Banking
Posted:
5 years ago
Volume of Properties Seized by Commercial Banks Decline
The value of properties seized by commercial banks made up 177.9 million GEL in July 2019, the Finance Sector Report by the National Bank of Georgia (NBG) reads.
It should be noted that under the report, the value of properties seized by commercial banks declined by 22.4 million GEL. Namely, the figure made up 200.3 million GEL in July 2018. At the same time, the volume of written off loans constituted 26.1 million GEL, while loans of 27.4 million GEL were written off in the same period of 2018.
Under the same report, written off loans of 7.3 million GEL were collected in July 2019, while the figure made up 6.3 million GE in July 2018.