Current Tendencies of Bank Deposits
The total volume of non-bank deposits in the country's banking sector increased by 2.0 percent (exchange rate effect excluded volume of deposits increased by 2.3 percent), or by 282.0 million GEL, compared to December 1, 2015 and exceeded 14.3 billion GEL by January 1, 2016. In December 2015, the volume of term deposits increased by 144.6 million GEL (1.8 percent; exchange rate effect excluded volume of term deposits increased by 2.2 percent). Demand deposits increased by 137.4 million GEL (2.2 percent; exchange rate effect excluded volume of demand deposits increased by 2.5 percent).
The larization ratio of total non-bank deposits constituted 30.53 percent by January 1, 2016; It decreased by 0.48 percentage point (decreased by 0.57 percentage point exchange rate effect excluded) compared to December 1, 2015.
The annual average weighted interest rate on term deposits constituted 5.2 percent. In particular, the interest rate for national currency denominated deposits was 11.6 percent and the interest rate for foreign currency denominated deposits 4.0 percent.
The share of the US dollar in the total volume of foreign currency denominated deposits equals 80.5 percent and the share of the Euro equals 16.7 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