Economy

Kumsishvili: Loans of over 60 Million USD are Converted in GEL In the Larization Program

Kumsishvili: Loans of over 60 Million USD are Converted in GEL In the Larization Program August 26, 2018Leave a comment
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Minister of Finance has evaluated larization program before its official finish.

The First Vice-Premier declares that results aren\’t determined, in the preliminary data, portfolio of 60 million USD is converted in GEL.

\”As noted, this has been are probably the largest support action on the state. Everyone tried hard and did everything for activation in the program. I need to thank all families who definitely have taken part in larization program.? 4500 people are insured from fx fluctuations, this implies that larization program provides a good result\”, – Kumsishvili declared.

He also noted, that larization process will probably be assisted from the legislative amendments, which envisage issuance of loans in GEL under 100 000 GEL.

\”Such loans are issued in GEL from January 1. Respectably, the normal maturity of which credit portfolio is 2.A few years, so payday loans are re-issued actually. However, I do think that loans under 100 000 GEL with real-estate collateral is going to be issued totally in GEL from a definite term\”, – Dimitri Kumsishvili, Minister of Finance declared.

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