In July 2024, the National Bank of Georgia (NBG) reported a slight decline in the total volume of loans issued by commercial banks. The total loan volume decreased by 202.32 million GEL (0.35%) compared to the previous month.
However, excluding exchange rate effects, loan volumes actually increased by 0.89%. Loans in the national currency rose by 420.90 million GEL (1.34%), while loans in foreign currency dropped by 623.23 million GEL (2.41%). Adjusting for exchange rates, foreign currency loans saw a modest increase of 0.35%.
