25.May .2021 20:30

Loans Issued by Georgian Banks Exceeded 40 Billion GEL

Loans Issued by Georgian Banks Exceeded 40 Billion GEL
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The total volume of loans issued by 15 commercial banks operating in Georgia exceeded 40.15 billion GEL in April, which is a record figure for the banking system. According to statistics, the volume of lending in April increased by 1.12 billion GEL, or 2.87%, compared to the previous month.
 
The change in the exchange rate played a significant role in this increase, while excluding the effect of exchange rate depreciation, the increase in lending was 1.43%.

"During the same period, the volume of loans in national currency increased by 376.65 million GEL (2.17%), while the volume of loans in foreign currency increased by 742.48 million GEL (3.42%) (excluding the exchange rate effect, increased by 0.83%).

At the end of April 2021, for resident legal entities, commercial banks issued loans in national currency - GEL 5.64 billion (2.59% more than in the previous month), and foreign currency loans in the amount of GEL 14.03 billion (4.10% more than in the previous month) (exchange rate) Without effect, 1.49% more).

During April 2021, the volume of lending to the resident household sector increased by 2.14% or GEL 411.13 million and amounted to GEL 19.67 billion by May 1 of the current year.

As of May 1 this year, the larization ratio of total loans was 44.15%, down 0.30 percentage points from April 1, 2021 (excluding the exchange rate effect, increased by 0.33 percentage points)," the National Bank said in a statement.