The volume of lending by commercial banks (including loans to non-residents) in February 2014 decreased by 27.6 million GEL (0.3 percent) compared to the previous month, constituting 10.4 billion GEL by March 1, 2014. The volume of loans provided in the national currency increased by 72.0 million GEL (1.8 percent) and the volume of loans in foreign currencies decreased by 99.6 million GEL (1.5 percent).

By the end of February 2014, commercial banks issued 1.1 billion GEL worth of national currency-denominated loans (2.0 percent, or 21.7 million GEL, more than in the previous month) to resident legal entities and 4.2 billion GEL worth of loans in foreign currencies (1.7 percent, or 74.2 million GEL, less than the previous month).

Of the total volume of lending to legal entities, the biggest share falls on trade - 45.6 percent. Compared with the previous month, in February 2014 the volume of loans provided for trade decreased by 0.1 percent, or 2.0 million GEL, and constituted 2.4 billion GEL.

The share of loans provided to the industrial sector constituted 17.2 percent of all loans to legal entities, amounting to 913.4 million GEL by March 1, 2014 (2.3 percent, or 21.4 million GEL, less than in February 1, 2014); 8.0 percent falls on construction, amounting to 424.3 million GEL (a decrease of 2.1 percent, or 8.9 million GEL). Therefore, 70.8 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 0.6 percent, or 28.5 million GEL, during February 2014 and reached 4.8 billion GEL by March 1, 2014.

 

 

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