In Georgia, 11.8% of borrowers can’t pay off their loans.
According to "Creditinfo" statistics of April 2023, 228,121 borrowers have overdue loans for more than 30 days, and the number of contracts reaches 474,683. As of April, 1,931,828 Georgians have debts worth GEL 39,482,010,647 to the financial sector.
It’s worth mentioning that the banking sector accounts for 83.5% of the borrowers, as of March, a total of 1,613,691 borrowers have taken loans from banks in the amount of GEL 35,959,284,314. 8% of the borrowers have overdue loans which number makes 12,996.
Another 759,514 people have borrowed GEL 3,073,807,348 from leasing, construction and other types of companies. In this category, 15,545 people have overdue debts.
