The National Bank of Georgia (NBG) published a new report for 2020. According to the report, 8.4% of banking loans accounts for non-performing loans, which is doubled compared to 2019. In addition, this rate will reach 10% in 2021.
The share of nonperforming loans by the segments:
• Corporate loans – 7.44% is a non-performing loan;
• Small and medium-sized business loans – 9.75% is a non-performing loan;
• Private Individuals’ loans – 9. 30% is a non-performing loan.
According to the statistics, the highest share of non-performing loans is observed in foreign currency loans. Including, the share of non-performing loans in the mortgages with a portfolio of 8.7 billion is grown. Namely, non-performing loans in the mortgages issued in foreign currency were grown and exceeded 10%.
The share of non-performing loans in mortgages issued in GEL increased up to 4% from 1% in 2020. The total portfolio of mortgages in GEL amounts to 3.7 billion GEL.
