Interest rates on GEL-denominated consumer loans have risen, while you're on USD-denominated consumer loans have decreased. According on the National Bank’s statistics, averaged interest on GEL-denominated short-term bank credits is 19.9%? (Q1.2017 C 19.4%),? and forex denominated loans – 6.0% (Q1.2017 C 8.1%). Annual monthly interest on GEL-denominated? long-term loan is...
The Secretary of state for Finance of Georgia has announced a fresh government initiative to make a replacement for expensive banking products. According to Minister of Finance Mamuka Bakhtadze, this initiative is required to support the economy progress. "The Georgian banking system should drive economic development, not frustrate it, but,...