The volume of lending by commercial banks (including loans to non-residents; excluding Credo Bank) in August 2017 increased by 183.7 million GEL or by 1.0 percent compared to the previous month (exchange rate effect excluded volume of lending increased by 0.3 percent) and constituted 19.2 billion GEL by September 1, 2017.
The volume of loans in the national currency increased by 79.8 million GEL (1.0 percent) and the volume of loans in foreign currencies increased by 104.0 million GEL or by 0.9 percent in the same period (as a result of operations, or exchange rate effect excluded, above mentioned indicator decreased by 0.2 percent).
By the end of August 2017, commercial banks issued 2.2 billion GEL worth of national currency-denominated loans (2.3 percent less compared to the previous month), and 6.1 billion GEL worth of foreign currency denominated loans (1.0 percent more) to resident legal entities (exchange rate effect excluded volume of lending in the foreign currency decreased by 0.1 percent).
During August 2017 the volume of lending to resident individuals increased by 2.0 percent or 194.3 million GEL, and constituted 10.1 billion GEL by September 1, 2017. Larization ratio for total loans constituted 41.77 percent by September 1, 2017. Compared to August 1, 2017 exchange rate effect excluded larization ratio increased by 0.28 percentage point.