Current Tendencies of Bank Deposits

Current Tendencies of Bank Deposits

24 February, 2017

The total volume of non-bank deposits in the country’s banking sector increased by 1.0 percent (exchange rate effect excluded volume of deposits decreased by 0.6 percent), or by 167.8 million GEL, compared to January 1, 2017 and constituted 17.2 billion GEL by February 1, 2017. In January, the volume of term deposits increased by 396.3 million GEL (4.3 percent; exchange rate effect excluded volume of term deposits increased by 2.4 percent). Demand deposits decreased by 228.6 million GEL (3.0 percent; exchange rate effect excluded volume of demand deposits decreased by 4.3 percent).


The larization ratio of total non-bank deposits constituted 28.12 percent by February 1, 2017 and decreased by 0.05 percentage point (exchange rate effect excluded) compared to January 1, 2017.

The annual average weighted interest rate on term deposits constituted 4.4 percent. In particular, the interest rate for national currency denominated deposits was 8.8 percent and the interest rate for foreign currency denominated deposits 3.2 percent.

The share of the US dollar in the total volume of foreign currency denominated deposits equals 85.2 percent and the share of the Euro equals 12.1 percent.


Current statistical information is published on the NBG’s website: 

https://www.nbg.gov.ge/index.php?m=304
https://www.nbg.gov.ge/uploads/depozitaricorporeisheniinglisurad/assets_
_liabilities_of_commercial_banks_totaleng.xls
https://www.nbg.gov.ge/uploads/depozitaricorporeisheniinglisurad/money_
aggregates_and_monetary_ratioseng.xls 

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