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NBG: Loan issuance rose 1.17% in October

by Mariam Razmadze
November 27, 2024
in Business & Economy
Reading Time: 1 min read
NBG: Loan issuance rose 1.17% in October

Photo: Getty Images.

The National Bank of Georgia (NBG) published a report regarding resident commercial banks’ loan portfolios for October 2024.

Loan Growth Overview:

  • Total loans: 60.06 billion GEL (692.03 million GEL increase or +1.3% adjusted for exchange rate effects).
  • National currency loans: 768.59 million GEL increase (+2.31%).
  • Foreign currency loans: 76.56 million GEL decrease,

Primary sectors:

  • Resident legal entities:
    • National currency loans: increased by 10.38 billion GEL (+3.53%).
    • Foreign currency loans: +0.46% (adjusted to exchange rate).
  • Resident households:
    • Total loans: 30.85 billion GEL increase ( +1.25%).

Notably, larization ratio reached 56.73% (+0.633).

 

Tags: Loan portfoliosNBG
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