Tbilisi (GBC) – Consumer loans continue to maintain the highest upward trend in lending. As of 01.12.2024, the annual growth rate is 26%. Compared to the previous year, the pace has accelerated (01.12.2023- +23.5% Y.Y), although it does not exceed the summer coefficient (07/2024 - 28.7%).

The annual growth rate of business loans is 17.48% (01.12.2023 – 17.12%Y.Y). The business portfolio of banks is still highly dollarized. The dollarization rate is 59%, down only 1% since September (09/2024- 60%).

According to December figures, a total of 288,000 loans worth 35 billion GEL were issued for business financing, of which 24,840 loans worth 20.6 billion GEL were equivalent in foreign currency.

Over the year, the number of foreign currency loans has increased, while GEL issuances to businesses have decreased. Accordingly, there is an increase in foreign currency from 23,265 to 24,840. There is a decrease in GEL from 272,840 to 263,110.

Banks By Lending

           

11m/24 BLN

   Share

TBC Bank

23 253 164

38,52%

Bank of Georgia

23 798 873

37,64%

Liberty Bank

3 599 516

5,83%

Basis Bank

2 917 955

4,72%

Credo Bank

2 447 134

3,96%

Terabank

1 068 933

2,32%

ProCredit Bank

1 363 475

2,21%

Cartu Bank

1 431 873

1,73%

Source : NBG

GEL

 %