Interest rates on GEL-denominated consumer loans have increased, while on USD-denominated consumer loans have decreased.
According to the National Bank’s statistics, averaged interest rate on GEL-denominated short-term bank credits is 19.9% (Q1.2017 – 19.4%), and foreign currency denominated loans – 6.0% (Q1.2017 – 8.1%).
Annual interest rate on GEL-denominated long-term loan is 17.5% (Q1.2017 – 16.1%). Annual interest rate on USD-denominated loan has declined to 10.7% (Q1.2017 – 11.6%).
Consumer loans portfolio exceeds 3.7 billion GEL and ratio of long-term loans exceeds 80% (3.04 billion GEL), including 1.3 million GEL-denominated loans.
|Bank||Annual %||Annual %|
|Bank of Georgia||≥9.0||≥15.|