Home / Tag Archives: interest rates

Tag Archives: interest rates

Consumer Loans Rise in Value

Lari loans

Interest rates on GEL-denominated consumer loans have increased, while on USD-denominated consumer loans have decreased. According to the National Bank’s statistics, averaged interest rate on GEL-denominated short-term bank credits is 19.9%  (Q1.2017 – 19.4%),  and foreign currency denominated loans – 6.0% (Q1.2017 – 8.1%). Annual interest rate on GEL-denominated  long-term …

Read More »

Negative Interest Rates

Mariam Lashkhi

Since the most recent global financial crisis, interest rates in developed countries have been unprecedentedly low. The real interest rates are close to zero and in a number of cases, are even negative. The European Central Bank was the initiator for establishing the negative interest rates when it began using …

Read More »

Finance Minister: Our Decision is to Protect Citizens from Business Model with Thousands % of Interest Rate

Kumsishvili: We are Meeting Investors on Restoration of Regional Airdromes

In his interview with the Kviris Palitra, Dimitri Kumsishvili, Minster of Finance and First Vice Prime Minster, has submitted arguments for restricting annual interest rates on loans. “Similar business companies appear in less-developed countries. They permanently expand range of activities before their operation is restricted. Online loan companies knew very …

Read More »

National Bank of Georgia Warns Citizens

National bank of Georgia

In these latter days various legal bodies have intensified advertising campaigns for attracting money resources in the form of loans or bills in exchange for high interest rates. Our citizens are free to take a decision on managing their own funds. However, to prevent risks of losing the invested funds …

Read More »

TBC Bank’s Special Consumer and Mortgage Loans Initiative

Starting today, TBC Bank offers the best possible conditions to its customers on mortgage and consumer loans. Those who take out a loan at TBC or unify their existing loans at the Bank will benefit from maximally lowest interest rates. The special initiative will last until December 31. During this …

Read More »

China cuts interest rates

China’s monetary policy

CHINESE monetary policy is rarely straightforward. This weekend’s interest cut was no exception. The third loosening move in little more than three months, it should be evident that China is now in all-out easing mode.

Read More »