The FINANCIAL -- The volume of lending by commercial banks (including loans to non-residents; excluding Credo Bank) in December 2017 increased by 133.7 million GEL or by 0.6 percent compared to the previous month (exchange rate effect excluded volume of lending increased by 3.5 percent) and constituted 21.7 billion GEL by January 1, 2018.
The volume of loans in the national currency increased by 319.0 million GEL (3.6 percent) and the volume of loans in foreign currencies increased by 185.3 million GEL or by 1.4 percent in the same period (as a result of operations, or exchange rate effect excluded, above mentioned indicator increased by 3.4 percent).
By the end of December 2017, commercial banks issued 2.5 billion GEL worth of national currency-denominated loans (2.4 percent more compared to the previous month), and 7.1 billion GEL worth of foreign currency denominated loans (1.3 percent more) to resident legal entities (exchange rate effect excluded volume of lending in the foreign currency increased by 6.1 percent).
During December 2017, the volume of lending to resident individuals increased by 0.4 percent or 47.1 million GEL, and constituted 11.2 billion GEL by January 1, 2018, according to NBG.
Larization ratio for total loans constituted 41.91 percent by January 1, 2018. Compared to December 1, 2017 exchange rate effect excluded larization ratio increased by 0.06 percentage point.