Tbilisi (GBC) - Problem credits of 386 million GEL remain in consumer loans (Q1/2022 - GEL 283 million).
Among them, up to 5% are denominated in GEL and 3%-3% remain in foreign currency (Q1/2022 -5%, 4.3%, 3.6%)
Compared to other credit products, consumer lending is characterized by a high attrition rate, even without the influence of pandemics, war crises and other global shocks.
Before the pandemic, 9% of US dollar-denominated loans were non-performing, this figure has doubled to a maximum of 18% during the lockdown. It decreased to 6.3% in Q1/2023, and to 3.2% in Q1/2023. The share of problematic portfolio in Euro consumer loans does not exceed 3% (7.9 million GEL).