By the end of December 2025, the total volume of loans issued by commercial banks (excluding interbank loans) reached GEL 70.94 billion. According to the National Bank of Georgia, this is an increase of almost GEL 2 billion (3%) compared to November. Excluding the exchange rate effect, monthly growth amounted to 2.71%.
On an annual basis, loan growth reached 14% when adjusted for exchange rate fluctuations. In December, loans issued in national currency increased by GEL 729 million (1.82%) compared to the previous month.
Foreign-currency loans also grew significantly, rising by GEL 1.24 billion (4.29%) month-to-month. Adjusted for the exchange rate effect, the increase stood at 3.95%, indicating continued demand for borrowing in foreign currency among businesses and households.
