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Value of Real Estate Put up for Sale by MFOs Doubled

MFOs share in the mortgaged property  put up for sale amounted to  4.5% as of the first half of last year. Chairman of the Association of Microfinance Organizations Archil Bakuradze told commersant.ge. He says  the number of borrowers increases,however, the amount of loans issued by MFOs is small. “Increased volume of repossessed property by  MFOs can have two reasons: a decline in purchasing power and a reduction in MFOs standards. However, we are working on an increase in the standards and in general, quality has not  deteriorated, “- says Bakuradze. …

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EBRD: GEORGIAN BANKS EMERGE AS REGIONAL LEADERS IN TRADE SECTOR CREDITING

TBC Bank has hosted a one-day conference as part of the trade support program of the European Bank for Reconstruction and Development (EBRD). The conference made focus on trade sector crediting on international and regional markets. The meeting also discussed the bank sector challenges with leading specialists, regulators and lawyers. …

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