Current condition of commercial banks’ loan portfolio
The volume of lending by commercial banks (including loans to non-residents) increased by 2.6 percent compared to the previous month and exceeded 5.7 billion GEL by July 1, 2010. The volume of loans provided in the national currency increased by 74.0 million GEL (5.2 percent), while the volume of loans in foreign currency increased by 71.0 million GEL (1.7 percent).
By the end of June 2010 commercial banks issued to resident legal entities 699.0 million GEL worth of national currency-denominated loans (5.5 percent or 36.5 million GEL more compared to previous month) and 2.6 billion GEL worth of loans in foreign currency (1.7 percent or 44.2 million GEL more, respectively).
Out of the total volume of lending to legal entities, the biggest share falls on trade – 47.8 percent. Compared to the previous month the volume of loans provided for trade increased by 5.6 percent or 83.7 million GEL and reached 1.6 billion GEL.
Share of loans provided to the industrial sector constituted 22.1 percent of all loans to legal entities and amounted to 732.1 million GEL by July 1, 2010 (4.4 percent or 33.4 million GEL decreased compared to the previous month). 10.9 percent fall on construction, amounting to 361.3 million GEL (1.3 percent or 4.6 million GEL increase, respectively). Thus, 80.7 percent of the total volume of lending to the legal entities falls only on three sectors – industry, construction and trade.
The volume of lending to resident individuals increased by 3.6 percent or 74.4 million GEL, during the past month, and reached 2.2 billion GEL by July 1, 2010.
Current statistical information is published on the statistics page of the NBG’s website