BAKU, Azerbaijan, Nov. 3
By Tamilla Mammadova – Trend:
Funds on state deposits decreased by 98.9 million lari ($30.6 million) in September in Georgia and at the end of the period amounted to 1.18 billion lari ($3.6 billion), Trend reports via the National Bank of Georgia (NBG).
According to the NBG, in the reporting period, certificates of deposit with a nominal value of 20 million lari ($6.2 million) were placed and redeemed.
Overdue debt decreased by 36.7 million lari ($11.3 million) in September to 523.2 million lari ($162.2 million). Its share in the loan portfolio of commercial banks amounted to 1.4 percent.
Some 31 percent of overdue loans were denominated in the national currency.
In the reporting period, the level of dollarization of the entire loan portfolio increased by 0.8 percentage points to 57 percent.
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