Page 38 - GEORptAug22

8.1.2 Loans
Georgia’s loan volume up 1.2% in June
Commercial banks in Georgia loaned GEL43.65bn ($15.7bn) and received deposits of GEL38.27bn ($13.8bn) in June, according to latest data from the National Bank of Georgia.
The volume of loans grew by 1.24% m/m, while deposits increased by 3% m/m. Also in June, the sum of deposits made for a predetermined period increased by 1.42% m/m, while on-demand deposits, which allow for flexible withdrawals, grew by 4.13% m/m.
Loans taken out in Georgian lari increased by 2.06% m/m. Loans in foreign currency increased insignificantly by 0.39% m/m.
There are 14 commercial banks in Georgia, including 13 foreign-owned entities. Total assets of commercial banks in Georgia in June increased by 2.5% m/m and constituted GEL64.2bn ($23bn).
The banking sector's equity capital was GEL8.3bn ($2.82bn), equivalent to 12.9% of commercial banks' total assets.
8.1.3 Deposits
Georgia’s bank deposits grew by 3% m/m in June
Commercial banks in Georgia received deposits of GEL38.27bn ($13.8bn) in June 2022, the National Bank of Georgia (NBG) said. Deposits increased by 3% month-on-month.
Also in June, the sum of deposits made for a predetermined period increased by 1.42% m/m, while on-demand deposits, which allow for flexible withdrawals, grew by 4.13% m/m.
8.1.4 NPLs
NPL ratio for Georgia’s banks at 5% in 1Q 2022
According to National Bank of Georgia (NBG), the volume of non-performing loans (NPLs) in the country accounted for around 5% of the banking system’s loan portfolio in March 2022.
The NBG said that against the background of the crisis of 2020, the volume of
38 GEORGIA Country Report August 2022 www.intellinews.com