People’s Bank of Georgia (the “Bank”) announced today that it has disbursed loans of GEL 108.2 million to 448,268 borrowers since September 2009, bringing the gross loan book to GEL 113.7 million as at 28 February 2010 (up 21.0% since September 2009 and 7.1% YTD 2010). Net Loan book grew 20.2% since September 2009 (11.5% YTD 2010) and equaled GEL 94.3 million.
The Bank has disbursed GEL 39.4 worth of new retail loans to over 161,000 individuals in January-February 2010. Retail Gross Loans increased 35.0% since September 2009 and 8.0% YTD 2010 resulting in Gross Retail Loan book of GEL 62.8 million as at 28 February 2010.
