Bank lending to Georgia’s energy sector exceeded GEL 3.04 billion as of May 2026, marking a 19.5% annual increase, or GEL 497 million more than a year earlier, according to National Bank statistics.
The growth has made energy the fifth-largest sector by business lending, overtaking tourism. It has also outpaced overall business lending growth, which stood at 12% over the same period.
The increase is largely driven by financing for small hydropower projects, as well as a growing number of wind and solar power developments across the country.
The sector also maintains one of the lowest default rates in the economy. Of the GEL 3.04 billion loan portfolio, only GEL 200,000 was overdue as of May, representing just 0.01% of total lending. By comparison, the overdue loan ratio across all business lending stood at 2.25%.
