NPLs at 3.1% in January 2016
In January 2016, the loan portfolio grew 5.0% y/y excluding the exchange rate effect (+18.1% y/y and +1.1% m/m in unadjusted terms), to GEL 16.2bn (US$ 6.5bn). Deposits grew 8.1% y/y excluding the exchange rate effect (+22.3% y/y and +1.4% m/m in unadjusted terms), reaching GEL 14.5bn (US$ 5.9bn). NPLs remain under control at 3.1% in January 2016, down 0.1ppts y/y and up 0.4ppts m/m.