Retail loans reached 12.8 GEL bil in 2017 in Georgia, according to the National Central Bank. This is 17.6 % more than in the previous year.
Historically, retail loans in Georgia reached an all time high of 12.8 GEL bil in 2017 and an all time low of 0.230 GEL bil in 2002. When compared to Georgia's main peers, retail loans in Armenia amounted to 1,047 AMD bil, 4.61 AZN bil in Azerbaijan, 12,174 RUB bil in Russia and 509 TRY bil in Turkey in 2017.
Georgia has been ranked 45th within the group of 51 countries we follow in terms of retail loans, 24 places above the position seen 10 years ago.
A retail loan is a loan provided by a bank to a physical person.