Bank lending increased by 14.8% y/y in Aug-25
In Aug-25, the banking sector loan portfolio grew by 14.8% y/y (+1.0% m/m), excluding FX effect, slightly below July’s 14.9% y/y pace. In unadjusted terms, the loan portfolio increased by 15.7% y/y (+1.0% m/m), reaching GEL 66.8bn (US$ 24.8bn). By segment, loans to legal entities increased by 15.4% y/y (excluding FX effect), while retail loans rose by 14.3% y/y. Loan dollarization stood at 42.4% (flat m/m and -1.49ppts y/y) in Aug-25.
On the funding side, deposits advanced by 11.6% y/y (excluding FX effect) to GEL 63.0bn (US$ 23.1bn) in Aug-25, compared with 10.9% y/y growth in the previous month. In terms of currency breakdown, GEL deposits grew by 8.1% y/y (+8.8% y/y in Jul-25) and FX deposits (exc. FX effect) growth accelerated to 15.3% y/y (+13.2% y/y in Jul-25). Deposit dollarization stood at 49.7%, flat m/m and up 1.90ppts y/y in Aug-25.
NBG purchased US$ 199.6mn in Aug-25
NBG intervened on FX market and purchased US$ 199.6mn through BMatch platform in Aug-25. Overall, the NBG’s net purchases reached US$ 1.5bn in 8M25.
