The volume of loans issued by commercial banks (excluding interbank loans) in October 2023 increased by 953.05 million GEL or by 1.94% compared to the previous month (exchange rate effect excluded, increased by 1.55%) and constituted 50.12 billion GEL by the end of October 2023. The volume of loans in national currency increased by 431.98 million GEL (1.60%) and the volume of loans in foreign currency increased by 521.07 million GEL or by 2.36% in the same period (exchange rate effect excluded, increased by 1.49%).
By the end of October 2023, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 8.21 billion GEL (2.51% more compared to the previous month), and foreign currency denominated loans constituted 14.04 billion GEL (1.43% more; exchange rate effect excluded volume of lending in foreign currency increased by 0.57%).
During October 2023, the volume of lending to resident household sector increased by 1.06% or 275.01 million GEL, and constituted 26.12 billion GEL by the end of October 2023.
Larization ratio for total loans constituted 54.82% by the end of October 2023 and decreased by 0.18 percentage point (exchange rate effect excluded, increased by 0.03 percentage point), compared to the end of September 2023.
