Current Tendencies of Bank Deposits
Total volume of the non-bank deposits in the country’s banking sector decreased by 0.8 percent or 52.5 million GEL compared with the March 1, 2012, and constituted 6.8 billion GEL by April 1, 2012. In March, 2012, compared to the previous month, the volume of demand deposits decreased by 146.1 million GEL (4.4 percent) and term deposits increased by 93.6 million GEL (2.7 percent).
The dollarization ratio of the total non-bank deposits constituted 60.7 percent by April 1, 2012. It increased by 1.9 percentage points compared to March 1, 2012.
The annual average weighted interest rate on term deposits constituted 9.7 percent. In particular, the interest rate for national currency denominated deposits was 11.5 percent and the interest rate for foreign currency denominated deposits 9.3 percent.
The share of US dollar in the total volume of foreign currency denominated deposits equals to 75.4 percent and the share of Euro equals to 19.9 percent.
Current statistical information is published on the NBG’s website
http://www.nbg.gov.ge/index.php?m=306&lng=eng