Commercial Banks Take over Properties of 182 million GEL from Borrowers

The property of borrowers has increased at the banking sector (the exchange rate effect). Commercial banks have taken over properties of 182 million GEL in exchange for bad loans (11m/ 2018 -165 2, (2017 – 209.2 mln ).

Banks	2019 (million GEL)	2018 /17 (million GEL)
Bank of Georgia	76	56.9/94.9
TBC Bank	55	46.7/58.5
Cartu Bank	25	25.4/31.9

Before appropriation of the secured property, it is enlisted in the portfolio of bad loans and the supervisor obliges commercial banks to reserve 100%. The bank is authorized to write off the bad loan, but this does not signify the borrowers are not to cover the obligations.

Last 7 Days Hot Topic

Business

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
01

Economy

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
02

Economy

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
03

Business

Georgia Sees Surge in Electric Vehicle Registrations
04

Economy

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
05

Business

Commercial Banks Take over Properties of 182 million GEL from Borrowers

The property of borrowers has increased at the banking sector (the exchange rate effect). Commercial banks have taken over properties of 182 million GEL in exchange for bad loans (11m/ 2018 -165 2, (2017 – 209.2 mln ).

Last 7 Days Hot Topic

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
03

Georgia Sees Surge in Electric Vehicle Registrations
04

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
05

Levan Lepsveridze Joins Jury at Cannes International Festival
06

Categories

Pages

Commercial Banks Take over Properties of 182 million GEL from Borrowers

The property of borrowers has increased at the banking sector (the exchange rate effect). Commercial banks have taken over properties of 182 million GEL in exchange for bad loans (11m/ 2018 -165 2, (2017 – 209.2 mln ).

Last 7 Days Hot Topic

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 03

Georgia Sees Surge in Electric Vehicle Registrations 04

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 05

Levan Lepsveridze Joins Jury at Cannes International Festival 06

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
03

Georgia Sees Surge in Electric Vehicle Registrations
04

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
05

Levan Lepsveridze Joins Jury at Cannes International Festival
06