Bank of Georgia Granted USD239 Million of Mortgage Credits
The total volume of Bank of Georgia’s mortgage loans reached GEL386.8 million (USD239 million) in 2008. The share of mortgage loans in the Bank’s credit portfolio amounted to 19.3% on January, 1, 2009. The total volume of credits reached GEL2.08 billion (USD1.2 billion).
The volume of mortgage loans grew by GEL61 million (USD37 million) in Q4, 2008. Georgian banking sector granted GEL660 million (USD408 million) of mortgage loans (11.03% of total banking credit portfolio) on January, 1, 2009.