Profits have been reduced to the lending entities. Small lending entities finished 1Q with a net profit of GEL 11 million, which is a decline of 6.3% y-o-y or the lending entities earned 742,568 GEL less profit compared to the first quarter of last year.
Small lenders have issued more than GEL 1.041 billion in loans as of April 1. The portfolio loans totals to GEL 909.2 million, of which 132.4 million is lent in the foreign currency.
Loans Issued For 754 494 Individuals By Sector:
• Pawnshop - GEL 277.7 million
• Consumer loans - GEL 291.18 million
• Online loans - GEL 346.7 million
• Agriculture - GEL 29.6 million
• Trade / Services - GEL 9.8 million
• Mortgage loans - GEL 2.8 million
• Auto loan – GEL 0.93 million
• Other – GEL 15.6 million
Legal entities have taken GEL 67 million loans from small creditors. A total of 650 companies own such loans.
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