Tbilisi (GBC) - Pension loans in Liberty's portfolio have decreased. As of Q4/2024, 295,000 loans have been issued (Q3/2024 – 301,827).
As of 01.01.2025, the volume of loans secured by pensions amounted to 424.3 million GEL (Q3/2024- 423.3 million).
The interest rate has also been reduced in the last quarter of the year, by 3 percentage points, to 28.5% (Q4 average interest rate). The downward trend has been observed since 2023 (Q2/2024 -27.1%., 2023 – 30.2%).
Pension loans are issued for a term of up to 4 years, with an annual interest rate of 26%.
Pensions account for 55.36% of Liberty's retail loans (Q3/2024 – 55.8.1%). In Liberty's retail credit portfolio, which as of Q4/2024 amounted to 2,000,722,600 GEL, the share of pensions is 21.1% (Q3/2024 - 1.870 billion GEL, share 22.6%).
Pension loans are issued to beneficiaries aged 80-83. The beneficiary must not be older than 84 at the time of loan repayment (overdraft is available up to 76 years old).
|
Weighted average effective interest rate on quarterly disbursed loans |
|
|
|
Q3/2024 |
Q4/2024 |
|
|
Consumer Loans |
26.4% |
26.4% |
|
Momental Installments |
23,5% |
22,65% |
|
Overdrafts |
2,9% |
2.86% |
|
Credit Cards |
30,4% |
31.89% |
|
Mortgages |
12,3% |
12.3% |
|
Mortgages - Purchase of completed real estate |
12,1% |
12,1% |
|
Mortgages - Construction, the purchase of real estate under constructionი |
13,7% |
13,7% |
|
Mortgages - For Real Estate Renovation |
13,0% |
13.6% |
|
Retail Pawnshop loans |
26,3% |
23,02% |
|
Student loans |
0,0% |
0,0% |
|
Total Retail Products |
24,4% |
24,0% |
|
მBetween them: Loans issued on the basis of income from a pension or other state social disbursement
|
26,1% |
25,8% |