The National Bank of Georgia(NBG) published a report about the current tendencies of resident commercial banks loan portfolios as of August 2024. According to the document, the volume of loans issued by commercial banks (excluding interbank loans) in August 2024 increased by 538.45 million GEL or by 0.94% compared to the previous month (exchange rate effect excluded, increased by 1.09%) and constituted 57.68 billion GEL by the end of August 2024. The volume of loans in national currency increased by 495.62 million GEL (1.56%) and the volume of loans in foreign currency increased by 42.83 million GEL or by 0.17% in the same period (exchange rate effect excluded, increased by 0.50%).
By the end of August 2024, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 9.49 billion GEL (1.29% more compared to the previous month), and foreign currency denominated loans constituted 16.29 billion GEL (0.69% more; exchange rate effect excluded volume of lending in foreign currency increased by 1.04%).
During August 2024, the volume of lending to resident household sector increased by 1.07% or 319.17 million GEL, and constituted 30.06 billion GEL by the end of August 2024.
Larization ratio for total loans constituted 56.10% by the end of August 2024 and increased by 0.34 percentage point (exchange rate effect excluded, increased by 0.26 percentage point), compared to the end of July 2024.
