Current condition of commercial banks’ loan portfolio

Current condition of commercial banks’ loan portfolio

30 August, 2012

The volume of lending by commercial banks (including loans to non-residents) in July, 2012, compared to the previous month, increased by 124.4 million GEL (1.5 percent) and exceeded 8.4 billion GEL by August 1, 2012. The volume of loans provided in the national currency increased by 31.6 million GEL (1.2 percent) and the volume of loans in a foreign currency increased by 92.7 million GEL (1.6 percent).

By the end of July 2012, commercial banks issued to resident legal entities 952.9 million GEL worth of national currency-denominated loans (1.2 percent or 11.2 million GEL less compared to the previous month) and 3.7 billion GEL worth of loans in a foreign currency (1.2 percent or 44.6 million GEL more, respectively).

Out of the total volume of lending to legal entities, the biggest share falls on trade - 46.6 percent. Compared with the previous month, in July, 2012 the volume of loans provided for trade increased by 0.4 percent or 8.7 million GEL and constituted 2.2 billion GEL.

Share of loans provided to the industrial sector constituted 22.3 percent of all loans to legal entities and amounted to 1049.7 million GEL by August 1, 2012 (3.1 percent or 31.5 million GEL more compared to the previous month). 9.3 percent fall on construction, amounting to 439.4 million GEL (5.3 percent or 24.7 million GEL less, respectively). Therefore, 78.2 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 2.0 percent or 69.1 million GEL, during the July 2012, and constituted 3.5 billion GEL by August 1, 2012.

 

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