GEL-denominated Loans in August Rose by 323 million GEL

In August 2019, as compared to July 2019, GEL-denominated loans issued by Georgia-based commercial banks (excluding interbank loans) rose by 323 million GEL, whilst foreign currency denominated loans rose by 13 million GEL.

As of September 1, loans in both currencies amounted to 29.8 billion GEL, including the ratio of foreign currency denominated loans rose to 55.7%, up from 55.5% year on year.

Consumer loans in August rose by 9 million GEL. Growth is mainly recorded for long-term loans. This category increased by 37 million GEL, whilst short-term loans rose by 5 million GEL.

Over the past year, GEL-denominated loans rose by 2.3 billion GEL, whilst foreign currency denominated loans increased by 383 million USD.

In August 2019, as compared to July 2019, annual market interest rate on GEL-denominated loans grew by 0.1% and totaled 14.3%, whilst the interest rate has not changed on foreign currency denominated loans and the figure accounts for 7.1%.

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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
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Economy

GEL-denominated Loans in August Rose by 323 million GEL

In August 2019, as compared to July 2019, GEL-denominated loans issued by Georgia-based commercial banks (excluding interbank loans) rose by 323 million GEL, whilst foreign currency denominated loans rose by 13 million GEL.

Last 7 Days Hot Topic

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
01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
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Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
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Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
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GEL-denominated Loans in August Rose by 323 million GEL

In August 2019, as compared to July 2019, GEL-denominated loans issued by Georgia-based commercial banks (excluding interbank loans) rose by 323 million GEL, whilst foreign currency denominated loans rose by 13 million GEL.

Last 7 Days Hot Topic

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 01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 02

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 03

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 04

Georgia Sees Surge in Electric Vehicle Registrations 05

Levan Lepsveridze Joins Jury at Cannes International Festival 06

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
01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
02

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
03

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
04

Georgia Sees Surge in Electric Vehicle Registrations
05

Levan Lepsveridze Joins Jury at Cannes International Festival
06