In December, overdue loans decreased by GEL 102.5 million compared to the previous month and amounted to GEL 391.0 million. 44.6% of overdue loans are denominated in national currency- the National Bank’s monthly review reads.
According to the central bank, in December excluding the effect of the exchange rate, loans increased by 17.1% annually. The loan growth rate slowed by 0.9 pp compared to the previous month.
In December, lending in GEL increased by 17% annually to GEL 28.8 billion and contributed 9.3 pp to the total loans growth.
In December this year, weighted average interest rates on loans decreased by 0.8 percentage points compared to last month and were set at 12.9%. The weighted average annual interest rate on loans in the national currency decreased by 0.8 percentage points to 15.3%, the interest rate on loans in foreign currency increased by 0.4 percentage points to 9.0%.
