28.Sep .2021 14:30

Volume Of Loans Issued By Commercial Banks Is Up

Volume Of Loans Issued By Commercial Banks Is Up
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The National Bank of Georgia (NBG) published a report on the current conditions of commercial banks' loan portfolio. According to the report, the volume of loans issued by commercial banks (excluding interbank loans) in August 2021 increased by 478.45 million GEL or by 1.21% compared to the previous month (exchange rate effect excluded, increased by 1.53%) and constituted 40.07 billion GEL by September 1, 2021. The volume of loans in national currency increased by 343.29 million GEL (1.82%) and the volume of loans in foreign currency increased by 135.17 million GEL or by 0.65% in the same period (exchange rate effect excluded, increased by 1.28%).

By the end of August 2021, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 6.10 billion GEL (2.03% more compared to the previous month), and foreign currency denominated loans constituted 13.03 billion GEL (1.02% more; exchange rate effect excluded volume of lending in foreign currency increased by 1.65%).

During August 2021, the volume of lending to resident household sector increased by 1.09% or 216.31 million GEL, and constituted 20.09 billion GEL by September 1, 2021.

Larization ratio for total loans constituted 48.02 percent by September 1, 2021 and increased by 0.29 percentage point (exchange rate effect excluded, increased by 0.13 percentage point), compared to August 1, 2021.