BAKU, Azerbaijan, August 4
Tamilla Mammadova – Trend:
The total loans in Georgia have been growing since March 2021, following a prolonged declining period due to COVID-19, Trend reports via the National Bank of Georgia.
The total loans increased by 12.6 percent year-on-year and reached 39.2 billion lari ($12.6 billion) as of June 2021.
In particular, amid recovery in economic activity, corporate loan volume displayed the highest improvement in June 2021 and realized as 8.3 percent year-on-year, 1.9 pp higher compared to the previous month.
Over the same period, the annual growth rate in MSME segment has reached the highest levels since the beginning of the pandemic and expanded by 18.1 percent, while retail segment rose by 12.6 percent year-on-year.
In June, a volume of the lari-denominated loans increased by 27.6 percent and reached 18.5 billion lari ($5.9 billion), while FX loans expanded by 1.3 percent year-on-year and stood at 20.7 billion lari ($6.6 billion). Compared to the previous month, nominal (by 1.6 pp) as well as FX-adjusted (by 0.4 pp) loan dollarization decreased and amounted 52.8 percent.
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