Current condition of commercial banks’ loan portfolio

Current condition of commercial banks’ loan portfolio

25 July, 2013

The volume of lending by commercial banks (including loans to non-residents) in June, 2013, compared to the previous month, increased by 197.5 million GEL (2.2 percent) and reached 9.2 billion GEL by July 1, 2013. The volume of loans provided in the national currency increased by 78.0 million GEL (2.6 percent) and the volume of loans in a foreign currency increased by 119.5 million GEL (2.0 percent).

By the end of June 2013, commercial banks issued to resident legal entities 828.9 million GEL worth of national currency-denominated loans (2.3 percent or 18.8 million GEL more compared to the previous month) and 4.0 billion GEL worth of loans in a foreign currency (2.6 percent or 101.5 million GEL more compared to the previous month).

Out of the total volume of lending to legal entities, the biggest share falls on trade - 46.7 percent. Compared with the previous month, in June, 2013 the volume of loans provided for trade increased by 2.8 percent or 60.0 million GEL and exceeded 2.2 billion GEL.

Share of loans provided to the industrial sector constituted 19.8 percent of all loans to legal entities and amounted to 954.4 million GEL by July 1, 2013 (4.3 percent or 39.2 million GEL more compared to June 1, 2013). 9.4 percent fall on construction, amounting to 453.5 million GEL (4.4 percent or 19.1 million GEL more, respectively). Therefore, 75.9 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 1.9 percent or 72.8 million GEL, during the June 2013, and reached 4.0 billion GEL by July 1, 2013.

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