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Daily News

October 6, 2021

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economics

    IN Q3, DEMAND FOR T-BONDS 2.7 TIMES EXCEEDED EMISSION

    National Bank of Georgia reported that in the 3rd quarter, demand for Georgian Finance Ministry’s treasury bonds exceeded the emission 2.7 times.

    In particular, total demand at 7 auctions, held in July-September, made up 521.7 million lari, while total placement – 193.5 million lari.


    IN Q3, DEMAND FOR T-BILLS 3.4 TIMES EXCEEDED EMISSION

    National Bank of Georgia reported that in the 3rd quarter, demand for Georgian Finance Ministry’s treasury bills (maturity – 182 and 364 days) exceeded the emission 3.4 times.

    In particular, total demand at 6 auctions, held in July-September, made up 257.75 million lari, while total placement – 75 million lari (same as initially announced emission).


    IN Q3, DEMAND FOR DEPOSIT CERTIFICATES 3.9 TIMES EXCEEDED EMISSION

    National Bank of Georgia reported that in the 3rd quarter, demand for deposit certificates (discount security with maturity of 3 months) exceeded the emission 3.9 times.

    In particular, total demand made up 308 million lari, while emission – 90 million lari.


    NBG: SHARE OF LOANS WITH FLOATING INTEREST RATE HAS BEEN GROWING RECENTLY

    Share of loans with floating interest rate has been growing recently in the country, reported National Bank of Georgia (NBG).

    According to financial stability report, recently published of NBG, share of the mentioned loans, issued in lari, made up 91% as of June.


    NBG: FOLLOWING RECOVERY OF ECONOMIC ACTIVITY, DEMAND FOR REAL ESTATE IS GROWING

    Following recovery of economic activity in the country, demand for real estate is growing, National Bank of Georgia (NBG) indicated.

    According to financial stability report, published recently by NBG, number of transactions in Tbilisi for 6 months of this year has increased by 55% in comparison with the same period of 2020.


    NBG: AS OF JUNE, QUALITY OF MICROFINANCE ORGANIZATIONS’ PORTFOLIO HAS IMPROVED

    National Bank of Georgia (NBG) reported that total assets of Georgia’s non-banking financial sector amounted as of June to 2 billion lari, including 1.5 billion lari of microfinance organizations.

    As of June, quality of microfinance organizations’ credit portfolio has improved, NBG said, specifying that this segment keeps share of idle loans around 6.5%.


    TBILISI MAYOR: 19M LARI WILL BE ALLOCATED IN 2022 FOR CONSTRUCTION AND REHABILITATION OF KINDERGARTENS

    Tbilisi Mayor Kakha Kaladze reported that in 2022, allocation for rehabilitation and construction of kindergartens will amount to 19 million lari. If compared with the budget of the current year (over 13 million lari), the volume will increase by 46%.


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