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.
