The FINANCIAL — The volume of lending by commercial banks (including loans to non-residents) increased by 81.6 million GEL (1.3 percent) compared to the previous month and exceeded 6.3 billion GEL by February 1, 2011.
The volume of loans provided in the national currency decreased by 7.9 million GEL (0.5 percent), while the volume of loans in a foreign currency increased by 89.5 million GEL (1.9 percent), according to NBG.
By the end of January 2011 commercial banks issued to resident legal entities 614.4 million GEL worth of national currency-denominated loans (2.8 percent or 17.6 million GEL less compared to previous month) and 3.0 billion GEL worth of loans in a foreign currency (1.3 percent or 40.2 million GEL more, respectively).
Out of the total volume of lending to legal entities, the biggest share falls on trade – 51.3 percent. Compared with the previous month, in January the volume of loans provided for trade decreased by 0.1 percent or 2.6 million GEL and constituted 1.9 billion GEL.
Share of loans provided to the industrial sector constituted 22.0 percent of all loans to legal entities and amounted to 801.0 million GEL by February 1, 2011 (3.2 percent or 24.8 million GEL more compared to the previous month). 10.5 percent fall on construction, amounting to 382.5 million GEL (0.5 percent or 2.0 million GEL less, respectively). Therefore, 83.9 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 1.5 percent or 35.9 million GEL, during the January, and reached 2.4 billion GEL by February 1, 2011.
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