↑ Scroll to top

Fall in Demand on Loans

Published: August 16, 2013 | 7:20 am
Text size: -A +A
N1368021787247710

Why has there been a fall in demand on loans? According to the National Bank’s official statistics, against the background of lower interest rates, the demand on loans has been reduced. The director of the Association of Georgian Banks has explained that there are several significant reasons for this, the chief of which are the slow economic growth rate and the high levels of unemployment.
Archil Bakuridze, the head of the Microfinance Organisations Board, has told TV3 that the activity on the microfinance market has been increasing periodically. According to him, demand has always existed within this segment of the economy, which provides financing for small and medium scale businesses, and according to the recent figures, the situation has not changed.

VN:F [1.9.10_1130]
Rating: 0 (from 0 votes)
Share on Facebook Share on Twitter
More posts in category: Headline
  • Borjomi will Return to the Russian Market in near Future
  • U.S. Ambassador to Libya Is Killed
  • Michael Wilford’s £17 million British Embassy Opened in Tbilisi, Georgia
  • Minister of Finance of Georgia to Present Amendments to State Budget