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Countries where people have most loans in foreign currency
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Countries where people have most loans in foreign currency

Countries where people have most loans in foreign currency

The dollarization rate of total loan portfolio in the banking sector of Georgia makes 55%. By May 1st, the larization rate of total loans was 44,73%. In QII 2017, the volume of foreign currency loans made 57,7% of total loans.  

Within the same period, in different countries of the world the portion of foreign currency loans in total loans was as follows:

Armenia – 61.9%

Moldova – 40%

Turkey – 31.2%

Ukraine – 48.6%

Russia – 27.1%

Poland – 24.1%

Estonia – 0.7% 

Latvia – 19.4%

Lithuania – 19.4% 

Germany – 10.4%

United Kingdom – 57.3%

Source: National Bank of Georgia; International monetary Fund.

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