Industry, construction and trade sectors are the top lenders
Reporting about Georgia’s commercial banks’ loan portfolio, National Bank of Georgia (NBG) said that 78.5 percent of the total volume of lending to the legal entities falls only on three sectors - industry, construction and trade.
According to NBG, in June, 2012, compared to the previous month, the volume of lending by commercial banks, including loans to non-residents increased by 412.6 million Lari (5.2 percent) and exceeded 8.3 billion Lari by July 1, 2012. The volume of loans provided in the national currency and foreign currency increased by 5.2 percent, each.
Out of the total volume of lending to legal entities, the biggest share falls on trade - 46.7 percent. Compared with the previous month, in June, 2012, the volume of loans provided for trade increased by 7.5 percent or 151.8 million Lari and amounted to 2.2 billion Lari.
Share of loans provided to the industrial sector made up 21.8 percent of all loans to legal entities, while 9.9 percent fell on construction.
The volume of lending to resident individuals increased by 2.7 percent or 89.6 million Lari in the same period and reached 3.4 billion Lari by July 1.