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Credit Investments of Georgian Commercial Banks Amount to GEL 11.1 Billion

In August 2014 , the volume of credit investments, including loans to non-residents,increased by  GEL 41. 4  million (0 4%) in comparison with the previous month and amounted to GEL 11.1 billion. In the same period, loans issued in the national currency increased by GEL 0.9 million (0, 02%), in the foreign currency – by GEL 40.4 million (0, 6%).

According to the National Bank of Georgia, in August the  volume of loans issued in the national currencyto resident legal entities reduced by  3.7% ( GEL 48, 6 million) compared with July while in  foreigncurrency increased by   4.2 billion. (by 0.7% or GEL 29. 9 million).

Trade accounts for 30.1%  in total corporate lending that it 3 .6%  less ( GEL 61. 1 million) than in July and amounts to  GEL 1.6 billion.

22, 7% of loans issued to legal entities fall on  industry – GEL 1.2 billion which is 0.02% or  GEL 0. 2 million less than last month, 7.3% fall on construction –  GEL 399 million (- 2 .3% or  9.3million).

Thus, 60, 1% of all loans to legal entities fall on three sectors – trade, industry and construction.

In August 2014, loans to individuals increased by 0, 7% ( GEL 36, 9 million), and amounted to GEL 5, 4 billion.