The National Bank of Georgia published a report on current tendencies of resident commercial banks' loan portfolio as of March 2024. According to the document, the volume of loans issued by commercial banks (excluding interbank loans) in March 2024 increased by 1.54 billion GEL or by 2.94% compared to the previous month (exchange rate effect excluded, increased by 2.40%) and constituted 53.78 billion GEL by the end of March 2024. The volume of loans in national currency increased by 562.23 million GEL (1.93%) and the volume of loans in foreign currency increased by 974.63 million GEL or by 4.22% in the same period (exchange rate effect excluded, increased by 2.99%).
By the end of March 2024, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 8.84 billion GEL (2.27% more compared to the previous month), and foreign currency denominated loans constituted 15.21 billion GEL (5.19% more; exchange rate effect excluded volume of lending in foreign currency increased by 3.95%).
During March 2024, the volume of lending to resident household sector increased by 2.00% or 547.91 million GEL, and constituted 27.93 billion GEL by the end of March 2024.
Larization ratio for total loans constituted 55.20% by the end of March 2024 and decreased by 0.55 percentage point (exchange rate effect excluded, decreased by 0.26 percentage point), compared to the end of February 2024.
