The FINANCIAL — The volume of lending by commercial banks (including loans to non-residents) in March 2018 increased by 286.6 million GEL or by 1.3 percent compared to the previous month (exchange rate effect excluded volume of lending increased by 2.8 percent) and constituted 22.2 billion GEL by April 1, 2018.
The volume of loans in the national currency increased by 247.5 million GEL (2.6 percent) and the volume of loans in foreign currencies increased by 39.1 million GEL or by 0.3 percent in the same period (as a result of operations, or exchange rate effect excluded, above mentioned indicator increased by 3.0 percent).
By the end of March 2018, commercial banks issued 2.6 billion GEL worth of national currency-denominated loans (1.2 percent more compared to the previous month), and 7.0 billion GEL worth of foreign currency denominated loans (1.9 percent more) to resident legal entities (exchange rate effect excluded volume of lending in the foreign currency decreased by 4.6 percent).
During March 2018, the volume of lending to resident individuals increased by 1.1 percent or 134.3 million GEL, and exceeded 11.8 billion GEL by April 1, 2018, according to NBG.
Larization ratio for total loans constituted 44.75 percent by April 1, 2018 and increased by 0.54 percentage point (exchange rate effect excluded decreased by 0.10 percentage point), compared to March 1, 2018.
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