Total volume of deposits in the country’s banking sector (including term deposits and current accounts of non-financial and households sectors, including payable interest) increased by 1.7 percent or 88.5 million GEL compared with the October 1, 2011, and exceeded 5.4 billion GEL by November 1, 2011. In October, compared to the previous month, the volume of transferable deposits of public non-financial corporations decreased by 42.2 million GEL (8.1 percent), while the transferable deposits of private non-financial corporations and households increased by 2.1 percent and the term deposits of non-financial and households’ sectors increased by 90.2 million GEL (2.9 percent).

The dollarization ratio of deposits constituted 66.9 percent by November 1, 2011. Compared with the October 1, 2011 it decreased by 1.8 percentage points.

The annual average weighted interest rate on term deposits constituted 8.8 percent. In particular, the interest rate for national currency denominated deposits was 11.8 percent and the interest rate for foreign currency denominated deposits 8.3 percent.

The share of US dollar in the total volume of foreign currency denominated deposits equals to 73.8 percent and the share of Euro equals to 20.0 percent.

Current statistical information is published on the statistics page of the NBG’s website.