The FINANCIAL -- The volume of lending by commercial banks (including loans to non-residents) in September 2018 increased by 607.6 million GEL or by 2.5 percent compared to the previous month (exchange rate effect excluded volume of lending increased by 1.8 percent) and constituted 24.8 billion GEL by October 1, 2018.
The volume of loans in the national currency increased by 190.7 million GEL (1.8 percent) and the volume of loans in foreign currencies increased by 416.9 million GEL or by 3.1 percent in the same period (as a result of operations, or exchange rate effect excluded, above mentioned indicator increased by 1.7 percent).
By the end of September 2018, the total volume of national currency denominated loans issued by commercial banks amounted to 3.3 billion GEL (9.9 percent more compared to the previous month), and foreign currency denominated loans to resident legal entities constituted 7.6 billion GEL (3.1 percent more; exchange rate effect excluded volume of lending in the foreign currency increased by 1.8 percent).
During September 2018, the volume of lending to resident individuals increased by 1.6 percent or 207.4 million GEL, and constituted 13.3 billion GEL by October 1, 2018.
Larization ratio for total loans constituted 44.02 percent by October 1, 2018 and decreased by 0.32 percentage point (exchange rate effect excluded increased by 0.01 percentage point), compared to September 1, 2018.