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Trade Sector’s Ratio in Crediting Portfolio Keeps Falling

The trade sector’s ratio in total crediting portfolio has declined again.

According to Geostat, the national statistics service of Georgia, the sector’s ratio makes up 25% (29% as of 01.12.2014) and the crediting volume is 1.683 billion GEL. In November the ratio declined by 28% month on month.

The industry sector’s crediting ratio marked 21.4% as of December 1, 2015 (24.3% as of December 1,m 2014). The crediting volume amounted to 1.441 billion GEL (contraction marked 12.4%).

The development sector’s ratio decreased by 8% (6.9% as of 01.12.2014). The crediting volume equaled 544.4 million GEL (+0.7% month on month).

Hence, the mentioned three fields’ ratio in total crediting portfolio is 54.6% (60.3% as of 01.12.14 and 71% as of 21.12.13).

Total portfolio is 6.7 billion GEL. The month of November recorded 12% contraction. The bank sector had issued 7.7 billion GEL corporate loans as of November 1, 2015.