Georgian banks issue less loans
Georgia, Tbilisi, Sept. 3 / Trend , N.Kirtzkhalia/
The volume of commercial banks' credit investments (including loans to non-residents) has dropped 26.9 million lari (0.5 percent) compared to July 1 2009, and was 5.3 billion lari on August 1.
The National Bank of Georgia reported the volume of loans in the national currency decreased by 16.4 million lari (1.3 percent), amounting to 1.2 billion lari, and denominated loans in foreign currency decreased by 10.5 million lari (0.3 percent) and were 4.1 billion lari.
In late July 2009, commercial banks issued 482.9 million lari in national currency (0.1-percent or 254,900 lari less, compared to the figures for July) to resident-enterprises, and issued 2 5 million lari in foreign currency (a 0.4-percent or 9.5-million lari less compared to July).
In total, for loans to enterprises, a lion's share - 45.5 percent - is to the trade sector. Compared to last month, the volume of trade loans issued fell by 0.9 percent and amounted to 1.4 billion lari.
In early August, in the total volume of loans given to enterprises, 20.9 percent, amounting to 623.2 million lari (a 0.6-percent lower than in July), was issued to industry, and 12 percent, or 358, 9 million, went to construction (a 1.2-percent rise). 78.5 percent of total corporate lending accounts for three industries, including trade, industry and construction.
In July, loans to individuals dropped 0.8 percent and amounted to 2.1 billion lari by Aug. 1.