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NBG

Loans Larization Coefficient Rose to 44.9%

Crediting volume of commercial banks (including loans issued to nonresidents) rose by 239.6 million GEL in May compared to April (+1.1%) and constituted 22.9 billion GEL as of June 1, 2018.

According to National Bank of Georgia (NBG), in the same period volume of GEL-denominated loans rose by 89.3 million GEL (+0.7%).

By the end of May 2018 commercial banks had issued 2.6 billion GEL (+1% month on month) and foreign currency denominated loans of 7 billion GEL (+0.6% month on month) to resident legal entities.

Crediting volume of resident physical bodies rose by 192.5 million GEL (+1.6%) and exceeded 12.3 billion GEL as of June 1.

Larization coefficient of total loans made up 44.92% as of June 1, up 0.19% compared to the May 1 indicator.