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Commercial Banks Lent 30 million GEL to Government

Commercial Banks Lent 30 million GEL to Government

Deals worth 30 million GEL were made on 2-year bonds of the Ministry of Finance of Georgia.

Four commercial banks took part in the auction. The demand (56 million) exceeded the supply twice.

The maximum interest rate made up 7.25%, the averaged weighed rate totaled 7.2%. The rate has not almost changed as compared to the July auction (6.07-7.378%).

In summer 2015 two-year bonds were traded at 10.7%.