BAKU, Azerbaijan, July 1
By Tamilla Mammadova – Trend:
Overdue loans increased by 13.6 million lari ($4.6 million) compared to April 2020 and reached 506.2 million lari ($166.2 million) in Georgia in May 2020, Trend reports referring to National Bank of Georgia (NBG).
The share of overdue loans in the loan portfolio of commercial banks in May amounted to 1.5 percent.
Some 34.1 percent of overdue loans are denominated in national currency.
According to NBG, during the reporting period, the dollarization rate of the entire loan portfolio decreased by 0.1 percentage points and amounted to 57.6 percent.
In May 2020, the volume of official international reserves increased by $116.6 million.
The increase in international reserves was driven by a loan of $201 million provided to the country by International Monetary Fund (IMF) as part of the Enhanced Financing Facility program and other treasury operations.
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