Current Tendencies of Bank Deposits
The total volume of non-bank deposits in the country's banking sector increased by 1.2 percent, or 113.2 million GEL, compared with February 1, 2014, and exceeded 9.5 billion GEL by March 1, 2014. In February 2014, the volume of demand deposits increased by 65.3 million GEL (1.6 percent) and term deposits increased by 47.9 million GEL (0.9 percent) compared to the previous month.
The dollarization ratio of total non-bank deposits constituted 61.09 percent by March 1, 2014; decreasing by 1.22 percentage points compared to February 1, 2014.
The annual average weighted interest rate on term deposits constituted 6.2 percent. In particular, the interest rate for national currency denominated deposits was 8.1 percent and the interest rate for foreign currency denominated deposits 5.3 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 17.0 percent.
Current statistical information is published on the NBG's website: