Daily News June 10, 2022	Days:  08 09 10 13 14

economics

IN Q1, MORTGAGE LOANS ISSUED IN FOREIGN CURRENCY DECREASED BY 11.5% Y-O-Y

National Bank of Georgia reported that mortgage loans, issued in foreign currency by Georgian banks as of March 31, totaled to equivalent of 17.05 billion lari. If compared with March 31, 2021, the volume has decreased by 11.5%.




IN Q1, MORTGAGE LOANS ISSUED IN LARI INCREASED BY 21.5% Y-O-Y

National Bank of Georgia reported that mortgage loans, issued in national currency by Georgian banks as of March 31, totaled to 10.9 billion lari. If compared with March 31, 2021, the volume has increased by 21.5%.




IN Q1, LONG-TERM CONSUMER LOANS ISSUED IN LARI INCREASED BY 38.2% Y-O-Y, SHORT-TERM LOANS DECREASED BY 8%

National Bank of Georgia reported that long-term consumer loans, issued in national currency by Georgian banks as of March 31, totaled to 5.59 billion lari. If compared with March 31, 2021, the volume has increased by 38.2%.




IN Q1, LONG-TERM CONSUMER LOANS ISSUED IN FOREIGN CURRENCY INCREASED BY 35.6% Y-O-Y, SHORT-TERM LOANS – BY 45.7%

National Bank of Georgia reported that long-term consumer loans, issued in foreign currency by Georgian banks as of March 31, totaled to equivalent of 752.6 million lari. If compared with March 31, 2021, the volume has increased by 35.6%.




UP TO 200 COMPANIES TAKE PART IN “WINEXPO GEORGIA 2022”

Up to 200 companies take part in the 14^th International Exhibition of Wine and Alcoholic Beverages “WinExpo Georgia 2022”, reported Georgian Ministry of Environmental Protection and Agriculture. The 2-day event was opened in the ExpoGeorgia exhibition center in Tbilisi on June 10.

business

IN Q1, 3 COMPANIES ACCOUNTED FOR 74% OF PROPERTY INSURANCE PREMIUM

Georgian State Service for Insurance Supervision reported that in the 1^st quarter, Georgian insurance companies attracted premium of 18.3 million lari in property insurance (year-on-year growth – 5%).

Out of total, 74%, or 85.4 million lari, was attracted by 3 companies.




IN Q1, 3 COMPANIES ACCOUNTED FOR 66% OF OBLIGATIONS FULFILLMENT INSURANCE PREMIUM

Georgian State Service for Insurance Supervision reported that in the 1^st quarter, Georgian insurance companies attracted premium of 2.87 million lari in insurance of obligations fulfillment (bank guarantees) (year-on-year growth – 20%).

Out of total, 66%, or 1.9 million lari, was attracted by 3 companies.




IN Q1, 3 COMPANIES ACCOUNTED FOR 72% OF CARGO INSURANCE PREMIUM

Georgian State Service for Insurance Supervision reported that in the 1^st quarter, Georgian insurance companies attracted premium of 2.47 million lari in cargo insurance (year-on-year decrease – 12.8%).

Out of total, 72%, or 1.78 million lari, was attracted by 3 companies.