The FINANCIAL -- The volume of lending by commercial banks in December, 2011, compared to the previous month,
increased by 201.8 million GEL (2.7 percent) and exceeded 7.7 billion
GEL by January 1, 2012, according to National Bank of Georgia .
The volume of loans provided in the national currency increased by 47.4 million GEL (2.0 percent) and the volume of loans in a foreign currency increased by 154.4 million GEL (3.0 percent).
By the end of December 2011, commercial banks issued to resident legal entities 824.2 million GEL worth of national currency-denominated loans (0.2 percent or 1.5 million GEL less compared to the previous month) and 3.5 billion GEL worth of loans in a foreign currency (2.7 percent or 93.1 million GEL more, respectively).
Out of the total volume of lending to legal entities, the biggest share falls on trade – 48.5 percent. Compared with the previous month, in December the volume of loans provided for trade increased by 1.3 percent or 26.9 million GEL and reached 2.1 billion GEL.
Share of loans provided to the industrial sector constituted 20.8 percent of all loans to legal entities and amounted to 895.1 million GEL by January 1, 2012 (7.4 percent or 61.9 million GEL more compared to the previous month). 10.3 percent fall on construction, amounting to 441.9 million GEL (8.4 percent or 40.8 million GEL less, respectively). Therefore, 79.5 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 2.9 percent or 88.7 million GEL, during the December 2011, and exceeded 3.1 billion GEL by January 1, 2012.
Related Stories
