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%