The volume of loans issued by commercial banks (excluding interbank loans) in December 2020 increased by 858.68 million GEL or by 2.30% compared to the previous month (exchange rate effect excluded, increased by 2.23%) and constituted 38.22 billion GEL by January 1, 2021. The volume of loans in national currency increased by 676.90 million GEL (4.16%) and the volume of loans in foreign currency increased by 181.77 million GEL or by 0.86% in the same period (exchange rate effect excluded, increased by 0.74%).
By the end of December 2020, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 5.42 billion GEL (6.90% more compared to the previous month), and foreign currency denominated loans constituted 13.20 billion GEL (1.70% more; exchange rate effect excluded volume of lending in foreign currency increased by 1.58%).
During December 2020, the volume of lending to resident household sector increased by 1.51% or 279.75 million GEL, and constituted 18.75 billion GEL by January 1, 2021.
Larization ratio for total loans constituted 44.32 percent by January 1, 2021 and increased by 0.79 percentage point (exchange rate effect excluded, increased by 0.82 percentage point), compared to December 1, 2020.