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Tag Archives: Dollarization

ProCredit Bank’s Portfolio Dollarization Declines to 80%

ProCredit Bank's Portfolio Dollarization Declines to 80%

ProCredit Bank’s portfolio dollarization has declined to 80% (L/Y – 85%). Annual growth in GEL-denominated loans made up 52% (197 million in 2017 and 131 million GEL in 2016). Currency portfolio has declined by 7% (809 million in 2017 and 872 million in 2016). Revenues from loans have also declined. …

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Koba Gvenetadze Announces 2018 As A Year Of Financial Education

The governor of the National Bank of Georgia, Koba Gvenetadze has announced 2018 to be “a year of financial education” and discussed plans that will be implemented together with financially literate society, who will no longer be afraid of exchange rate volatility. The governor also reviewed the major challenges of …

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TBC Bank Expands GEL-denominated Loan Portfolio

TBC Bank Expands GEL-denominated Loan Portfolio

TBC Bank has shrunk dollarization coefficient in loan portfolio. Retail loans portfolio constituted 4.257bln GEL as of August 1 (H1/2017 – 4.216bln; +1% m.m). GEL-denominated loans portfolio has risen to 2.1bln GEL. Retail portfolio dollarization coefficient is 50.7% (01.06.2017 – 51.8%). Billion Loans 7.493 Including Retail Loans 4.257 Retail Currency …

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Overdue Loans Amount Shrank by 9.6 million GEL in July

Amount of overdue loans shrank by 9.6mln GEL in July and the amount totaled 430.4mln GEL. The ratio of overdue loans in crediting portfolio of commercial banks made up 2.2%. Ratio of GEL-denominated loans in overdue loans made up 39.6%. According to National Bank of Georgia (NBG), in the reporting period, …

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Loan Dollarizations Decreased From 65 to 58 Percent

“Commonwealth has positively assessed joint events and projects implemented by the Georgian Government and the national bank of Georgia,” Dimitri Kumsishvili says. According to the Finance Minister, high rates of dollarization are solid challenge for several countries, including Georgia. It has been five month since the beginning of our larization …

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Retail Loans Dollarization Shrinks by 4.6% in 3 Months

dollarization

In March 2017 deposits dollarization coefficient has insignificantly increased. According to National Bank of Georgia (NBG), in March (as of March 17), deposits dollarization coefficient made up 70%, up from 69.8% in February 2017 and down from 70.4% in January 2017. Unlike deposits, in March loans dollarization level declined to …

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Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: Non-performing loans up to 9.0% in December 2016 Total loans by commercial banks were up 1.0% m/m (-24.3% y/y) to AZN 16.4bn, driven by 0.7% m/m increase in local currency loans and continued depreciation, which led to …

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National Bank: Banning Taking Small Loans in USD Would Not Increase Interest Rate

Low dollarization interests everyone, including population, government, investors, commercial banks and other players of financial sector, Vice President of National Bank of Georgia, Archil Mestvirishvili said. We have worked out 10-point plan, which focuses on three main directions: First is increasing Lari lending affordability which implies long term loans, and …

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EBRD Predicts Revitalization of the Region

EBRD Predicts Revitalization of the Region

European Bank for Reconstruction and Development (EBRD) predicts revitalization of the region despite the sustained high risks. TOP- 7  (2016●2017) Georgia 3,4% ●3,9% Azerbaiajn (3,0) ●1.0% Aremnia 2.0 ●2,0% Ukraine 1,5 ●2.0% Belorussia (3.0) ●1.0% Russia (0.6) ●1.2% Turkey 3.0 ●3.0% According to European Bank, South-Eastern Europe improves rating at the …

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