Sectors massively lent by MFOs in 2020

Sectors massively lent by MFOs in 2020

access_time2021-02-11 16:11:21


As of the fourth quarter of 2020, , the volume of loans issued by MFOs increased by GEL 55 million compared to the same period of last year.

According to the consolidated financial statements published on the National Bank’s website, in MFOs ended  2020 with a profit of GEL 44,853,697 against  GEL 112,123 in 2019.

It’s worth mentioning  that in the fourth quarter of 2020, the number of loans granted by MFOs decreased. In particular, in the fourth quarter of last year, MFOs issued a total of 662, 412 loans compared to 708,565 in the same period of the previous  year.

Consolidated financial statements show that in the fourth quarter of 2020, 660,935 loans were issued to individuals and 1,477 loans to legal entities. A  volume of loans issued in 2019 amounted to GEL 1.129 billion, in 2020 - GEL 1.184 billion.


The sectors massively lent in  the fourth quarter of 2020 are as follows :

Pawnshop - 468 191 loans worth GEL5 19 275 558

Installment - 80 888 loans worth GEL 48 127 960

Consumer loans - 52 433 loans worth GEL 264 797 025

Trade and services - 34 644 loans worth GEL 199 533 269

Agriculture - 19 464 loans worth  GEL 99 784 093

თეგები:
commersant




Similar News

up