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27.01.2017

Loans larization program has been started since today

BasisBank welcomes the initiative of Government and has launched larization process. In this regard we started active bilateral works with National Bank of Georgia.

Larization of loans shall be carried out according the official exchange rate set for the day of larization minus 20 tetri. E.g. if official exchange rate to USD is GEL 2.7 the larization of loan carries out with rate 2.5. The difference between the rates will be financed by the state budget.

Larization is applicable only to natural persons, citizens of Georgia with annual income not exceeding GEL 100 000 (including individual entrepreneurs) and having current loans in USD, completely or partially secured with real estate, and which were issued before January 01, 2015. Funding of such loans will be carried out within USD 40 00.

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