-weighted adjustment of a loan book that 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_GROWTH_MOM_MBank loan growth, nominal, 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