The National Bank of Georgia published a report on resident commercial banks loan portfolio as of January 2024. The volume of loans issued by commercial banks (excluding interbank loans) in January 2024 decreased by 816.70 million GEL or by 1.55% compared to the previous month (exchange rate effect excluded, decreased by 1.11%) and constituted 51.84 billion GEL by the end of January 2024. The volume of loans in national currency decreased by 166.78 million GEL (0.58%) and the volume of loans in foreign currency decreased by 649.91 million GEL or by 2.73% in the same period (exchange rate effect excluded, decreased by 1.75%).
By the end of January 2024, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 8.51 billion GEL (3.21% less compared to the previous month), and foreign currency denominated loans constituted 14.41 billion GEL (3.14% less; exchange rate effect excluded volume of lending in foreign currency decreased by 2.17%).
During January 2024, the volume of lending to resident household sector increased by 0.13% or 35.41 million GEL, and constituted 27.16 billion GEL by the end of January 2024.
Larization ratio for total loans constituted 55.30% by the end of January 2024 and increased by 0.54 percentage point (exchange rate effect excluded, increased by 0.29 percentage point), compared to the end of December 2023.
