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The Volume of Loans by Commercial Banks Reached 14 884.8 mln. GEL

In June 2015, the volume of loans to the economy (excluding interbank loans) recorded 14 884.8 mln. GEL, which exceeds by 32.6 % the corresponding indicator in June 2014.

The volume of the loans denominated in national currency increased by 21.5 %. The volume of the loans denominated in foreign currency in USD increased by 10.2 %, while in GEL – by 40.0 %. This difference is due to the fluctuation of the foreign exchange rate.

In June 2015, the average interest rate on the loans denominated in foreign currency is 11.5 %, which is the same as the indicator of June 2014. In this period, the average interest rate on the loans denominated in national currency declined (-0.8 % point) and recorded 18.4 %.

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Article by PMCG