Georgian commercial banks up lending
Georgia, Tbilisi, Aug. 30 / Trend N. Kirtzkhalia /
The amount of credit investments of Georgian commercial banks in July 2012 increased by 1.5 percent compared to the previous month, that is, by 124.4 million lari and exceeded 8.4 billion lari by August 1.
The Georgian National Bank told Trend that the amount of loans given in the national currency during this period increased by 31.6 million lari (1.2 percent) and by 92.7 million lari (1.6 percent) in foreign currency.
The commercial banks provided resident legal entities with the loans in the national currency worth 952.9 million lari (by 1.2 percent or 11.2 million lari less than in the previous year), and in foreign currency - 3.7 billion (by 1.2 percent or 44.6 million lari more) by late July.
The largest share - 46.6 per cent in the full lending amount fall to the sphere of trade. The amount of lending in this sphere rose by 0.4 per cent, or 8.7 million lari and hit 2.2 billion lari compared to June 2012.
The share of loans given for the industrial sector accounted for 22.3 per cent of the total amount. The figure hits 1.049.7 billion lari (by 3.1 per cent or 31.5 million lari more compared to June), 9.3 per cent of the total amount falls to the construction, which equals 439.4 million (by 5.3 per cent, or 24.7 million lari less). Around 78.2 per cent of the total amount of lending fall to these three spheres.
The amount of lending to physical entities increased by 2.0 percent or 69.1 million lari and made up 3.5 billion in July.
The official exchange rate is 1.654.9 lari/$ on Aug. 30.