In March, overdue loans increased by GEL 25.6 million compared to the previous month and amounted to GEL 470.5 million. 41.6% of overdue loans are denominated in national currency- the National Bank’s monthly review reads.
According to the central bank, in May excluding the effect of the exchange rate, loans increased by 12.8% annually. The loan growth rate slowed by 0.4 pp compared to the previous month.
In May, lending in GEL increased by 15.2% annually to GEL 25.3 billion and contributed 7.7 pp to the total loans growth.
In March this year, weighted average interest rates on loans decreased by 0.1 percentage points compared to last month and were set at 14.0%. The weighted average annual interest rate on loans in the national currency decreased by 0.1 percentage points to 16.6%, the interest rate on loans in foreign currency increased by 1,3 percentage points to 9.1%.
