Unlike deposits, which overall larization rate is 34 percent, the lariztion rate of the total loan portfolio reaches 45 percent due to the lending threshold of 200000 GEL, below which lending in dollars and any other foreign currency is prohibited.
A volume of loans denominated in the national currency increased by 2.9 bln to GEL 17.3bln in one year, while foreign currency loans increased by GEL 17.5bln to GEL 21.5bln.
In the reporting period, the volume of overdue loans increased by 46% from GEL 365 million to GEL 533 million. If a year ago the volume of overdue loans made 1.13% of the portfolio, now it increased to 1.37%. Despite the increase, the situation can’t be considered alarming. The National Bank obliges commercial banks to reserve 2% of loans that is 1.46 times higher than the current rate for interest on overdue payment.