The volume of loans issued by commercial banks (excluding interbank loans) in March 2023 increased by 412.20 million GEL or by 0.93% compared to the previous month (exchange rate effect excluded, increased by 1.55%) and constituted 44.87 billion GEL by the end of March 2023. The volume of loans in national currency increased by 275.08 million GEL (1.12%) and the volume of loans in foreign currency increased by 137.12 million GEL or by 0.69% in the same period (exchange rate effect excluded, increased by 2.09%).
By the end of March 2023, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 7.39 billion GEL (0.42% more compared to the previous month), and foreign currency denominated loans constituted 12.46 billion GEL (1.07% more; exchange rate effect excluded volume of lending in foreign currency increased by 2.50%).
During March 2023, the volume of lending to resident household sector increased by 1.03% or 246.27 million GEL, and constituted 24.08 billion GEL by the end of March 2023.
Larization ratio for total loans constituted 55.45% by the end of March 2023 and increased by 0.10 percentage point (exchange rate effect excluded, decreased by 0.24 percentage point), compared to the end of February 2023.
