BAKU, Azerbaijan, October 27
By Tamilla Mammadova – Trend:
The volume of loans issued by Georgian commercial banks (excluding interbank loans) in September 2020 increased by 1.89 billion lari ($588.7 million) or by 5.49 percent compared to August 2020 (exchange rate effect excluded, increased by 1.73 percent) and constituted 36.38 billion lari ($11.3 billion) by October 1, 2020, Trend reports via the National Bank of Georgia.
The volume of loans in national currency increased by 552.91 million lari ($172.2 million) or by 3.70 percent and the volume of loans in foreign currency increased by 1.34 billion lari ($417.4 million) or by 6.85 percent in the same period (exchange rate effect excluded, increased by 0.23 percent).
By the end of September 2020, the total volume of national currency-denominated loans to resident legal entities issued by commercial banks amounted to 4.69 billion lari ($1.4 billion) (6.03 percent more compared to the previous month), and foreign currency-denominated loans constituted 12.81 billion lari ($3.9 billion) or by 7.03 percent more.
During September 2020, the volume of lending to the resident household sector increased by 4.23 percent or 732.34 million lari ($228.1 million) and constituted 18.05 billion lari ($5.6 billion) by October 1, 2020.
Larization ratio for total loans constituted 42.55 percent by October 1, 2020, and decreased by 0.73 percentage point (exchange rate effect excluded, increased by 0.84 percentage point), compared to September 1, 2020.
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