Non-bank deposits (current accounts and term deposits) in the country's banking sector constituted 3.0 billion GEL by February 1, 2009, which is 2.3 percent higher than the comparable figure for the same period of 2008. Foreign currency denominated deposits grew by 16.6 percent, while the volume of national currency denominated deposits decreased by 26.6 percent.

The dollarization coefficient of deposits increased by 9.3 percentage points compared to February 1, 2008 and amounted to 76.2 percent by February 1, 2009.

During the past year the interest rate for national currency denominated deposits was higher than for foreign currency denominated deposits. While the average weighted interest rate for the mentioned period for all deposits was 9.5 percent, the interest rate for national currency denominated deposits was 11.2 percent and the interest rate for foreign currency denominated deposits was 8.9 percent.

The currency structure of the foreign currency denominated deposits changed in favor of Euro. In particular, while by February 1, 2008 the share of US dollar in the total volume of foreign currency denominated deposits equaled to 76.1 percent and the share of Euro equaled to 23.2 percent, by February 1, 2009 the share of US dollar decreased to 74.6 percent and the share of Euro increased to 24.9 percent.

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