NBG DOES NOT EXCLUDE USE OF ADDITIONAL INSTRUMENTS IN CASE OF CONTINUED HIGH CREDIT GROWTH

National Bank of Georgia (NBG) indicated that despite the tightened monetary policy, credit activity in the country has remained at a high level throughout the year.

This is a result of acceleration, on the one hand, of consumer lending and, on the other hand, of lending in foreign currency, NBG explained, noting that the measures, taken in this direction in the recent period, should affect the lending growth rate gradually.