Current Tendencies of Bank Deposits
The total volume of non-bank deposits in the country's banking sector increased by 0.8 percent (exchange rate effect excluded volume of deposits increased by 0.9 percent), or by 132.6 million GEL, compared to April 1, 2017 and constituted 16.2 billion GEL by May 1, 2017. In April, the volume of term deposits increased by 89.6 million GEL (1.0 percent; exchange rate effect excluded volume of term deposits increased by 1.1 percent). Demand deposits increased by 43.0 million GEL (0.6 percent; exchange rate effect excluded volume of demand deposits increased by 0.7 percent).
The larization ratio of total non-bank deposits constituted 31.34 percent by May 1, 2017 and increased by 0.50 percentage point (exchange rate effect excluded) compared to April 1, 2017.
The annual average weighted interest rate on term deposits constituted 4.1 percent. In particular, the interest rate for national currency denominated deposits was 8.7 percent and the interest rate for foreign currency denominated deposits 2.8 percent.
The share of the US dollar in the total volume of foreign currency denominated deposits equals 84.1 percent and the share of the Euro equals 13.3 percent.
information is published on the NBG's website: