The FINANCIAL -- The volume of lending by commercial banks (including loans to
non-residents) in June, 2011, compared to the previous month, increased
by 384.1 million GEL (5.9 percent) and reached 6.9 billion GEL by July
1, 2011.
The volume of loans provided in the national currency increased by 99.2 million GEL (5.5 percent), while the volume of loans in a foreign currency increased by 284.9 million GEL (6.1 percent).
By the end of June 2011, commercial banks issued to resident legal entities 661.9 million GEL worth of national currency-denominated loans (4.1 percent or 26.3 million GEL more compared to the previous month) and 3.3 billion GEL worth of loans in a foreign currency (8.8 percent or 265.5 million GEL more, respectively).
Out of the total volume of lending to legal entities, the biggest share falls on trade – 51.6 percent. Compared with the May 2011, in June the volume of loans provided for trade increased by 9.4 percent or 174.9 million GEL and exceeded 2.0 billion GEL.
Share of loans provided to the industrial sector constituted 19.4 percent of all loans to legal entities and amounted to 766.0 million GEL by July 1, 2011 (0.9 percent or 6.8 million GEL more compared to the previous month). 11.2 percent fall on construction, amounting to 442.0 million GEL (12.6 percent or 49.5 million GEL more, respectively). Therefore, 82.1 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 4.6 percent or 116.9 million GEL, during the June 2011, and reached 2.7 billion GEL by July 1, 2011.
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