Current Tendencies of Bank Deposits

Current Tendencies of Bank Deposits

26 November, 2018
The total volume of non-bank deposits in the country's banking sector increased by 1.6 percent (exchange rate effect excluded volume of deposits decreased by 0.5 percent), or by 356.1 million GEL, compared to October 1, 2018 and constituted 22.2 billion GEL by November 1, 2018. In October, the volume of term deposits increased by 447.0 million GEL (3.4 percent; exchange rate effect excluded volume of term deposits increased by 1.2 percent). Demand deposits decreased by 90.9 million GEL (1.0 percent; exchange rate effect excluded volume of demand deposits decreased by 2.9 percent).

The larization ratio of total non-bank deposits constituted 36.60 percent by November 1, 2018, and decreased by 0.96 percentage point (exchange rate effect excluded by 0.19 percentage point) compared to October 1, 2018.

The annual average weighted interest rate on term deposits constituted 5.3 percent. In particular, the interest rate for national currency denominated deposits was 7.6 percent and the interest rate for foreign currency denominated deposits 2.9 percent.

The share of the US dollar in the total volume of foreign currency denominated deposits equals 83.8 percent and the share of the Euro equals 14.6 percent.

 

Current statistical information is published on the NBG's website:
https://www.nbg.gov.ge/index.php?m=304&lng=eng

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