Fx denominated loans as a share of bank loans reached 41.2% in fourth quarter of 2023 in Georgia, according to the National Central Bank. This is 1.23% less than in the previous quarter.
Historically, FX denominated loans as a share of bank loans in Georgia reached an all time high of 88.2% in 2Q2004 and an all time low of 40.4% in 4Q2022.
Georgia has been ranked 10th within the group of 45 countries we follow in terms of FX denominated loans as a share of bank loans.
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