Volume of Lending in March 2015 Increased by 368.0 million GEL

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The FINANCIAL  — The volume of lending by commercial banks (including loans to non-residents) in March 2015 increased by 368.0 million GEL (2.6 percent, exchange rate effect excluded 0.8 percent) compared to the previous month, exceeded 14.6 billion GEL by April 1, 2015. The volume of loans provided in the national currency increased by 67.6 million GEL (1.3 percent) and the volume of loans in foreign currencies increased by 300.3 million GEL, according to National Bank of Georgia.

By the end of March 2015, commercial banks issued 1.5 billion GEL worth of national currency-denominated loans (1.3 percent more compared to the previous month), and in foreign currency 5.7 billion GEL (4.1 percent or exchange rate excluded 1.3percent more)  to resident legal entities.

In the total volume of lending to legal entities, the biggest share falls on trade – 31.2 percent. Compared to the previous month, in March 2015 the volume of loans provided for trade increased by 6.0 percent (exchange rate effect excluded 3.7 percent), or 128.6 million GEL, and reached 2.3 billion GEL by April 1, 2015.

The share of loans provided to the industrial sector constituted 22.9 percent of all loans to legal entities, amounting to 1.7 billion GEL by March 1, 2015 (2.7 percent, or exchange rate effect excluded 5.0 percent less than in March 1, 2015); 6.4 percent falls on construction, amounting to 465.3 million GEL (an increase of 4.5 percent, or exchange rate effect excluded 6.7 percent less). Therefore, 60.6 percent of the total volume of lending to legal entities falls on only three sectors – industry, construction and trade.

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The volume of lending to resident individuals increased by 2.3 percent (exchange rate effect excluded 1.0 percent), or 152.6 million GEL, during March 2015 and exceeded 6.7 billion GEL by April 1, 2015.

Larization ratio for total loans constituted 35.79 percent by April 1 2015, while the same indicator for loans issued to the households was 53.48. Compared to the March 1 larization ratio excluded exchange rate effect increased by 0.20 and 0.15 percentage point correspondingly.


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