According to the National Bank of Georgia (NBG), as of November 1, 2019, the volume of 15 commercial banks’ assets is growing.
Total assets of commercial banks have been increased by 546.6 million GEL i.e. 1.2 per cent comparing to October 2019 and the volume has made up 46.3 billion GEL by November 2019.
Moreover, according to the NBG, banking sectors’ own funds (equity capita) have made up 5.5 billion GEL, which is 11.9 per cent of the commercial banks’ total assets.
The volume of loans issued by commercial banks (excluding interbank loans) in October 2019 increased by 635.26 million GEL or by 2.11% compared to the previous month (exchange rate effect excluded, increased by 1.63%) and constituted 30.75 billion GEL by November 1, 2019. The volume of loans in national currency increased by 204.79 million GEL (1.52%) and the volume of loans in foreign currency increased by 430.47 million GEL or by 2.59% in the same period (exchange rate effect excluded, increased by 1.71%).
By the end of October 2019, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 4.31 billion GEL (1.04% more compared to the previous month), and foreign currency denominated loans constituted 10.20 billion GEL (3.40% more; exchange rate effect excluded volume of lending in foreign currency increased by 2.49%).
During October 2019, the volume of lending to resident household sector increased by 1.30% or 198.19 million GEL, and constituted 15.42 billion GEL by November 1, 2019.
Larization ratio for total loans constituted 44.51 percent by November 1, 2019 and decreased by 0.26 percentage point (exchange rate effect excluded, decreased by 0.05 percentage point), compared to October 1, 2019.
