Current Tendencies of Bank Deposits
The total volume of non-bank deposits in the country's banking sector increased by 3.4 percent (exchange rate effect excluded volume of deposits decreased by 0.1 percent), or by 532.5 million GEL, compared to November 1, 2016 and constituted 16.2 billion GEL by December 1, 2016. In November, the volume of term deposits increased by 403.7 million GEL (4.7 percent; exchange rate effect excluded volume of term deposits increased by 0.5 percent). Demand deposits increased by 128.7 million GEL (1.8 percent; exchange rate effect excluded volume of demand deposits decreased by 1.0 percent).
The larization ratio of total non-bank deposits constituted 28.85 percent by December 1, 2016, decreased by 1.47 percentage point (exchange rate effect excluded increased by 0.45 percentage point, compared to November 1, 2016.
The annual average weighted interest rate on term deposits constituted 4.4 percent. In particular, the interest rate for national currency denominated deposits was 7.8 percent and the interest rate for foreign currency denominated deposits 3.4 percent.
The share of the US dollar in the total volume of foreign currency denominated deposits equals 84.9 percent and the share of the Euro equals 12.4 percent.
statistical information is published on the NBG's website: