Credit investments of Georgian commercial banks declines
Dec 01, 2012 (Menafn - Trend News Agency - McClatchy-Tribune Information Services via COMTEX) --TBILISI, Georgia -- Credit investments of commercial banks (including loans to non-residents) in October decreased by 0.1 percent, or 7.6 million lari ( 1 = 1.66 lari) compared to the previous month, and amounted to 8, 6 billion lari as of November 1.
According to the National Bank of Georgia, the volume of loans granted during the period in local currency increased by 2 million lari (0.1 percent), and in foreign currency -- by 9.6 million (0.2 percent).
The commercial banks provided resident legal entities with the loans in the national currency to the amount of 871.4 million lari by late October 2012 (3.4 percent or 31.9 million lari less than in the previous month), in foreign currency -- 3.8 billion lari (0.5 percent or 18.5 million lari less).
The largest share in the crediting of legal entities -- 47.6 percent falls to trade. The volume of loans given in this sector increased by 1.9 percent (40.6 million lari), amounting to 2.2 billion lari compared to September 2012.
The share of loans given in industry is 20.7 percent, which is equal to 971.2 million lari (2.3 percent or 22.6 million lari more), 8.8 percent fall to construction, which is equal to 412.9 million lari (by 7.8 percent or 35 million lari less).
Accordingly, around 77.1 percent of total lending fall to these three spheres.
The lending volume to physical entities decreased by 0.7 percent (23.7 million lari) and hit 3.5 billion lari as of November 1, 2012.
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Tags: National Bank of Georgia, Georgia
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