Tbilisi (GBC) – Banks’ lending growth fell below 4% y-o-y, in contrast to the previous year's 14.7% growth. The high rate of lending last year was not a threat given the recovery of incomes. This year, the NBG issued regulations, which fights inflation.
Among the banks with a large portfolio, the investments of Cartu and Procreditbank have been reduced. The member of the largest German banking group is represented with a 2.66% share (01.11.2021 – 3.31%). The bank, with the highest credit rating in the market, is gradually becoming passive. Among the hindering factors are the NBG’s dedollarization regulations.
Banks’ Rating By Credit Portfolio