In September 2025, commercial bank lending in Georgia continued to expand, with the total volume of loans rising by GEL 760.04 million (1.14%) compared to August. According to the National Bank of Georgia (NBG), the total outstanding loans issued by commercial banks, excluding interbank lending, reached GEL 67.52 billion by the end of the month. Adjusted for exchange rate effects, annual loan growth stood at 13.32%.

Lending in the national currency (GEL) increased by GEL 561.08 million, or 1.46%, while loans denominated in foreign currencies grew by GEL 198.96 million, or 0.70%.

The NBG data shows that loans to resident legal entities in Georgian Lari totaled GEL 10.70 billion—a slight monthly decline of 0.58%. In contrast, loans to resident businesses in foreign currencies rose by 0.89%, reaching GEL 19.14 billion.

Household lending also saw solid growth. Loans to resident households expanded by 1.59% (GEL 549.96 million) in September, bringing the total household loan portfolio to GEL 35.14 billion.

By the end of the month, the share of loans issued in Georgian Lari—the larisation ratio—stood at 57.77%, up by 0.18 percentage points compared to August.