Current Condition of Bank Deposits

Current Condition of Bank Deposits

01 December, 2009

Total volume of deposits in the country’s banking sector (including term deposits and current accounts of non-financial and households sectors, including payable interest) reached 3.2 billion GEL by November 1, 2009, which is 4.1 percent more than the comparable figure for October 1, 2009. In October, the volume of both current accounts and term deposits of non-financial and households sectors increased by 1.8 and 5.5 percent respectively.

The dollarization ratio of deposits amounted to 73.1 percent by November 1, 2009. The annual average weighted interest rate for all deposits equals to 10.0 percent, in particular the interest rate for national currency denominated deposits is 11.3 percent and the interest rate for foreign currency denominated deposits is 9.8 percent.

The share of US dollar in the total volume of foreign currency denominated deposits equals to 76.0 percent and the share of Euro equals to 23.1 percent.

Current statistical information is published on the statistics page of the NBG’s website.