The volume of loans issued by commercial banks (excluding interbank loans) in January 2023 decreased by 317.70 million GEL or by 0.71% compared to the previous month (exchange rate effect excluded, decreased by 0.08%) and constituted 44.47 billion GEL by the end of January 2023. The volume of loans in national currency decreased by 189.93 million GEL (0.77%) and the volume of loans in foreign currency decreased by 127.77 million GEL or by 0.63% in the same period (exchange rate effect excluded, increased by 0.76%).

By the end of January 2023, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 7.37 billion GEL (3.07% less compared to the previous month), and foreign currency denominated loans constituted 12.37 billion GEL (1.73% less; exchange rate effect excluded volume of lending in foreign currency decreased by 0.35%).

During January 2023, the volume of lending to resident household sector increased by 0.55% or 130.95 million GEL, and constituted 23.79 billion GEL by the end of January 2023.

Larization ratio for total loans constituted 55.01% by the end of January 2023 and decreased by 0.03 percentage point (exchange rate effect excluded, decreased by 0.38 percentage point), compared to the end of December 2022.