Current Tendencies of Bank Deposits

Current Tendencies of Bank Deposits

27 August, 2018
The total volume of non-bank deposits in the country's banking sector increased by 1.1 percent (exchange rate effect excluded volume of deposits increased by 1.2 percent), or by 231.7 million GEL, compared to July 1, 2018 and constituted 20.5 billion GEL by August 1, 2018. In July, the volume of term deposits increased by 261.3 million GEL (2.2 percent; exchange rate effect excluded volume of term deposits increased by 2.3 percent). Demand deposits decreased by 29.6 million GEL (0.4 percent; exchange rate effect excluded volume of demand deposits decreased by 0.3 percent).

The larization ratio of total non-bank deposits constituted 39.18 percent by August 1, 2018, and decreased by 0.05 percentage point (exchange rate effect excluded by 0.09 percentage point) compared to July 1, 2018.

The annual average weighted interest rate on term deposits constituted 5.9 percent. In particular, the interest rate for national currency denominated deposits was 8.3 percent and the interest rate for foreign currency denominated deposits 3.0 percent.

The share of the US dollar in the total volume of foreign currency denominated deposits equals 84.6 percent and the share of the Euro equals 13.5 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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