BAKU, Azerbaijan, Sept. 27
By Tamilla Mammadova – Trend:
The volume of loans issued by commercial banks (excluding interbank loans) in August 2021 increased by 478.45 million lari or by 1.21 percent compared to the previous month and constituted 40.07 billion lari ($12.8 billion) by September 1, 2021, Trend reports via the National Bank of Georgia.
The volume of loans in national currency increased by 343.29 million lari ($110.6 million) and the volume of loans in foreign currency increased by 135.17 million lari ($43.4 million) or by 0.65 percent in the same period.
By the end of August 2021, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 6.10 billion lari ($1.9 billion), and foreign currency denominated loans constituted 13.03 billion lari ($4.1 billion).
In August 2021, the volume of lending to resident household sector increased by 1.09 percent or 216.31 million lari ($69.6 million), and constituted 20.09 billion lari ($6.4 billion) by September 1, 2021.
Larization ratio for total loans constituted 48.02 percent by September 1, 2021 and increased by 0.29 percentage point (exchange rate effect excluded, increased by 0.13 percentage point), compared to August 1, 2021.
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