The FINANCIAL -- The volume of lending by commercial banks (including loans to non-residents) in July 2018 increased by 132.9 million GEL or by 0.6 percent compared to the previous month (exchange rate effect excluded volume of lending increased by 0.7 percent) and constituted 23.3 billion GEL by August 1, 2018.
According to NBG, the volume of loans in the national currency increased by 126.4 million GEL (1.2 percent) and the volume of loans in foreign currencies increased by 6.5 million GEL or by 0.1 percent in the same period (as a result of operations, or exchange rate effect excluded, above mentioned indicator increased by 0.2 percent).
By the end of July 2018, commercial banks issued 2.9 billion GEL worth of national currency-denominated loans (2.3 percent more compared to the previous month), and 7.2 billion GEL worth of foreign currency denominated loans (0.8 percent less) to resident legal entities (exchange rate effect excluded volume of lending in the foreign currency decreased by 0.6 percent).
During July 2018, the volume of lending to resident individuals increased by 0.9 percent or 119.5 million GEL, and constituted 12.7 billion GEL by August 1, 2018.
Larization ratio for total loans constituted 45.45 percent by August 1, 2018 and increased by 0.29 percentage point (exchange rate effect excluded increased by 0.24 percentage point), compared to July 1, 2018.