In August, overdue loans volume decreased by GEL 75.4 million compared to the previous month and equaled GEL 543.7 million - the National Bank's "Monthly Review" reads.
According to "Monthly Review", 45.2% of overdue loans are denominated in national currency.
"Excluding the effect of the exchange rate, loans increased by 18.6% annually in August. The growth rate of loans increased by 0.3 pp compared to last month. The increase in the growth rate of loans was caused by the equal acceleration of national and foreign currency lending. In particular, in August, lending in foreign currency (excluding the exchange rate effect) increased by 14.0% annually and contributed 6.3 pp to the total loans growth. The growth of foreign currency lending is driven by the growth of business loans contributing 11.1 pp to the lending growth. The contribution of mortgage loans to the growth of total loans amounted to 2.4 pp. The growth rate of lending in national currency increased to 22.4% and contributed 12.3 percentage points to the growth of total loans.
In August, the weighted average interest rate of loans rose by 0.3 pp and stood at 13.3% compared to the previous month,. The interest rate on loans in national currency increased by 0.2 pp to 14.9%, the interest rate on loans issued in foreign currency declined by 0.1 pp to 9.2%, - the NBG review reads.
