In March, overdue loans decreased by GEL 125.2 million compared to the previous month and amounted to GEL 437.6 million. 40.5% of overdue loans are denominated in national currency- the National Bank’s monthly review reads.
In March this year. weighted average interest rates on loans decreased by 0.7 percentage points compared to last month and were set at 13.2%. The weighted average annual interest rate on loans in the national currency decreased by 0.3 percentage points to 16.6%, the interest rate on loans in foreign currency increased by 0.1 percentage points to 8.1%.
In March, the dollarization of the total loan portfolio increased by 0.5 percentage points compared to last month and stood at 44.3%. Dollarization of corporate loans increased by 0.8 p.p. compared to the previous month and amounted to 61.2%, the dollarization of loans to individuals increased by 0.2 percentage points to 29.9%.