The FINANCIAL -- The volume of lending by commercial banks (including loans to non-residents) in May 2018 increased by 239.6 million GEL or by 1.1 percent compared to the previous month (exchange rate effect excluded volume of lending increased by 0.8 percent) and constituted 22.9 billion GEL by June 1, 2018.
The volume of loans in the national currency increased by 150.3 million GEL (1.5 percent) and the volume of loans in foreign currencies increased by 89.3 million GEL or by 0.7 percent in the same period (as a result of operations, or exchange rate effect excluded, above mentioned indicator increased by 0.3 percent), according to NBG.
By the end of May 2018, commercial banks issued 2.6 billion GEL worth of national currency-denominated loans (1.0 percent more compared to the previous month), and 7.0 billion GEL worth of foreign currency denominated loans (0.6 percent less) to resident legal entities (exchange rate effect excluded volume of lending in the foreign currency decreased by 1.0 percent).
During May 2018, the volume of lending to resident individuals increased by 1.6 percent or 192.5 million GEL, and exceeded 12.3 billion GEL by June 1, 2018.
Larization ratio for total loans constituted 44.92 percent by June 1, 2018 and increased by 0.19 percentage point (exchange rate effect excluded increased by 0.29 percentage point), compared to May 1, 2018.