Georgian banks provide more than 5bn lari loans for economic development
Georgia, Tbilisi, January 4 / Trend , N.Kirtzkhalia /
As of Dec. 1, 2009, the amount of credit investments by the commercial banks, including loans by non-residents, in Georgia almost remained unchanged at 5.2 billion lari ($1 = 1.68 lari) compared to the previous month.
A source at the National Bank of Georgia told Trend that by the end of Nov. 2009, the commercial banks provided 508.4 million lari loans in national currency to legal entities, which is 1.9% or 86 million lari less, and in foreign currency - 2.4 billion lari - 0.5% or 11.5 million lari less.
The largest share of the total fixed-term loans granted to legal entities - 46.2% fell on trade. Compared with October, the amount of loans provided in December remained unchanged at 1.3 billion lari.
The loans to industry made up 22.0%. In December 2009 the figure was 639.5 million lari, or 3.6% more as compared to the previous month. 10.7% fell on construction, which is 310.8 million lari, or 6.5% less. Thus, 78.9% of total corporate loans falls on three spheres - trade, industry and construction.
During the reported period, the loans to individuals decreased by 1.3% and in December 2009 this figure amounted to 2.0 billion lari.