Starting August 1, 2025, the National Bank of Georgia will increase the cap on unhedged foreign currency loans from GEL 500,000 to GEL 750,000. Under the new regulation, individuals earning in GEL will be prohibited from taking out foreign currency loans exceeding this amount.
As the Banking Association of Georgia reports, the change is expected to impact a relatively small segment of borrowers. Aleksandre Dzneladze, the association’s president, noted that the decision will mostly affect medium-sized businesses and applicants seeking larger mortgage loans.
Dzneladze explained that this adjustment is part of the National Bank’s longer-term plan to slowly raise the threshold to GEL 1 million. He added that the pace of larization has slowed in recent months, likely influencing the timing of the decision.
Despite potential complications for certain loan categories, the overall impact is expected to be limited in range.
