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Larization Decreased Banks’ Credit Portfolio

Larization Decreased Banks’ Credit Portfolio

81% of banks’ landing accounts for 5 banks.

Portfolio has been declined to all banks in February, including TOP-5. However, merely demand decline is not the sole reason. The volume of loans has been corrected by -20 point converting. As known, $75 million is converted in GEL through 2 month program and the figure has made up 188 million instead of 173 million GEL.

TOP-5

01.02.2017●01.03.2017 (billion GEL)

 1 Bank of Georgia  6,142●  6,263
 2 TBC Bank  5,822●  5,974
 3 Bank Republic  1,456●  1,492
 4  VTB Bank  0,902●  0,951
 5  Bank Cartu  0,866●  0,900

Source: Commercial Banks