Tbilisi (GBC) – Cartu has increased its foreign exchange loan portfolio. As of 01/2025 (as of February 1), the dollarization ratio of loans is 59.8%. It has increased by 6% annually. Last year, the share of foreign currency loans was 53.6%.

As of February 1, 667 million GEL equivalent loans were issued in foreign currency. Last year, it was 506 million GEL.

The dollarization of deposits has also increased, although insignificantly. As of 01/2025, it is 83.5% (01/2024 – 83%).

Cartu started 2025 with a profit of 1.6 million GEL (01/2024 -3.3 million: -51%Y.Y).

 

01/2025 (GEL)

01/2024 (GEL)

Total Assets

1 946 431 626

1 891 489 455

Total Loan Portfolio

1 118 785 853

   838 784 112

Clients’ Deposits

1 396 776 984

1 359 881 916

o   Current

 

   632 644 229

o   Demand

 

      39 006 081 

o   Term

 

    688 231 607

 

 

    

Chartered Capital

448 357 990

    410 611 227

Current Year’s Loss (Profit)

    1 615 031

         3 333 620

Source: Commercial Banks  & BRG