NPLs at 3.0% in March 2019 
In March 2019, the banking sector loan portfolio increased 13.7% y/y after growing 15.3% y/y in previous month, excluding the exchange rate effect. In unadjusted terms, loan portfolio was up 20.6% y/y and up 1.2% m/m to GEL 26.8bn (US$ 9.9bn). Deposits were up 10.2% y/y excluding the exchange rate effect. In unadjusted terms, deposits were up 17.9% y/y and up 1.0% m/m to GEL 23.1bn (US$ 8.6bn). Deposit dollarization declined to 62.0% (-0.76ppts y/y and -0.28ppts m/m) and loan dollarization stood at 56.3% (+1.32ppts y/y and -0.43ppts m/m). NPLs stood at 3.0% in March 2019 (+0.6ppts y/y and +0.1ppts m/m).