Loan and Deposit Portfolios Increased in December
31 January, 2013
Loan and Deposit Portfolios Increased in December
Loan portfolio of Georgian banking sector increased by 1.6% in December of 2012 compared to the previous month. Deposit portfolios went up by 2.7%. Total lending volume of Georgian banking sector grew by 1.6% or GEL 139.4 million and exceeded GEL 8.7 billion by January 1, 2013, National Bank of Georgia, reported on January 25, 2013. The volume of loans provided in the national currency increased by GEL 72.9 million (2.7%) and the volume of loans in a foreign currency increased
by GEL 66.5 million (1.1%).
Out of the total volume of lending to legal entities, the biggest share traditionally falls on trade, industrial sector and construction making 47%, 20.9% and 9.2% respectively. However, trade share decreased by 0.5 percent or GEL 10.1 million on a monthly basis, while share of industrial sector in loan portfolio grew by 2.4% or GEL 23 million and share of construction loans increased – by GEL 36.9 million.
The volume of lending to resident individuals increased by 1.9% GEL 66.4 million and exceeded GEL 3.6 billion in the reported period.
Portfolio of the entire non-bank deposits increased by 2.7% or GEL 202.1 million compared with the December 1, 2012, and exceeded GEL 7.6 billion by January 1, 2013. The volume of demand deposits increased by GEL 100.9 million (3.2%) and term deposits increased by GEL 101.1 million (2.4%).
The dollarization ratio of the total non-bank deposits constituted 64.08%.  It decreased by 1.78 percentage points compared to December 1, 2012. The share of US dollar in the total volume of foreign currency denominated deposits equals to 80.2% and the share of Euro equals to 17.1%.
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