Georgia · Horizon published 28 Oct 2026 · Source published 27 Oct 2026 · Reviewed 28 Oct 2026
Georgia’s September banking data show broad credit and deposit growth
The National Bank of Georgia’s Financial Sector Review reports GEL 78.1 billion in bank loans and GEL 77.4 billion in deposits for September 2026, with credit growth visible across households and legal entities and especially strong annual growth in construction lending. The figures provide a current financing-commercial reference point.
Verified facts
- The National Bank of Georgia published the Financial Sector Review on 27 October 2026 using banking data through September 2026.
- The review reports total bank loans of GEL 78.1 billion, up 14.5% year on year in nominal terms, 13.7% in real terms and 16.9% when the exchange-rate effect is excluded.
- Excluding the exchange-rate effect, lending to legal entities increased by 15.3% year on year and household lending increased by 18.3%.
- The reported annual sector changes include construction at 27.8%, transport at 15.6%, agriculture at 15.3%, trade and services at 14.9% and manufacturing at 10.0%.
- Total deposits reached GEL 77.4 billion, representing increases of 18.1% nominally, 12.5% in real terms and 20.5% excluding the exchange-rate effect.
Horizon view
The review indicates continuing balance-sheet expansion and gives companies a sector-level financing context, with construction credit growing faster than several other reported categories. It does not answer the company-level question. A borrower still needs a named lender, eligible purpose, acceptable currency and tenor, verified cash flow, collateral and covenants, and a repayment case that remains viable under exchange-rate and interest-rate stress.
Commercial implication and next step
Companies evaluating Georgian financing should monitor three next checks: the National Bank’s next lending and asset-quality release; policy-rate, inflation and exchange-rate developments; and changes in foreign-currency exposure and sector lending. A bankability file should record borrower and sponsor, project or working-capital purpose, facility type, currency, tenor, collateral, covenants, equity contribution, sensitivity, fees, insurance, approvals, disbursement, repayment and default terms before treating aggregate credit growth as commercially relevant.
What to verify before acting
Single-source boundary: both cited records come from the National Bank of Georgia and the detailed figures are reported at banking-system or sector level. They do not establish a bank offer, approval, borrower eligibility, pricing, liquidity for a named case, collateral acceptance, credit quality, project viability, foreign-exchange availability, disbursement, repayment, contract or transaction.
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Relevant market platforms
Autumn 2026; online masterclasses, October–November incubation and late-November Demo Day described by GITA; exact participant schedule requires recheck · Kakheti Regional Tech Parks, Georgia
Wine Incubator 2026
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Tbilisi Finance Summit 2026
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6 November 2026 · Tbilisi
eCommerce Georgia 2026: Conference and Expo
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