The volume of lending by commercial banks (including loans to non-residents) in December 2013 increased by 603.5 million GEL (6.1 percent) compared to the previous month, constituting 10.5 billion GEL by January 1, 2014. The volume of loans provided in the national currency increased by 268.2 million GEL (7.3 percent) and the volume of loans in foreign currencies increased by 335.3 million GEL (5.4 percent).

By the end of December 2013, commercial banks issued 1.1 billion GEL worth of national currency-denominated loans (9.1 percent, or 92.0 million GEL, more than in the previous month) to resident legal entities and 4.3 billion GEL worth of loans in foreign currencies (7.2 percent, or 287.7 million GEL, more than the previous month).

Of the total volume of lending to legal entities, the biggest share falls on trade - 45.2 percent. Compared with the previous month, in December 2013 the volume of loans provided for trade decreased by 6.0 percent, or 138.3 million GEL, and constituted 2.4 billion GEL.

The share of loans provided to the industrial sector constituted 17.4 percent of all loans to legal entities, amounting to 942.3 million GEL by January 1, 2014 (9.1 percent, or 78.7 million GEL, more than in December 1, 2013); 8.1 percent falls on construction, amounting to 435.5 million GEL (an increase of 9.6 percent, or 38.1 million GEL). Therefore, 70.7 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 4.9 percent, or 220.9 million GEL, during December 2013 and exceeded 4.7 billion GEL by January 1, 2014.

 

 

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