The volume of lending by commercial banks (including loans to non-residents) in May, 2011, compared to the previous month, increased by 150.0 million GEL (2.4 percent) and constituted 6.5 billion GEL by June 1, 2011. The volume of loans provided in the national currency increased by 55.9 million GEL (3.2 percent), while the volume of loans in a foreign currency increased by 94.1 million GEL (2.0 percent).

By the end of May 2011, commercial banks issued to resident legal entities 635.7 million GEL worth of national currency-denominated loans (2.2 percent or 14.3 million GEL less compared to previous month) and 3.0 billion GEL worth of loans in a foreign currency (1.2 percent or 34.6 million GEL more).

Out of the total volume of lending to legal entities, the biggest share falls on trade – 50.9 percent. Compared with the April 2011, in May the volume of loans provided for trade increased by 0.4 percent or 7.1 million GEL and reached 1.9 billion GEL.

Share of loans provided to the industrial sector constituted 20.7 percent of all loans to legal entities and amounted to 759.2 million GEL by June 1, 2011 (1.8 percent or 13.7 million GEL less compared to the previous month). 10.7 percent fall on construction, amounting to 392.6 million GEL (2.4 percent or 9.1 million GEL more, respectively). Therefore, 82.4 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 5.2 percent or 125.0 million GEL, during the May 2011, and exceeded 2.5 billion GEL by June 1, 2011.


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