As of November 2020, banks appropriated the property worth  GEL 248.6 million

As of November 2020, banks appropriated the property worth GEL 248.6 million

access_time2021-01-20 09:20:53


As of November 2020, the property appropriated by commercial banks amounted to GEL 248.6 million - the Financial Sector Review published by the National Bank reads.

According to the review, the value of property appropriated by banks increased annually by GEL 37.7 million. In particular, in November 2019, this figure was GEL 210.9 million.


At the same time, according to the NBG, in November the amount of loans written off amounted to GEL 28.6 million against  GEL 22.5 million in the same period of 2019.


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