The FINANCIAL -- The volume of lending by commercial banks (including loans to non-residents) in April 2015 increased by 262.8 million GEL (1.8 percent) compared to the previous month (decreased by 0.3 percent, exchange rate effect excluded) and exceeded 14.8 billion GEL by May 1, 2015.
The volume of loans in the national currency increased by 20.0 million GEL (0.4 percent) and the volume of loans in foreign currencies increased by 242.8 million GEL (2.6 percent or decreased by 0.7 percent exchange rate effect excluded).
By the end of April 2015, commercial banks issued 1.6 billion GEL worth of national currency-denominated loans (6.2 percent more compared to the previous month), and 5.8 billion GEL worth of foreign currency denominated loans (1.5 percent more or 1.8 percent less exchange rate effect excluded) to resident legal entities, according to NBG.
In the total volume of lending to legal entities, trade has the biggest share - 31.5 percent. Compared to the previous month, in April 2015 the volume of loans provided for trade increased by 3.3percent (exchange rate effect excluded 0.6 percent), or 74.4 million GEL, and exceeded 2.3 billion GEL by May 1, 2015.
The share of loans provided to the industrial sector constituted 22.5 percent of total loans to legal entities, amounting to 1.7 billion GEL by May 1, 2015 (0.4 percent more and 2.3 percent less exchange rate effect excluded) 6.5 percent comes for construction, amounting to 485.3 million GEL (4.3 percent more, or 1.7 percent more exchange rate effect excluded). Therefore only three sectors - industry, construction and trade compose 60.5 percent of the total volume of lending to legal entities.
The volume of lending to resident individuals increased by 2.0 percent (exchange rate effect excluded 0.4 percent), or 131.5 million GEL, and exceeded 6.8 billion GEL by May 1, 2015.
Larization ratio for total loans constituted 35.29 percent by May 1 2015, while the same indicator for loans issued to the households was 52.70. Compared to the April 1, 2015 exchange rate effect excluded larization ratio increased by 0.26 percentage point for total loans and 0.04 percentage point for households.