In August 2018, the banking sector loan portfolio increased 19.0% y/y after growing 18.1% y/y in previous month, excluding the exchange rate effect. In unadjusted terms, loan portfolio was up 23.3% y/y and up 4.1% m/m to GEL 24.2bn (US$ 9.4bn). Deposits were up 16.9% y/y excluding the exchange rate effect. In unadjusted terms, deposits were up 21.2% y/y and up 5.1% m/m to GEL 21.5bn (US$ 8.4bn). Deposit dollarization stood at 62.7% (-2.8ppts y/y and +1.9ppts m/m). NPLs stood at 2.6% in August 2018 (-0.7ppts y/y and flat m/m).
Source: G&T
