The FINANCIAL -- The volume of lending by commercial banks (including loans to non-residents) in February 2018 increased by 49.8 million GEL or by 0.2 percent compared to the previous month (exchange rate effect excluded volume of lending increased by 0.6 percent) and exceeded 21.9 billion GEL by March 1, 2018.
The volume of loans in the national currency increased by 142.2 million GEL (1.5 percent) and the volume of loans in foreign currencies decreased by 92.3 million GEL or by 0.7 percent in the same period (as a result of operations, or exchange rate effect excluded, above mentioned indicator decreased by 0.1 percent).
By the end of February 2018, commercial banks issued 2.5 billion GEL worth of national currency-denominated loans (1.6 percent more compared to the previous month), and 6.8 billion GEL worth of foreign currency denominated loans (0.9 percent less) to resident legal entities (exchange rate effect excluded volume of lending in the foreign currency decreased by 0.2 percent).
During February 2018, the volume of lending to resident individuals increased by 1.0 percent or 117.2 million GEL, and reached 11.7 billion GEL by March 1, 2018, according to NBG.
Larization ratio for total loans constituted 44.21 percent by March 1, 2018 and increased by 0.55 percentage point (exchange rate effect excluded by 0.38 percentage point), compared to February 1, 2018.