Volume of lending by commercial banks equals to 5.2 billion Lari

Volume of lending by commercial banks equals to 5.2 billion Lari

30 November, 2009

The volume of lending by commercial banks (including loans to non-residents) did not change compared to the previous month and constituted 5.2 billion GEL by November 1, 2009.

By the end of October 2009 commercial banks issued to resident legal entities 518.0 million GEL worth of national currency-denominated loans (7.1 percent or 34.1 million more than in the previous month) and 2.4 billion GEL worth of loans in foreign currency (0.2 percent or 5.6 million less than in the previous month).

Out of the total volume of lending to legal entities, the biggest share falls on trade – 45.9 percent. Compared to the previous month the volume of loans provided for trade decreased by 0.2 percent and amounted to 1.3 billion GEL.

Share of loans provided to the industrial sector constituted 21.1 percent of all loans to legal entities and amounted to 617.1 million GEL by November 1, 2009 (2.7 percent increase compared to the previous month). 11.4 percent fall on construction, amounting to 332.5 million GEL
(6.8 increase respectively). Thus, 78.4 percent of the total volume of lending to legal entities falls only on three sectors – industry, construction and trade.

The volume of lending to individuals decreased by 2.1 percent, during the past month, and amounted to 2.0 billion GEL by November 1, 2009.

 


Current statistical information is published on the statistics page of the NBG’s website.