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Daily News: Economics
August 1, 2014


“SOCIETY AND BANKS”: PROBLEM LOANS AND SEIZED PROPERTY HAVE MAINLY PRIVATE MONEYLENDERS

Non-governmental organization Society and Public declared that almost 10% of loans, issued by Georgian banks, are problematic, placing the country on 52nd position among 124 countries, according to the World Bank.

The organization pointed that problematic loans account for such small share in total portfolio of the banks as their real volume was borrowed from private moneylenders.

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