Tag Archives: loan

In July 2018 the averaged market interest rate on loans made up 12.7%. The rate was the same – 12.7% in May-June period too. The rate has declined by 0.1% year on year. Averaged interest rate on GEL-denominated loans is 15.8%, including GEL-denominated corporate loans – 11.3% and GEL-denominated retail …

Mamuka Bakhtadze: “Irresponsible lending pushed 630,000 citizens onto the black list” “Today excessive debts stifle the country. This is the only relevant appraisal that we can give to the current situation in terms of excessive indebtedness. It is an important source of impoverishment. On the one hand, it narrows incomes …

In May 2018 volume of GEL-denominated loans in commercial banks rose by 157 million GEL (without interbank loans), while foreign currency denominated loans increased by 18 million USD. As a result of GEL exchange rate devaluation, the volume of foreign currency denominated loans rose by 92 million in GEL equivalent. …

IFC, a member of the World Bank Group, has joined forces with Basisbank to boost access to working capital and trade finance for Georgia’s small and medium enterprises (SMEs), helping them expand their businesses, create jobs, and tap into new markets. Access to finance is among the biggest challenges for …

The volume of lending by commercial banks (including loans to non-residents; excluding Credo Bank) in August 2017 increased by 183.7 million GEL or by 1.0 percent compared to the previous month (exchange rate effect excluded volume of lending increased by 0.3 percent) and constituted 19.2 billion GEL by September 1, …

The European Investment Bank (EIB) marked the tenth anniversary of its activities in Georgia on Thursday with major new loans and a keynote speech by Vice-President Vazil Hudák at the 14th Batumi International Conference. A EUR 250m loan, signed by EIB Vice-President Vazil Hudák in the presence of Georgian Prime Minister …

Anzor Kokoladze, convicted for fraud, presented another defamatory statement against TBC Bank by the pre-election period. As it Seems, Kokoladze demands pardon of illegal action from all three: the state, private business and the court. The Prosecutor’s Office still investigates the case of illegal income of Kokoladze and has already …

TBC Bank Group PLC said it has signed three loan agreements for a total of USD100 million, denominated in Georgian lari, with the European Bank for Reconstruction & Development. The European bank will provide the funds through three loan facilities, with USD60 million in lari to support implementation of the …

Nowadays the terms of finances and  loan  have become inseparable concepts. Finance sector offers a great number of crediting opportunities, including banks, microfinance organizations and companies, which offer fast loan services. To realize the essence of a credit, its positive and negative aspects, we should first know their types. Fast …

The Asian Development Bank (ADB) and the Government of Georgia have signed a $99 million ADB loan to upgrade water supply, sewerage, and sanitation systems for nearly 62,000 households in the secondary towns of Marneuli, Bolnisi, and Chiatura. “The project will help meet the growing demand for reliable, safe water …

From January 2017, small loans equaling 100 000 laris will be issued only in GEL. Georgian PM Giorgi Kvirikashvili announced. In addition loan limit will increase till 200 000 GEL. According to him, a new commercial law will be introduced soon which will make inevitable to publish prices of goods and …

The Asian Development Bank (ADB) has approved a $100 million loan to help the government better mobilize domestic resources to address limited availability of finance for small businesses–a critical obstacle to inclusive economic development–and increase access to long term finance on 31 August. The program agreements were signed by the …