The FINANCIAL — The volume of lending by commercial banks in December, 2012, compared to the previous month, increased by 139.4 million GEL and exceeded 8.7 billion GEL by January 1, 2013.
The volume of loans provided in the national currency increased by 72.9 million GEL (2.7 percent) and the volume of loans in a foreign currency increased by 66.5 million GEL (1.1 percent).
By the end of December 2012, commercial banks issued to resident legal entities 889.0 million GEL worth of national currency-denominated loans (2.5 percent or 21.8 million GEL more compared to the previous month) and 3.9 billion GEL worth of loans in a foreign currency (1.2 percent or 44.4 million GEL more, respectively).
Out of the total volume of lending to legal entities, the biggest share falls on trade – 47.0 percent. Compared with the previous month, in December, 2012 the volume of loans provided for trade decreased by 0.5 percent or 10.1 million GEL and constituted 2.2 billion GEL.
Share of loans provided to the industrial sector constituted 20.9 percent of all loans to legal entities and amounted to 993.2 million GEL by January 1, 2013 (2.4 percent or 23.0 million GEL more compared to the previous month). 9.2 percent fall on construction, amounting to 435.7 million GEL (9.2 percent or 36.9 million GEL more, respectively). Therefore, 77.1 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 1.9 percent or 66.4 million GEL, during the December 2012, and exceeded 3.6 billion GEL by January 1, 2013.
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