Banking

TBC Bank Converted 40 Million USD Loan into GEL

TBC Bank Converted 40 Million USD Loan into GEL May 13, 2018Leave a comment
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According to deputy of TBC general minister, 40 million loans happen to be changed to national currency in the TBC and Bank Republic, which comes from 53% of loans available. Inside frame of dedollarization program, 3073 customers dedollarized their loans.?

Customers who weren’t opted in for a state subsidized program thought we would dedollarize their loans also avoiding risks from unstable currency rate.?

“This program encouraged long-term dedollarization?process which can protect families and loan holders from currency instability and reduce risks for banks. Regardless of that, a persons vision rate increases insignificantly this is a price for stability inside future”- declared Nino Masurashvili.?

?TBC bank communicated using its customers otherwise. Except a phone consultation, there had been appointments arranged, where clients carries with it an possiblity to get methods almost all their questions.?

According to Nino Masurashvili, the 2nd wave of dedollarization has already been launched near you. About 100 000 GEL loan has long been granted to customers. Masurashvili believes that until the end of the year, will probably be clear how this process will impact on people.?

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