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Credit Portfolio of Commercial Banks Grows in June

Credit Portfolio of Commercial Banks Grows in June

In June 2016 the crediting portfolio of commercial banks (including loans issued to nonresident entities) has increased by 1.2 billion GEL (+7.8 month on month).

The exchange rate growth without effect made up 2% month on month, according to the statistics by the National Bank of Georgia (NBG).

The credit portfolio volume made up 16.4 billion GEL as of July 1, 2016. The GEL denominated loans portfolio rose by 69.3 million GEL (+1.2 month on month), while foreign currency denominated loans increased by 1.1 billion GEL (+11.6% month on month).

Without exchange rate effect – 2.4% month on month.

The GEL-denominated corporate loans portfolio increased by 1.7 billion GEL (+7.3%  month on month), while foreign currency denominated corporate loans portfolio grew by 5.9 billion GEL (+18.3% month on month).

The exchange rate growth without effect made up 8.6% month on month.

The retail loans portfolio rose by 507.9 million GEL (+6.7% month on month) to 8.1 billion GEL.

Larization coefficient in total loans marked 34.5%.