https://sputnik-georgia.ru/20220204/chislo-kreditov-s-plavayuschey-protsentnoy-stavkoy-v-gruzii-rastet-264135395.html
The number of adjustable rate loans in Georgia is growing
The number of adjustable rate loans in Georgia is growing
On February 2nd, the National Bank of Georgia decided to keep the refinancing rate at 10.5%. February 4, 2022, Sputnik Georgia
2022-02-04T07:01+0400
2022-02-04T07:01+0400
2022-02-04T07:01+0400
Georgia
Messages
business
credit
refinancing rate
/html/head/meta[@name=”og:title”]/@Contents
/html/head/meta[@name=”og:description”]/@Contents
https://cdnn1.img.sputnik-georgia.com/img/23406/66/234066642_1:0:1500:843_1920x0_80_0_0_6be5cf891f3de09508c21d269a3dd06f.jpg
Tbilisi, February 4 – Sputnik. In Georgia, 183.5 thousand variable-rate loans depend on the refinancing rate, the non-governmental organization Society and Banks said in a statement. From December 1 to January 1, 2021, the number of variable rate loans increased by 8.2 thousand. Loans totaling 8.7 billion lari are interest rate dependent, according to NGOs. As of January 1, variable rate loans accounted for 41.1% of the total loan portfolio in Lari. On February 2, the National Bank of Georgia’s Monetary Policy Committee decided to keep the refinancing rate at 10.5%. “The Monetary Policy Committee’s decision is the continuation of tightened policy in relation to current inflationary processes in the economy caused by the combined impact of internal and external factors on the economy. Annual inflation in December was 13.9%, which could be a big blow to the economy if it affects inflation expectations over the longer term. ‘ the NGO said in a statement. The exchange rate of the lari against the US dollar on February 3 is GEL 3.0179/$1. Subscribe to video news from Georgia on our YouTube channel
2022
Messages
de_GE
https://cdnn1.img.sputnik-georgia.com/img/23406/66/234066642_188:0:1312:843_1920x0_80_0_0_e285027f4624c1690e56c54e17ff86d2.jpg
georgia news economy credit refinance rate
subscribe to something
On February 2nd, the National Bank of Georgia decided to keep the refinancing rate at 10.5%.
Tbilisi, February 4 – Sputnik. In Georgia, 183,500 variable-rate loans are dependent on the refinancing rate, the NGO Society and Banks said in a statement.
From December 1 to January 1, 2021, the number of variable rate loans increased by 8.2 thousand. Loans totaling 8.7 billion lari are interest rate dependent, according to NGOs. As of January 1, variable rate loans accounted for 41.1% of the total loan portfolio in Lari.
On February 2, the National Bank of Georgia’s Monetary Policy Committee decided to keep the refinancing rate at 10.5%.
The refinancing rate is the amount of interest, on an annualized basis, that the credit institutions pay to the National Bank for the loans granted to them. The interest rate is the main instrument of the National Bank’s monetary policy and is considered a benchmark for market interest rates in the financial sector.
“The decision of the Monetary Policy Committee is a continuation of the tightened policy in relation to the current inflationary processes in the economy caused by the combined action of internal and external factors affecting the economy. Annual inflation in December was 13.9%, which could be a major blow to the economy if it affects long-term inflation expectations,” the NGO said in a statement.
Which loans depend on the refinancing rate
|
type of loan |
amount of loans |
Volume, million lari |
|
consumer |
79 700 |
1,153.7 |
|
mortgage |
66 500 |
2929.2 |
|
business loan |
35 300 |
4,496.5 |
|
car loan |
600 |
16.2 |
|
indefinite goal |
3000 |
91.4 |
The exchange rate of the lari against the US dollar on February 3 is GEL 3.0179/$1.
Subscribe to video news from Georgia on our YouTube channel
source
Comments are closed.