NBG outlines current banking trends in Georgia
Tweet 
Share
Latest trends of deposits made in Georgian banks show the total volume of non-bank deposits and demand deposits are growing in Georgia
The statistics released by the National Bank of Georgia (NBG) said, the total volume of non-bank deposits in the country's banking sector increased by 1.4 percent, or by 198.8 million GEL(about $83.36 million USD), compared to November 1, 2015 and constituted 14.1 billion GEL (about $5.91 million USD).
NBG said, demand deposits increased by 67.6 million GEL (about $28.34 million USD).
The larisation ratio of total non-bank deposits constituted 31.01 percent by December 1, 2015; It decreased by 0.13 percentage point compared to November 1, 2015.
The annual average weighted interest rate on term deposits constituted 5.6 percent. In particular, the interest rate for national currency denominated deposits was 11.9 percent and the interest rate for foreign currency denominated deposits 4.4 percent.
NBG noted, the share of the US dollar in the total volume of foreign currency denominated deposits equals 81.6 percent and the share of the Euro equals 15.7 percent.
The number and sum of deposits made in Georgian banks is growing, shows current trends published by the National Bank of Georgia (NBG).
The number and sum of deposits made in Georgian banks is growing, shows current trends published by the National Bank of Georgia (NBG).
Latest trends show the number and sum of deposits made in Georgian banks is growing.
Latest trends of deposits made in Georgian banks show the total volume of non-bank deposits, time deposits and demand deposits are growing in Georgia.
Despite the ongoing depreciation of Georgia’s national currency against the US dollar and Euro, more people in Georgia are taking out loans in foreign currencies.
Georgians are saving more but at the same time are borrowing more from commercial banks, reveals new data published by the National Bank of Georgia (NBG).
Deposits in US dollar make up 81.6% of all deposits in Georgia
Georgians prefer to save their money in United States (US) dollar rather than in the national currency despite the fact local banks offer better interest rates for deposits made in Georgian Lari (GEL).
Georgians are saving less money, shows latest data by the National Bank of Georgia (NBG).
Georgians prefer to save their money in the United States (US) dollar and borrow money in the national currency, the Georgian Lari (GEL).
People in Georgia are borrowing more money and saving less, says the National Bank of Georgia (NBG).
Georgians are saving more money but they are also borrowing more, shows latest data by the National Bank of Georgia (NBG).