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) increased by 1.2 percent or 40.9 million GEL compared to the previous month and exceeded 3.5 billion GEL by March 1, 2010. In February, the volume of current accounts of non-financial and households sectors and the volume of term deposits increased by 26.6 million GEL or 2.1 percent and 13.7 million GEL or 0.6 percent, respectively.

The dollarization ratio of deposits decreased by 1.7 percentage points compared to the figure for February 1, 2010 and amounted to 72.7 percent by March 1, 2010. In February the annual average weighted interest rate for all deposits amounted to 9.2 percent, in particular, the interest rate for national currency denominated deposits was 10.7 percent and the interest rate for foreign currency denominated deposits was 9.0 percent.

The share of US dollar in the total volume of foreign currency denominated deposits equals to 76.6 percent and the share of Euro equals to 22.2 percent.

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