Real estate development continued to hold the largest share of business lending in Georgia as of May 2026, according to data published by the National Bank of Georgia.
Total loans issued to the commercial sector reached 47.2 billion GEL, up by 5.4 billion GEL, or 12.9%, compared to the same period last year. Of this amount, 4.96 billion GEL was allocated to real estate development projects, making it the largest recipient of bank financing.
Lending to the sector grew by 18% year-on-year, outpacing the overall growth rate of business loans. The figures highlight the continued importance of the property market in Georgia’s credit landscape.
Real estate management also remains a major borrowing category, with outstanding loans totaling 4.48 billion GEL. Lending to that segment increased by 15% compared to the previous year.
