The volume of loans issued by commercial banks (excluding interbank loans) in December 2021 increased by 1.63 billion GEL or by 3.93% compared to the previous month (exchange rate effect excluded, increased by 3.70%) and constituted 43.03 billion GEL by January 1, 2022, - according to the report published by the National Bank of Georgia (NBG).
The volume of loans in national currency increased by 685.88 million GEL (3.35%) and the volume of loans in foreign currency increased by 941.36 million GEL or by 4.50% in the same period (exchange rate effect excluded, increased by 4.04%).
By the end of December 2021, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 6.92 billion GEL (5.29% more compared to the previous month), and foreign currency denominated loans constituted 13.69 billion GEL (4.66% more; exchange rate effect excluded volume of lending in foreign currency increased by 4.21%).
During December 2021, the volume of lending to resident household sector increased by 3.10% or 646.57 million GEL, and constituted 21.52 billion GEL by January 1, 2022.
Larization ratio for total loans constituted 49.16 percent by January 1, 2022 and decreased by 0.28 percentage point (exchange rate effect excluded, decreased by 0.17 percentage point), compared to December 1, 2021.
Along with the loans, deposit volume is also increased. According to the NBG, the total volume of non-bank deposits in the country′ s banking sector increased by 3.96% or by 1.42 billion GEL (exchange rate effect excluded volume of deposits increased by 3.72%), compared to December 1, 2021 and constituted 37.16 billion GEL by January 1, 2022.
