BAKU, Azerbaijan, Sept.14
By Tamilla Mammadova – Trend:
Some 1.8 million people have debts to the financial sector in Georgia as of September 1, Trend reports via Creditinfo Georgia, a global partner in the field of credit risk management.
As reported, the total amount of loans reaches 29.1 million lari ($9.3 million).
The banking sector accounts for 88.4 percent of all loans, in particular, as of August 1, 1.59 million citizens have bank loans worth 26.8 billion lari ($8.6 billion). The microfinance sector, online lending, pawnshops, and officially registered private moneylenders account for the remaining amounts.
Some 558,109 people use the services of the microfinance sector and other legal credit organizations that in the reporting period issued loans in the amount of 1.7 billion lari ($547.4 million).
Another 18,815 entered into lease agreements to take out loans as well as internal loans of construction companies - the total amount of loans in these segments amounted to 482.5 million lari ($155.3 million).
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