Georgian commercial banks’ credit investments increase by over $2 mn

Business Materials 28 December 2012 17:48 (UTC +04:00)

Georgia, Tbilisi, Dec. 28 / Trend, N. Kirtzkhalia /

The Georgian commercial banks' credit investments rose by 0.05 percent or by 4 million lari (around $ 2.41 million, $ 1 = 1.66 lari) in November compared to October. As of December 1, they hit 8.6 billion lari.

The National Bank told Trend that the amount of loans in local currency increased by 15.1 million lari (0.6 percent), and in foreign currency - fell by 11.1 million lari (0.2 percent) within the specified period.

The commercial banks provided legal entities-residents with loans in local currency worth 867.2 million lari (by 0.5 percent, or 4.2 million lari less than in October), and in foreign currency - 3.8 billion lari (by 0.2 percent, or 8.5 million lari more) in November. The largest share - 47.9 percent falls to trade in a total volume of corporate lending. The amount of loans in this sector increased by 0.4 percent (or 18.4 million lari) and exceeded 2.2 billion compared to October.

The share of loans in the industrial sphere hit 20.7 percent or 970.3 million lari (by 0.1 percent or 0.9 million lari less compared to October). Some 8.5 percent fall to the construction, which is 398.9 million lari (by 3.4 percent or 14 million lari less). Lending of physical entities increased by 0.6 percent (or 19.8 million lari) in November 2012. This exceeded the amount of 3.5 billion lari.