Georgian commercial banks' loan investments up by 69 million lari
Georgia, Tbilisi, Oct. 1 / Trend N.Kirtzkhalia /
The volume of lending by the Georgian commercial banks (including loans to non-residents) increased by 1.2 percent compared to the previous month and exceeded 5.9 billion lari by Sept.1, 2010, the National Bank of Georgia reported.
The volume of loans provided in the national currency increased by 41.8 million lari (2.7 percent), while the volume of loans in foreign currency increased by 27.5 million lari (0.6 percent).
The commercial banks issued to resident legal entities 681.4 million lari worth of national currency-denominated loans (2.3 percent or 15.5 million lari more compared to previous month) and 2.7 billion lari worth of loans in foreign currency (0.1 percent or 2.8 million GEL more, respectively).
Out of the total volume of lending to legal entities, the biggest share falls on trade - 48.6 percent. Compared to the previous month the volume of loans provided for trade increased by 1.0 percent or 16.5 million lari and exceeded 1.6 billion lari.
Share of loans provided to the industrial sector constituted 21.2 percent of all loans to legal entities and amounted to 710.8 million lari by Sept. 1, 2010 (0.5 percent or 3.8 million lari increased compared to the previous month). 11.1 percent fall on construction, amounting to 372.2 million lari (0.8 percent or 2.9 million lari increased, respectively). Thus, 80.9 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 1.2 percent or 25.8 million lari, during the past month, and exceeded 2.2 billion lari by Sept.1, 2010
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