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Tag Archives: Consumer loans

Will Consumer Loans Rise in Value?

The maturity period of consumer loans may change, according to the National Bank’s exposure draft on the issuance of retail loans. The document determine loan-issuing criteria, compliance with which will be obligatory for all loan organizations regulated and supervised by the National Bank of Georgia (NBG). According to the NBG’s …

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Consumer Loans Interest Rates Grow

Consumer loans interest rates have increased. According to National Bank of Georgia (NBG), averaged interest rate on short-term bank credits made up 19.4% (17.6% as of Q1/2-16). The interest rate marked 8.1% on foreign currency denominated short-term bank credits (7.4% in Q1/2-16). As of April 1 (Q1/2017), annual interest rates …

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