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The Volume Of Loans Up By GEL 1.1 BLN In September

ბანკები

The volume of loans issued by commercial banks (excluding interbank loans) in September 2023 increased by GEL 1.15 billion or by 2.39% compared to the previous month (exchange rate effect excluded, increased by 1.99%) and constituted GEL 49.17 billion by the end of September 2023.

The volume of loans in national currency increased by GEL 603.20 million (2.28%) and the volume of loans in foreign currency increased by GEL 543.78 million or by 2.52% in the same period (exchange rate effect excluded, increased by 1.64%).

"By the end of September 2023, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to GEL 8.01 billion (4.37% more compared to the previous month), and foreign currency denominated loans constituted GEL 13.84 billion (3.54% more; exchange rate effect excluded volume of lending in foreign currency increased by 2.65%).

During September 2023, the volume of lending to resident household sector increased by 1.24% or GEL 317.76 million, and constituted GEL 25.84 billion by the end of September 2023.

Larization ratio for total loans constituted 55.01% by the end of September 2023 and decreased by 0.06 percentage point (exchange rate effect excluded, increased by 0.16 percentage point), compared to the end of August 2023", - the document reads.