Top-5 banks with the highest value of housing collateral

Top-5 banks with the highest value of housing collateral

access_time2021-02-25 16:20:30

Real estate, namely housing, worth GEL 27,769 billion was pledged as collateral in banks to obtain a loan-  the financial statements of commercial banks for the 4th quarter of 2020 say.

According to the reports, the  largest volume the real estate worth GEL 12.2 billion was  pledged at Bank of Georgia to meet the demand, followed by  TBC Bank, which living spaces worth  a total of GEL 9.614 billion in 2020, VTB Bank is the third with housing worth GEL 1.634 billion pledged as collateral.

 Top-5 banks with the highest value of residential houses:

• Bank of Georgia - GEL 12 277 450 100

• TBC Bank - GEL 9,614,293,806


• VTB Bank - GEL 1,634,247,416

• "Terra Bank" - GEL 1 589 460 740

•Liberty Bank - GEL 962,056,302

In 2019, the real estate worth GEL 22,610 billion was pledged as collateral  in  banks to obtain loans.

Note: in the reporting period 15 commercial banks operated in the market.

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