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 17.5% (Q1.2017 C 16.1%). Annual monthly interest on USD-denominated loan has declined to 10.7%? (Q1.2017? C 11.6%).
Consumer loans portfolio exceeds 3.7 billion GEL and ratio of long-term loans exceeds 80% (3.04 billion GEL), including 1.3 million GEL-denominated loans.
|Bank||Annual %||Annual %|
|Bank of Georgia||9.0||15.|