The total volume of non-bank deposits in the country's banking sector increased by 3.9 percent, or 359.2 million GEL, compared with December 1, 2013, and constituted 9.7 billion GEL by January 1, 2014. In December 2013, the volume of demand deposits increased by 218.0 million GEL (5.1 percent) and term deposits by 141.2 million GEL (2.8 percent) compared to the previous month.

The dollarization ratio of total non-bank deposits constituted 59.85 percent by January 1, 2014; increasing by 0.35 percentage points compared to December 1, 2013.

The annual average weighted interest rate on term deposits constituted 6.2 percent. In particular, the interest rate for national currency denominated deposits was 9.3 percent and the interest rate for foreign currency denominated deposits 5.4 percent.

The share of the US dollar in the total volume of foreign currency denominated deposits equals 80.0 percent and the share of the euro equals 17.4 percent.

 

 

Current statistical information is published on the NBG's website:
http://www.nbg.gov.ge/index.php?m=306&lng=eng