Gvasalia: 8% of Borrowers Placed on Commercial Banks after Larization Program Inauguration

Loans larization program is underway. This system is relevant to about 33 000 loans. The mentioned loans really should be changed to GEL in two months. About 8% of borrowers have applied to commercial banks on the first day’s the larization program inauguration.

The program started only one previous day and it’s also early to generate conclusions, but our society demonstrates much desire for the offer, Zurab Gvasalia, president of Georgian Banks Association, noted.

“Larization program will free portion of society form currency risks which is an essential moment for our bank sector and country”, Zurab Gvasalia noted.

According to your Larization program, commercial banks are obliged to notify all borrowers in regards to the program details. Borrowers are authorized to consider commercial banks due to conditions for larization of these loans.

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