Deposits in Georgia's banking sector continued to grow faster than loans in June 2026, according to the National Bank of Georgia. Excluding exchange rate effects, deposits increased by 22.86% year-on-year, compared with 14.47% growth in the loan portfolio.
Total deposits, excluding interbank deposits, reached GEL 73.52 billion at the end of June, rising by GEL 2.13 billion (2.98%) from the previous month. Demand deposits accounted for most of the increase, while term deposits also posted growth. The deposit dollarization ratio declined, with lari-denominated deposits reaching 56.16% of the total.
The average weighted interest rate on term deposits stood at 7.25% in June, including 8.90% for lari deposits and 2.52% for foreign currency deposits. The U.S. dollar remained the dominant foreign currency, accounting for 77.21% of FX deposits, while the euro's share was 20.14%.
Meanwhile, commercial banks' loan portfolio reached GEL 75.43 billion at the end of June. Monthly lending increased by GEL 1.3 billion (1.75%), driven mainly by lari-denominated loans. Overall loan dollarization declined, with loans in lari accounting for 58.37% of the total portfolio.
