The volume of loans issued by commercial banks (excluding interbank loans) in February 2021 increased by 258.56 million GEL or by 0.68% compared to the previous month (exchange rate effect excluded, increased by 0.29%) and constituted 38.43 billion GEL by March 1, 2021.
According to the National Bank of Georgia, the volume of loans in national currency increased by 186.87 million GEL (1.11%) and the volume of loans in foreign currency increased by 71.69 million GEL or by 0.34% in the same period (exchange rate effect excluded, decreased by 0.36%).
“By the end of February 2021, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 5.38 billion GEL (0.81% more compared to the previous month), and foreign currency denominated loans constituted 13.31 billion GEL (0.62% more; exchange rate effect excluded volume of lending in foreign currency decreased by 0.08%).
During February 2021, the volume of lending to resident household sector increased by 1.00% or 187.48 million GEL, and constituted 18.95 billion GEL by March 1, 2021.
Larization ratio for total loans constituted 44.33 percent by March 1, 2021 and increased by 0.19 percentage point (exchange rate effect excluded, increased by 0.36 percentage point), compared to February 1, 2021”, - the NBG’s report reads.
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