BAKU, Azerbaijan, Jan. 26
By Maryana Akhmedova – Trend:
The amount of net loans issued by Georgia’s commercial banks in December 2021 totaled 41 billion Georgian lari ($13.3 billion), Trend reports via statistical data of the National Bank of Georgia (NBG).
According to the NBG, the current figure increased by 4 percent, compared to 39.4 billion Georgian lari ($12.8 billion) in November 2021.
Georgian commercial banks’ net loans in December 2021 also increased by 14.8 percent, compared to 35.7 billion Georgian lari ($11.6 billion) over the same period of 2020, the report said.
Meanwhile, the volume of loans to the non-financial sector and households issued by Georgia’s commercial banks in December 2021 increased by 12.5 percent, compared to 38.2 billion Georgian lari ($12.4 billion) over the same month of 2020, and by 3.8 percent, compared to 41.4 billion Georgian lari ($13.4 billion) in November 2021, and amounted to 43 billion Georgian lari ($14 billion).
Loan loss reserves of Georgia’s commercial banks in the reporting period of 2021 increased by 5.2 percent, compared to 1.9 billion Georgian lari ($618.8 million) in November 2021, and totaled 2 billion Georgian lari ($651.4 million), the NBG said.
However, the current figure decreased by 16.6 percent, compared to 2.4 billion Georgian lari ($781.7 million) in December 2020.
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