Georgia’s banking sector remains stable despite slower growth in 2026 compared to the previous year, according to Aleksandre Dzneladze, President of the Banking Association of Georgia.
Speaking on “Business Morning,” Dzneladze said the sector continues to be the largest in the country and is performing in line with expectations. While 2025 saw unusually high growth, he noted that a moderation in 2026 had been anticipated and does not signal instability.
He said annual lending growth in lari remains close to 14%, or above 16% when adjusted for exchange rate effects, indicating steady expansion despite the slowdown in pace.
Dzneladze also commented on the increase in the foreign currency lending threshold for unhedged borrowers from GEL 750,000 to GEL 1 million, noting that the change will mainly affect small and medium-sized business loans, particularly in import- and export-oriented companies.
