The volume of lending by commercial banks (including loans to non-residents) in August, 2011, compared to the previous month, increased by 142.1 million GEL (2.0 percent) and exceeded 7.1 billion GEL by September 1, 2011. The volume of loans provided in the national currency increased by 128.8 million GEL (6.5 percent), while the volume of loans in a foreign currency increased by 13.3 million GEL (0.3 percent).

By the end of August 2011, commercial banks issued to resident legal entities 739.2 million GEL worth of national currency-denominated loans (9.8 percent or 65.9 million GEL more compared to the previous month) and 3.3 billion GEL worth of loans in a foreign currency (0.1 percent or 3.8 million GEL less, respectively).

Out of the total volume of lending to legal entities, the biggest share falls on trade – 49.9 percent. Compared with the previous month, in August the volume of loans provided for trade decreased by 0.9 percent or 18.5 million GEL and constituted 2.0 billion GEL.

Share of loans provided to the industrial sector constituted 19.6 percent of all loans to legal entities and amounted to 787.2 million GEL by September 1, 2011 (1.9 percent or 14.7 million GEL more compared to the previous month). 11.5 percent fall on construction, amounting to 462.2 million GEL (3.1 percent or 14.0 million GEL more, respectively). Therefore, 81.0 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 3.1 percent or 85.0 million GEL, during the August 2011, and exceeded 2.8 billion GEL by September 1, 2011.



Current statistical information is published on the statistics page of the NBG’s website: www.nbg.gov.ge.