The National Bank of Georgia reported that the total bank lending in Georgia continued its upward trend in February 2026, reaching GEL 71.06 billion. The figure represents a monthly increase of GEL 654.6 million (0.93%) and a year-on-year growth rate of 14.2%. When adjusted for exchange rate fluctuations, lending expanded by 1.32% compared to January.
The increase in lending was primarily driven by loans denominated in Georgian Lari which rose by GEL 530 million over the month. Foreign currency lending also grew, though at a slower pace, increasing by GEL 124 million.
As a result, the level of dollarization in the banking system continued to decline, with the larization coefficient improving to 57.78%, up 0.22 percentage points month-on-month.
Lending to resident legal entities showed moderate growth. Loans in local currency reached GEL 10.77 billion, increasing by 0.81% compared to January, while foreign currency loans to businesses totaled GEL 20.31 billion, up 0.39%. Adjusted for exchange rate effects, corporate lending grew by 1.27% over the month.
Household lending also expanded, rising by GEL 351.5 million (0.95%) to reach GEL 37.17 billion. The data reflects sustained demand for retail credit alongside ongoing corporate borrowing.
