Georgian commercial banks’ credit investments increase in December
Tbilisi, Georgia, Jan. 29
By Nana Kirtzkhalia - Trend:
Credit investments of the Georgian commercial banks increased by 6.1 percent in December.
The volume of credit investments of Georgian commercial banks including the loans of non-residents increased by 6.1 percent or 603.5 million lari ($1 = 1.78 lari) in December 2013 compared to the previous month. As of January 1, it amounted to 10.5 billion lari, the Georgian National Bank told Trend on Monday.
The volume of loans delivered in the national currency increased by 268.2 million lari (7.3 percent) and foreign by 335.3 million lari (5.4 percent).
Loans worth 1.1 billion lari which were 91 percent or 92 million lari more than in the previous month and in foreign currency 4.3 billion lari, by 7.2 percent or 287.7 million more, were delivered to legal entities and residents in December.
The largest share which was 45.2 percent in lending to legal entities fell to trade. Lending in trade increased by six percent or 138.3 million lari and amounted to 2.4 billion lari in December.
Lending to individuals, that is residents increased by 4.9 percent, or 220.9 million lari in December 2013. As of January 1, it hit 4.7 billion lari.
Translated by NH
Edited by SM