Banking

Merely 3% of Beneficiaries have Converted loans into GEL

Merely 3% of Beneficiaries have Converted loans into GEL August 8, 2018Leave a comment
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Less than 60 days are remained until the end of larization campaign and only 3% of beneficiaries have converted loans into GEL.

The volume of loans become GEL is tripled through 25/01-9/02 and also the rate is increased from 220 to 863. The activeness is grown following the meeting locked in NBG last month 3. Resulting from additional instruction from your regulatory, all banks have increased communication when using the customers. Managers of the bank explain insufficient activeness by Georgian character and they\’re expecting the game after this program.

Portfolio of $10.6 million is transformed into GEL and also the volume amounts to 26.3 million GEL. As known, loans are converted in -20% preferential rate and banks also use the resource with -20% preferential rates from NBG. If you envisage the growing trend of currency trading reserves in January, USD collateral might be more profitable for banks.

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