12.Aug .2022 14:00

TBC Capital: 'growth slowdown for new mortgage issuance in 1st WK'

TBC Capital: 'growth slowdown for new mortgage issuance in 1st WK'
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The first week of August closed with a noticeable growth slowdown for new mortgage issuance, while Tbilisi residential property transactions maintain double-digit growth, reads the weekly update of TBC Capital.

"Growth of non-cash spending in hotels, through TBC Bank’s channels, remained sizeable and further accelerated. However, growth of non-cash spending of non-residents marginally declined.

Growth non-cash spending through TBC Bank channels on categories excluding grocery & pharmacy increased in the first week of August," the report says.