The volume of lending by commercial banks (including loans to non-residents) in April, 2011, compared to the previous month, increased by 3.0 million GEL (0.05 percent) and constituted 6.4 billion GEL by May 1, 2011. The volume of loans provided in the national currency increased by 67.1 million GEL (4.0 percent), while the volume of loans in a foreign currency decreased by 64.1 million GEL (1.4 percent).

By the end of April 2011, commercial banks issued to resident legal entities 649.9 million GEL worth of national currency-denominated loans (1.1 percent or 7.0 million GEL more compared to previous month) and 3.0 billion GEL worth of loans in a foreign currency (0.9 percent or 27.6 million GEL less, respectively).

Out of the total volume of lending to legal entities, the biggest share falls on trade – 51.0 percent. Compared with the March 2011, in April the volume of loans provided for trade decreased by 1.5 percent or 29.2 million GEL and constituted 1.9 billion GEL.

Share of loans provided to the industrial sector constituted 21.2 percent of all loans to legal entities and amounted to 772.8 million GEL by May 1, 2011 (2.2 percent or 16.8 million GEL more compared to the previous month). 10.5 percent fall on construction, amounting to 383.5 million GEL (1.0 percent or 4.1 million GEL less, respectively). Therefore, 82.8 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 2.2 percent or 52.8 million GEL, during the April 2011, and constituted 2.4 billion GEL by May 1, 2011.


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