The National Bank’s standing facilities include lending and deposit facilities made available to banks and microbanks on an ongoing basis. These operations are  overnight and initiated by commercial banks and microbanks. Lending facilities include loans for maintaining daily liquidity, which are collateralized by eligible assets. Deposit facilities include excess liquidity deposits with the National Bank.

The NBG extends overnight loans to commercial banks and micro banks on the grounds of corresponding collateral. The collateral for the loan may include the types of collateral defined under the Regulation on Financial Collateral Management of the National Bank of Georgia. The loan principal and the accrued interest must be repaid before the close of the settlement day. The interest rate on the overnight loan is determined as the monetary policy rate plus 0.75 percentage points.

Overnight deposits are accepted at the NBG before the end of any business day without preliminary notification. The next business day, upon the opening of the operational day, the NBG transfers the amount of the deposit and accrued interest to the correspondent account of the commercial banks and microbanks. The interest rate on an overnight deposit is determined as the monetary policy rate minus 1.75 percentage points.