Georgia's bank lending hits GEL 71.06 billion in February 2026 growth surge

A record GEL 71.06 billion in loans signals Georgia's shifting credit landscape. Households and businesses fuel demand—while local currency gains ground.

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2026 March 26 . 3:08 PM

1 min read

The image shows a graph depicting the 5-bank asset concentration for United States. The graph is... — The image shows a graph depicting the 5-bank asset concentration for United States. The graph is accompanied by text that provides further information about the data.

Georgia's bank lending hits GEL 71.06 billion in February 2026 growth surge

Bank lending in Georgia continued to grow in February 2026, with total loans reaching GEL 71.06 billion. The sector saw a monthly rise of GEL 654.6 million, reflecting steady demand for credit across households and businesses. Household borrowing led the increase, expanding by GEL 351.5 million (0.95%) to GEL 37.17 billion. Loans to resident legal entities also climbed, though at a slower pace, with local currency lending to businesses hitting GEL 10.77 billion.

Foreign currency lending rose by GEL 124 million during the month, bringing the total for business loans in foreign currencies to GEL 20.31 billion. Meanwhile, loans in Georgian Lari grew by GEL 530 million, pushing the larization coefficient up to 57.78%—a sign of reduced dollarization in the banking system. Adjusted for exchange rate changes, overall lending expanded by 1.32% in February. Year-on-year, total bank lending surged by 14.2%, indicating sustained growth in credit activity.

The latest figures show a clear shift toward local currency borrowing, with the larization rate improving. Both households and businesses contributed to the rise, while the annual growth rate highlights ongoing confidence in Georgia's banking sector. The total loan portfolio now stands at GEL 71.06 billion.