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Article: Georgia: Georgian Banks Response to the Raising Demand on Mortgage Loans.
- Article from:
- TendersInfo
- Article date:
- October 27, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: datta03
Georgian banks have started launching mortgage loans with renovated terms as they identify this type of product to be in demand on the market. HSBC Bank Georgia is planning to re-launch its mortgage product within the next three months.
We have identified a demand for this type of product on the market and this is the response to the market s need, Maka Gvritishvili, Marketing, Communications and Corporate Sustainability Manager of HSBC Bank Georgia, told The FINANCIAL.
The minimum amount we will be offering for mortgages will be USD 100,000, the interest rates will still be from 14% to 17%, Gvritishvili says.
Until ...