Georgian commercial banks' credit investments exceeds 5mln lari

Business Materials 3 March 2010 15:24 (UTC +04:00)

Georgia, Tbilisi, March 3 / Trend N.Kirtzkhalia /

As of Feb.1, 2010, the volume of credit investments in commercial banks rose by 1.1 percent to $ 5.2 billion lari compared to the previous month, (1.73 lari is $1), the National Bank of Georgia reported.

The volume of loans issued in national currency increased by 0.2 percent, that is 2.2 million lari, and in foreign currency - by 1.3 percent that is 53.4 million lari.

As of late January, the commercial banks granted loans worth 548.7 million lari in national currency and in foreign currency - 2.4 billion lari to residents - legal entities.

In total corporate lending largest share (45.8 per cent) fells to the trade sector The volume of loans granted to trade sphere fell by 0.4 percent, or six million lari compared to early 2010, but the total figure remained unchanged at 1.4 billion lari.

The share of loans for the industrial sector in the total amount of loans is 22.1 percent, equivalent to 656.2 million lari. Some 11.7 percent was fells to the construction, which is 348 million lari. Accordingly, 79.6 percent of total loans fells to these three industries.

In January 2010, lending to individuals increased by 0.8 percent, or 15.7 million lari and reached 2bln lari as of Feb.1

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