The latest data from the National Bank of Georgia stated that real estate development continues to dominate commercial lending in Georgia, maintaining the largest share of bank-issued loans.
As of the end of February 2026, total loans extended to the business sector reached GEL 43 billion, reflecting an 11% year-on-year increase. Within this portfolio, real estate development accounted for the largest share, with GEL 4.57 billion in outstanding loans.
Notably, lending to the sector grew by 13% annually, outpacing the overall growth rate of business lending and reinforcing its position as the primary driver of credit expansion.
In addition to development, real estate management has emerged as another major area for bank financing. Loans issued to this segment reached GEL 4 billion, a significant 18% annual increase.
This parallel growth in both development and management shows the increasing importance of the broader real estate ecosystem within Georgia’s financial sector.
The continued concentration of lending in real estate shows banks’ preference for sectors with strong asset backing and growth potential. At the same time, it reflects sustained demand in the property market and ongoing investment in both residential and commercial developments.
