1.62 million people are in debt with a bank

1.62 million people are in debt with a bank

access_time2023-03-14 14:03:20

Credit i nfo reports that in February 2023, the number of borrowers unable to repay loans made 225,302, the number of contracts reached 458,149. A s of February 2023, 1,929,435 people use loans with the total amount of GEL 39, 8 billion.


T he banking sector accounts for 84% of borrowers, in February a total of loans in the amount of GEL 36.3 billion were taken from banks. 132,566 loans are overdue making 8.2% of the total loans.



743,660 people
took l oans worth GEL 3.026 billion from other financial institutions (microfinance, online, pawnshops, private moneylenders). The total number of borrowers from these organizations reaches 126,273.


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