President of the National Bank of Georgia (NBG), Natia Turnava, has said the bank may consider adjusting lending regulations for real estate developers to make it easier for them to secure bank loans. However, she emphasized that any decision would be made only if an assessment confirms that such changes would not endanger financial stability.
“I agree that this sector requires certain support. Naturally, stricter mortgage regulations mean stronger supervision and better risk management. We have taken into account developers’ concerns, but our primary goal remains financial stability,” Turnava told journalists.
She mentioned that the NBG has already taken some steps in this direction and continues to review existing regulations in cooperation with developers. While she did not provide specific details, Turnava hinted that the central bank might consider slightly relaxing the capital-to-debt ratio for developers engaged in lower-risk projects under strict monitoring.
Currently, NBG regulations impose stringent capital and borrowing ratio requirements on developers. Earlier this year, in February 2025, the central bank reduced the minimum borrower contribution for mortgage loans from 15% to 10%.
