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Georgian's commercial banks see increase in number of total loans

Finance Materials 13 May 2021 21:58 (UTC +04:00)
Georgian's commercial banks see increase in number of total loans

BAKU, Azerbaijan, May 13

Tamilla Mammadova – Trend:

The number of total loans of Georgian commercial banks increased in the first quarter of 2021 compared to the same period of the previous year, Trend reports via the National Bank of Georgia.

According to the National Bank, the average lending rate of commercial banks slowed to 7.5 percent, still some banks saw a significant increase.

The ranking of top banks by the growth of total loans is as follows:

Liberty Bank - in the first quarter of 2021 the total loans made 1.77 billion lari ($517.9 million) against 1.31 billion lari ($383.3 million) in the same period of the previous year, a 35.2 percent growth;

ProCredit Bank - in the first quarter of 2021 the total loans amounted to 1.42 billion lari ($415.5 million) against 1.16 billion lari ($339.4 million) in the same period of the previous year, a 22.4 percent growth;

VTB Bank Georgia - in the first quarter of 2021 total loans amounted to 1.45 billion lari ($424.3 million), against 1.24 billion lari ($363.8 million) in the same period of the previous year, a 16.9 percent growth;

Bank of Georgia - in the first quarter of 2021 total loans amounted to 13.71 billion lari ($4.01 billion) against 12.46 billion lari ($3.64 billion) in the same period of the previous year, a 10 percent growth;

TBC Bank - in the first quarter of 2021 total loans made 15.02 billion lari ($4.3 billion) against 13.81 billion lari ($4.04 billion) in the same period of the previous year, 8.8 percent growth;

Basisbank - total loans in the first quarter of 2021 amounted to 1.09 billion lari ($318.9 million) against 1.10 billion lari ($321.9 million) in the same period of the previous year, a 1 percent decline.

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