The FINANCIAL -- The volume of lending by commercial banks (including loans to non-residents) in May 2015 increased by 12.4 million GEL or by 0.1 percent (exchange rate changes contributed by 0.05 percentage point and operation changes contributed by 0.03 percentage point) compared to the previous month and reached 14.9 billion GEL by June 1, 2015.
The volume of loans in the national currency increased by 18.5 million GEL (0.4 percent) and the volume of loans in foreign currencies decreased by 6.1 million GEL in the same period (0.1 percent).
By the end of May 2015, commercial banks issued 1.6 billion GEL worth of national currency-denominated loans (0.6 percent less compared to the previous month), and 5.7 billion GEL worth of foreign currency denominated loans (0.8 percent less) to resident legal entities.
In the total volume of lending to legal entities, trade has the biggest share - 31.2 percent. Compared to the previous month, in May 2015 the volume of loans provided for trade decreased by 1.7 percent or by 40.0 million GEL, and constituted 2.3 billion GEL by June 1, 2015.
The share of loans provided to the industrial sector constituted 22.2 percent of total loans to legal entities, amounting to 1.6 billion GEL by June 1, 2015 (1.9 percent less compared to May, 1 2015 ); 6.5 percent comes for construction, amounting to 477.3 million GEL (1.7 percent less). Therefore only three sectors - industry, construction and trade compose 59.8 percent of the total volume of lending to legal entities.
During May the volume of lending to resident individuals increased by 0.1 percent or 6.7 million GEL, and exceeded 6.8 billion GEL.
Larization ratio for total loans constituted 35.39 percent by June 1 2015, while the same indicator for loans issued to the households was 52.60. Compared to May 1, 2015 exchange rate effect excluded larization ratio increased by 0.11 p.p. for total loans and decreased by 0.08 p.p. for households.