News Column

NBG-Current Condition of Commercial Banks' Loan Portfolio

February 26, 2014

ENP Newswire - 26 February 2014

Release date- 25022014 - The volume of lending by commercial banks (including loans to non-residents) in January 2014 decreased by 18.6 million GEL (0.2 percent) compared to the previous month, constituting 10.5 billion GEL by February 1, 2014.

The volume of loans provided in the national currency increased by 52.3 million GEL (1.3 percent) and the volume of loans in foreign currencies decreased by 71.0 million GEL (1.1 percent).

By the end of January 2014, commercial banks issued 1.1 billion GEL worth of national currency-denominated loans (1.3 percent, or 13.8 million GEL, less than in the previous month) to resident legal entities and 4.3 billion GEL worth of loans in foreign currencies (0.7 percent, or 317.7 million GEL, less than the previous month).

Of the total volume of lending to legal entities, the biggest share falls on trade - 45.1 percent. Compared with the previous month, in January 2014 the volume of loans provided for trade decreased by 0.9 percent, or 23.2 million GEL, and constituted 2.4 billion GEL.

The share of loans provided to the industrial sector constituted 17.4 percent of all loans to legal entities, amounting to 934.9 million GEL by February 1, 2014 (0.8 percent, or 7.4 million GEL, less than in January 1, 2014); 8.1 percent falls on construction, amounting to 433.3 million GEL (a decrease of 0.5 percent, or 2.3 million GEL). Therefore, 70.7 percent of the total volume of lending to legal entities falls on only three sectors - industry, construction and trade.

The volume of lending to resident individuals increased by 1.3 percent, or 59.1 million GEL, during January 2014 and reached 4.8 billion GEL by February 1, 2014.

Current statistical information is published on the NBG's website:

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Source: ENP Newswire

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