According to the National Bank's April "Monthly Review," overdue loans in February saw a 62 million GEL increase from the previous month, bringing the total to 776.1 million GEL.
The National Bank of Georgia reports that 36.9% of non-performing loans are denominated in the national currency.
"In February, excluding exchange rate effect, loans growth rate rose by 0.9 percentage points, with the annual rate standing at 14.2% due to faster growth in both domestic and foreign currency loans.
"Specifically, the growth rate of foreign currency loans increased by 1.2 percentage points to 12.6%, while the annual growth rate of national currency lending rose by 0.6 percentage points in a month to 15.4%. Lending in the national currency contributed approximately 8.7 percentage points to the growth of the total loan volume, and foreign currency lending contributed 5.5 percentage points. The growth of the loan portfolio was largely driven by business loans, which contributed 6.7 percentage points to the growth of the total loans," the "Monthly Review" reads.
