Current Tendencies of Bank Deposits
The total volume of non-bank deposits in the
country's banking sector increased by 1.1 percent
(exchange rate effect excluded volume of deposits increased by 1.5
percent), or by 173.4 million
GEL, compared to May 1, 2017 and
reached 16.4 billion GEL by June 1, 2017. In May, the volume of term deposits increased
by 49.7 million GEL (0.6 percent; exchange rate effect excluded volume of term
deposits increased by 1.0 percent). Demand deposits increased
by 123.6 million GEL (1.7 percent; exchange rate effect excluded volume of
demand deposits increased by 2.0 percent).
The larization ratio of total non-bank deposits constituted 31.42 percent by June 1, 2017 and decreased by 0.05 percentage point (exchange rate effect excluded) compared to May 1, 2017.
The annual average weighted interest rate on term deposits constituted 4.9 percent. In particular, the interest rate for national currency denominated deposits was 8.6 percent and the interest rate for foreign currency denominated deposits 3.2 percent.
The share of the US dollar in the total volume of foreign currency denominated deposits equals 86.0 percent and the share of the Euro equals 11.4 percent.
Current statistical information is published on the NBG's website: