Tbilisi (GBC) - The share of problematic loans in the portfolio of banks has decreased. As of November 1, it is within GEL 850 million, which is 2% of the total portfolio.
According to the NBG, unlike the pandemic, the war crisis did not affect Georgia. Even during the pandemic, the volume of non-performing loans did not reach the assumed 10%. It was only increased to 8.5% and started to decrease from Q2/2021.
Russia's war against Ukraine did not have a negative impact on the Georgian banking sector. The risks did not materialize. On the contrary, migration encouraged economic growth.
Banks by Problem Loans
|
Loans (GEL) |
Share % |
|
Bank of Georgia |
7.37 bln |
0.7% |
|
TBC Bank |
6.8 bln |
0.66% |
|
|
|
||
Liberty Bank |
1.2 bln |
3.8% |
|
Basis Bank |
0.76 bln |
0.8% |
|
Credo Bank |
1.1 bln |
5.9% |
|
Source: NBG (Q3/2022) |
|