25.Jun .2020 14:38

Credit Portfolio of Banks Decreased in May

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According to a report published by the National Bank, the total loan portfolio of banks operating in Georgia has decreased over the past month. Reduction was 25.4 million GEL or 0.07%, while the decrease without the effect of the exchange rate was 0.2%.

"As of June 1 of the current year, the total loan larization rate was 41.86 percent. Compared to May 1, 2020, total loan larization decreased by 0.05 percentage points (except for the exchange rate effect)," the NBG report said.

The total assets of 15 commercial banks increased by GEL 331.16 million compared to the previous month, or by 0.67 percent (increased by 1.12 percent without the exchange rate effect) and amounted to GEL 49.45 billion by June 1, 2020. Including, the share capital of banks amounted to 5.13 billion GEL, which was 10.37% of the sector's assets.

Deposits:

“As of June 1, 2020, the volume of non-bank deposits in the banking sector amounted to 28.22 billion GEL, which is 636.68 million GEL, or 2.31% more comparing to May 1 (2.62% without exchange rate effect). In May, compared to the previous month, term-deposits have increased by 490.18 million GEL or 3.92% (an increase of 4.38% without the effect of the exchange rate), while demand deposits increased by GEL 146.50 million, or 0.97% (an increase of 1.17% without the effect of the exchange rate).