The National Bank of Georgia (NBG) published information about the current tendencies of resident commercial banks’ loan portfolios and deposits as of April 2024.

The volume of loans issued by commercial banks (excluding interbank loans) in April 2024 increased by 730.66 million GEL or by 1.36% compared to the previous month (exchange rate effect excluded, increased by 1.66%) and constituted 54.51 billion GEL by the end of April 2024. The volume of loans in national currency increased by 435.78 million GEL (1.47%) and the volume of loans in foreign currency increased by 294.88 million GEL or by 1.22% in the same period (exchange rate effect excluded, increased by 1.89%).

By the end of April 2024, the total volume of national currency-denominated loans to resident legal entities issued by commercial banks amounted to 8.82 billion GEL (0.20% less compared to the previous month), and foreign currency-denominated loans constituted 15.47 billion GEL (1.71% more; exchange rate effect excluded volume of lending in foreign currency increased by 2.37%).

During April 2024, the volume of lending to resident household sector increased by 1.72% or 481.62 million GEL and constituted 28.41 billion GEL by the end of April 2024.

Larization ratio for total loans constituted 55.25% by the end of April 2024 and increased by 0.06 percentage point (exchange rate effect excluded, decreased by 0.10 percentage point), compared to the end of March 2024, the NBG said.

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