Tbilisi (GBC) - The volume of loans issued by commercial banks (excluding interbank loans) in October 2022 increased by 17.42 million GEL or by 0.04% compared to the previous month (exchange rate effect excluded, increased by 0.55%) and constituted 43.24 billion GEL by November 1, 2022, - according to the report published by the National Bank of Georgia (Geostat).
As of the document, the volume of loans in national currency increased by 261.19 million GEL (1.11%) and the volume of loans in foreign currency decreased by 243.77 million GEL or by 1.24% in the same period (exchange rate effect excluded, decreased by 0.12%).
By the end of October 2022, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 7.27 billion GEL (1.41% more compared to the previous month), and foreign currency denominated loans constituted 12.07 billion GEL (1.56% less; exchange rate effect excluded volume of lending in foreign currency decreased by 0.44%).
During October 2022, the volume of lending to resident household sector increased by 0.38% or 87.37 million GEL, and constituted 23.07 billion GEL by November 1, 2022.
Larization ratio for total loans constituted 55.17 percent by November 1, 2022 and increased by 0.58 percentage point (exchange rate effect excluded, increased by 0.30 percentage point), compared to October 1, 2022.