The volume of loans issued by commercial banks (excluding interbank loans) in March 2024 increased by 1.54 billion GEL or by 2.94% compared to the previous month (exchange rate effect excluded, increased by 2.40%) and constituted 53.78 billion GEL by the end of March 2024. The volume of loans in national currency increased by 562.23 million GEL (1.93%) and the volume of loans in foreign currency increased by 974.63 million GEL or by 4.22% in the same period (exchange rate effect excluded, increased by 2.99%).
By the end of March 2024, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 8.84 billion GEL (2.27% more compared to the previous month), and foreign currency denominated loans constituted 15.21 billion GEL (5.19% more; exchange rate effect excluded volume of lending in foreign currency increased by 3.95%).
During March 2024, the volume of lending to resident household sector increased by 2.00% or 547.91 million GEL, and constituted 27.93 billion GEL by the end of March 2024.
Larization ratio for total loans constituted 55.20% by the end of March 2024 and decreased by 0.55 percentage point (exchange rate effect excluded, decreased by 0.26 percentage point), compared to the end of February 2024.
