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NBG President: About 23% of Loans Converted into GEL

Currently, 75 million USD has been converted into GEL, Koba Gvenetadze, President of National Bank of Georgia (NBG), noted.

“Moreover, we have also specified the list of loans that are subject to larization. About 23% of loans were converted into GEL. As to Larization process, in general, this is not a short-term project. This is a long-term project and this process has taken 10-15 years in some countries”, Koba Gvenetadze said.

We remind you that loan larization one-time program has ended.