By the end of 2013, in total 1 031 organizations were engaged in the pawn business in Georgia.
Of these, 45.8% are located in Tbilisi, 13.5% – in Imereti, 12.3% – in Adjara, 10.6% – Samegrelo-Zemo Svaneti region, while the remaining 17.8% functionin other regions. The study conducted by “Sakstat” says.
In 2013, the weighted average interest rate of a pawnshop loan amounted to 54.1%. The average annual interest rate in local currency was 61.7% and in foreign currency – 48.3%.
The highest average annual interest rate of 81.6% was registered in Kartli, while the lowest of 30.8% was observed in Mtskheta- Mtianeti.
The pawnshop balance sheet profit in 2013 (before taxes and unforeseen expenses) amounted to GEL 21.6 million, of which 54.2% are pawnshops operating inTbilisi, while the rest are distributed among regions of Imereti – 18.1%; Adjara – 12.7%; Samegrelo-Zemo Svaneti – 9.3%.
The amount of cash in pawnshop cas desks amounted to GEL 13.4 million in 2013 year-end. 71% of them were in local currency and 29% – in foreign currency.
By the end of 2013, the pawnshops placed in banks cash in the amount of GEL 3.7 million, including 77% – in national currency, and 23% – in foreign currency.
It should be noted that the total amount was placed in resident banks, loans granted in 2013 amounted to GEL 310.7 million. 96% of loans were issued to individuals, while the remaining 4% to legal entities.
A volume of the fixed and intangible assets in pawnshops amounted to GEL 10.3 million by the end of 2013.
By the end of 2013 a volume of borrowed funds amounted to GEL 209.9 million. The majority of them (75%) are borrowings in foreign currency, 99% of the loans are taken by residents.
The number of pawnshop clients totaled 682 thousand in 2013; of these, the vast majority (about 99.8%) are natural persons.