NPLs remain under control
In July 2015, the loan portfolio grew 15.0% y/y excluding the exchange rate effect (+35.4% y/y and +1.9% m/m in unadjusted terms) to GEL 15.0bn (US$ 6.6bn). Deposits grew 6.1% y/y excluding the exchange rate effect (+25.5% y/y and +1.6% m/m in unadjusted terms), reaching GEL 12.8bn (US$ 5.6bn). NPLs remain under control at 3.2%, -0.1ppts m/m and -0.3ppts y/y.