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Tag Archives: GEL-denominated Loans

Interest Rates on GEL-denominated Loans Rises by 1%

In October 2017, as compared to September 2017, GEL-denominated loans portfolio in the banking sector rose by 153mln GEL, while foreign currency denominated loans shrank by 2mln USD. In both cases, commercial banks have issued 20.7bln GEL loans and this is a record figure. In October, the annual interest rate …

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