Georgia's commercial banks' loan investments hit 5.5 billion lari
Georgia, Tbilisi, June 3 / Trend N. Kirtskhalia /
As of early May volume of loan investments of commercial banks (including loans given to non-residents) increased 283.8 million lari (5.4 percent) by hitting 5.5 billion lari ($1 - 1.66 lari) in annual calculation, the national bank of Georgia said.
Growth of loan investments was stipulated by increase of loans in foreign currency. Volume of loans given in national currency reduced 26.1 percent or 1.3 billion lari. But loans denominated in foreign currency increased 21.8 percent or 4.2 billion lari.
Commercial banks gave loans to legal entities-residents by late April of 2009. Loans were given in foreign currency in the amount of 497.6 million lari (46.2 percent less compared to the same period of 2008). But loans in foreign currency were given in the amount of 2.5 billion lari or 15.4 percent more than in the same period of 2008.
Share of loans for industry in total volume of urgent loans granted by legal entities hit 20.1 percent or 609.4 million lari (compared to 1.6 percent more than in the same period of 2008). Roughly 12.5 percent or 377.7 million lari fell on construction (9.5 percent less). So, roughly 79.3 percent of total volume of loaning of legal entities fell on three branches - industry, construction and trade.
Volume of physical entities' loaning increased 13.6 percent per year.
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