Current Tendencies of Bank Deposits
The total volume of non-bank deposits in the country’s banking sector decreased by 6.5 percent (exchange rate effect excluded volume of deposits decreased by 5.0 percent), or by 939.3 million GEL, compared to May 1, 2016 and constituted 13.5 billion GEL by June 1, 2016. In May, the volume of term deposits decreased by 312.6 million GEL (4.0 percent; exchange rate effect excluded volume of term deposits increased by 1.1 percent). Demand deposits decreased by 626.7 million GEL (9.5 percent; exchange rate effect excluded volume of demand deposits decreased by 7.4 percent).
The larization ratio of total non-bank deposits constituted 33.07 percent by June 1, 2016; It increased by 2.55 percentage point (or by 1.68 percentage point exchange rate effect excluded) compared to May 1, 2016.
The annual average weighted interest rate on term deposits constituted 5.3 percent. In particular, the interest rate for national currency denominated deposits was 10.4 percent and the interest rate for foreign currency denominated deposits 4.1 percent.
The share of the US dollar in the total volume of foreign currency denominated deposits equals 81.4 percent and the share of the Euro equals 15.7 percent.
information is published on the NBG’s website: