Tracking the Recovery

8 Oct, 2021
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  • Growth of new mortgage issuance remains stable; The growth of Tbilisi’s residential property transactions slowed down, while still remaining above the 2019 level
  • Growth of non-cash spending by non-residents, through TBC Bank’s channels, remained almost unchanged compared to previous month
  • In September, non-cash spending on hotels, through TBC Bank’s channels, posted a noticeable decrease relative to 2019, while non-cash spending on restaurants increased marginally
  • Non-cash spending on entertainment remains on the negative growth territory
  • Growth remained sizeable for non-cash spending on both, doctor visits and medical equipment
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