15.Mar .2022 18:00

Non-cash Spending By Non-residents Through TBC Bank’s Channels, Significantly Decreased

Non-cash Spending By Non-residents Through TBC Bank’s Channels, Significantly Decreased
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Relative to 2019, growth of non-cash spending by non-residents, through TBC Bank’s channels, significantly decreased and amounted to 11% in the period of 1-5 March, - according to the report issued by TBC Capital.

During 1-5 March period, non-cash spending by residents on grocery & pharmacy marginally increased and amounted to 164%, relative to 2019 (+36% YoY).

Relative to 2019, non-cash spending on categories excluding grocery and pharmacy decreased and amounted to 71% (+4% YoY).

Growth of non-cash spending in hotels, through TBC Bank’s channels, amounted to 42% compared to 2019. During 1-5 March period, non-cash spending in restaurants & cafes marginally decreased and stood at 85%, relative to 2019.

Non-cash spending on apparel marginally declined and amounted to 72%, compared to 2019. Non-cash spending on entertainment was below the 2019 level by 1%. Relative to 2019, growth of non-cash spending on fitness notably decreased and stood at -13%.

Relative to 2019, growth of non-cash spending on construction materials notably increased and amounted to 149%. Growth of non-cash spending on furniture marginally increased, totaling 161%, compared to 2019. Non-cash spending on electronics increased, totaling 116% relative to 2019.

Relative to 2019, growth of non-cash spending on personal care significantly decreased and amounted to 88%. Non-cash spending on car repair increased compared to 2019 and amounted to 167%. Growth of non-cash spending on fuel & transport marginally decreased and amounted to 104%, relative to 2019.

Growth of non-cash spending on doctor visits slightly decreased and amounted to 123%, relative to 2019. Compared to 2019, non-cash spending on medical equipment increased and stood at 113%.