The FINANCIAL -- The volume of lending by commercial banks (including loans to non-residents) in January 2018 increased by 103.0 million GEL or by 0.5 percent compared to the previous month (exchange rate effect excluded volume of lending increased by 2.6 percent) and constituted 21.9 billion GEL by February 1, 2018.
The volume of loans in the national currency increased by 426.6 million GEL (4.7 percent) and the volume of loans in foreign currencies decreased by 323.6 million GEL or by 2.6 percent in the same period (as a result of operations, or exchange rate effect excluded, above mentioned indicator increased by 1.1 percent).
By the end of January 2018, commercial banks issued 2.5 billion GEL worth of national currency-denominated loans (0.7 percent less compared to the previous month), and 6.9 billion GEL worth of foreign currency denominated loans (3.0 percent less) to resident legal entities (exchange rate effect excluded volume of lending in the foreign currency increased by 0.7 percent).
During January 2018, the volume of lending to resident individuals increased by 3.0 percent or 341.2 million GEL, and constituted 11.6 billion GEL by February 1, 2018, according to NBG.
Larization ratio for total loans constituted 43.66 percent by February 1, 2018 and increased by 1.75 percentage point (exchange rate effect excluded by 0.84 percentage point), compared to January 1, 2018.