The dollarization rate of total loan portfolio in the banking sector of Georgia makes 55%. By May 1st, the larization rate of total loans was 44,73%. In QII 2017, the volume of foreign currency loans made 57,7% of total loans.
Within the same period, in different countries of the world the portion of foreign currency loans in total loans was as follows:
Armenia – 61.9%
Moldova – 40%
Turkey – 31.2%
Ukraine – 48.6%
Russia – 27.1%
Poland – 24.1%
Estonia – 0.7%
Latvia – 19.4%
Lithuania – 19.4%
Germany – 10.4%
United Kingdom – 57.3%
Source: National Bank of Georgia; International monetary Fund.
