Current Tendencies of Bank Deposits

Current Tendencies of Bank Deposits

25 April, 2016

The total volume of non-bank deposits in the country's banking sector decreased by 2.4 percent (exchange rate effect excluded volume of deposits increased by 0.8 percent), or by 347.8 million GEL, compared to March 1, 2016 and constituted 14.3 billion GEL by April 1, 2016. In March, the volume of term deposits decreased by 253.6 million GEL (3.0 percent; exchange rate effect excluded volume of term deposits increased by 0.6 percent). Demand deposits decreased by 94.2 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 29.19 percent by April 1, 2016; It increased by 0.99 percentage point (increased by 0.06 percentage point exchange rate effect excluded) compared to March 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 10.9 percent and the interest rate for foreign currency denominated deposits 3.8 percent.

The share of the US dollar in the total volume of foreign currency denominated deposits equals 81.6 percent and the share of the Euro equals 15.6 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