The volume of lending by commercial banks (including loans to non-residents) in May 2014 increased by 54.7 million GEL (0.5 percent) compared to the previous month, exceeding 10.8 billion GEL by June 1, 2014. The volume of loans provided in the national currency increased by 47.3 million GEL (1.1 percent) and the volume of loans in foreign currencies increased by 7.4 million GEL (0.1 percent).

By the end of May 2014, commercial banks issued 1.2 billion GEL worth of national currency-denominated loans (0.4 percent, or 4.6 million GEL, more than in the previous month) to resident legal entities and 4.2 billion GEL worth of loans in foreign currencies (1.5 percent, or 62.2 million GEL, less than the previous month).

Of the total volume of lending to legal entities, the biggest share falls on trade - 44.5 percent. Compared with the previous month, in May 2014 the volume of loans provided for trade decreased by 1.1 percent, or 27.5 million GEL, and constitutes 2.4 billion GEL.

The share of loans provided to the industrial sector constituted 17.1 percent of all loans to legal entities, amounting to 918.2 million GEL by June 1, 2014 (0.9 percent, or 8.3 million GEL, less than in May 1, 2014); 8.0 percent falls on construction, amounting to 430.4 million GEL (an increase of 0.22 percent, or 1.0 million GEL). Therefore, 69.6 percent of the total volume of lending to legal entities falls on only three sectors - industry, construction and trade.

The volume of lending to resident individuals increased by 2.1 percent, or 103.8 million GEL, during May 2014 and exceeded 5.1 billion GEL by June 1, 2014.

 

Current statistical information is published on the NBG's website:
http://www.nbg.gov.ge/index.php?m=306&lng=eng