Current Tendencies of Bank Deposits
The total volume of non-bank deposits in the country's banking sector decreased by 3.6 percent (exchange rate effect excluded volume of deposits decreased by 0.4 percent), or by 619.1 million GEL, compared to February 1, 2017 and constituted 16.5 billion GEL by March 1, 2017. In February, the volume of term deposits decreased by 508.8 million GEL (5.3 percent; exchange rate effect excluded volume of term deposits decreased by 1.5 percent). Demand deposits decreased by 110.2 million GEL (1.5 percent; exchange rate effect excluded volume of demand deposits increased by 1.1 percent).
The larization ratio of total non-bank deposits constituted 29.56 percent by March 1, 2017 and increased by 0.47 percentage point (exchange rate effect excluded) compared to February 1, 2017.
The annual average weighted interest rate on term deposits constituted 4.8 percent. In particular, the interest rate for national currency denominated deposits was 8.8 percent and the interest rate for foreign currency denominated deposits 3.0 percent.
The share of the US dollar in the total volume of foreign currency denominated deposits equals 85.4 percent and the share of the Euro equals 12.0 percent.
information is published on the NBG's website: