Current Tendencies of Bank Deposits

Current Tendencies of Bank Deposits

25 February, 2016

The total volume of non-bank deposits in the country's banking sector increased by 1.4 percent (exchange rate effect excluded volume of deposits decreased by 0.9 percent), or by 198.7 million GEL, compared to January 1, 2016 and exceeded 14.5 billion GEL by February 1, 2016. In January, the volume of term deposits increased by 323.0 million GEL (4.0 percent; exchange rate effect excluded volume of term deposits increased by 1.4 percent). Demand deposits decreased by 124.3 million GEL (2.0 percent; exchange rate effect excluded volume of demand deposits decreased by 3.7 percent).

The larization ratio of total non-bank deposits constituted 28.66 percent by February 1, 2016; It decreased by 1.87 percentage point (decreased by 1.22 percentage point exchange rate effect excluded) compared to January 1, 2016.

The annual average weighted interest rate on term deposits constituted 5.2 percent. In particular, the interest rate for national currency denominated deposits was 10.8 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 81.2 percent and the share of the Euro equals 16.4 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