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Lari loans

GEL-Denominated Loans Grow in Value

Ratio of consumer loans in retail loans portfolio (9.363 billion GEL) does not exceed 20%. The dollarization coefficient is 20%.

Only 25% of long-term loans (2.3 billion GEL) has been issued in foreign currency. The figure makes up 6.4% in short-term loans (469 million GEL).

Interest rates have increased on GEL-denomintaed short-term loans -20% (18% as of March 1, 2016); in foreign currency – 8% (7.4% as of March 1, 2016).

Long-term foreign currency denominated loans have shrunk to 11.8% (12.8% as of March 1, 2016), while GEL-denominated long-term loans have rose to 16.1% (15.8% as of March 1, 2016).