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
|
01.11.2022 |
01.11.2021 |
|
TBC Bank |
16,756,976 |
16 009 007 |
|
Bank of Georgia |
15,721,295 |
15 045 058 |
|
Liberty Bank |
2,381,434 |
1 912 838 |
|
Basis Bank |
2,037,848 |
1 184 034 |
|
Credo |
1,697,179 |
1 428 428 |
|
ProCredit Bank |
1,150,154 |
1 381 647 |
|
Terabank |
1,064,365 |
944 348 |
|
Bank Cartu |
758,808 |
976,905 |
|
Source: Commercial Banks