Home / Banking / Consumer Loans Rise in Value
Lari loans

Consumer Loans Rise in Value

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.
TBC Bank ≥11.5 15.1
Liberty Bank ≥11.0