Current Tendencies of Bank Deposits
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 increased by 1.2 percent), or by 198.8 million GEL, compared to November 1, 2015 and constituted 14.1 billion GEL by December 1, 2015. In November 2015, the volume of term deposits increased by 131.1 million GEL (1.7 percent; exchange rate effect excluded volume of term deposits increased by 1.4 percent). Demand deposits increased by 67.6 million GEL (1.1 percent; exchange rate effect excluded volume of demand deposits increased by 1.0 percent).
The larization ratio of total non-bank deposits constituted 31.01 percent by December 1, 2015; It decreased by 0.13 percentage point (decreased by 0.06 percentage point exchange rate effect excluded) compared to November 1, 2015.
The annual average weighted interest rate on term deposits constituted 5.6 percent. In particular, the interest rate for national currency denominated deposits was 11.9 percent and the interest rate for foreign currency denominated deposits 4.4 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 15.7 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