BAKU, Azerbaijan, Feb. 28
By Maryana Akhmedova – Trend:
The loan portfolio of Georgia’s banking sector in January 2022 increased by 17.2 percent year-on-year (excluding the foreign exchange effect), after increasing by 18.2 percent year-on-year in December 2021, Trend reports via Galt&Taggart investment bank.
According to the statistics, in unadjusted terms, the loan portfolio increased by 10.5 percent year-on-year to 42.2 billion Georgian lari ($13.8 billion).
The corporate loan growth by sector in Georgia in January 2022 was at 15.6 percent (17.9-percent growth in December 2021), while the retail loan growth stood at 18.8 percent (18.4-percent growth in December 2021).
Meanwhile, the mortgage loan portfolio in January 2022 increased by 11.6 percent year-on-year, after increasing by 12 percent in December 2021.
The bank deposits growth in January 2022 slowed to 11.5 percent (0.2-percent decrease month-on-month), and amounted to 36.8 billion Georgian lari ($12 billion), after a 12.2-percent growth in December 2021.
According to Galt&Taggart, the deposits growth in Georgian lari in the reporting period of 2022 increased to 13.3 percent year-on-year (11.6-percent growth in December 2021).
The growth of deposits in foreign currency in January 2022 slowed to 10.3 percent year-on-year (12.6-percent growth in December 2021). The deposit dollarization decreased to 58.6 percent (-2.87 percentage points year-on-year, and -1.37 percentage points month-on-month).
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