April 2018: Almost 20 billion GEL deposited, 22.7 billion lent

About 19.9 billion GEL was deposited in Georgian banks in April 2018, making for a 1.3 percent (262.4 million GEL) month-over-month increase.

During the same time, Georgian banks lent 22.7 billion GEL, which was 478 million GEL or 2.2 percent more compared to the previous month, show the latest data by the National Bank of Georgia (NBG).

Current tendencies of bank deposits and loans

Last month, the sum of term deposits (deposits made for a predetermined period of time) increased by 231.1 million GEL, while demand deposits, which allow for flexible withdrawal, also increased by 31.2 million GEL.

As for loans taken out in Georgian lari, it increased by 207.8 million GEL (2.1 percent), while loans denominated in foreign currencies also increased by 270.2 million GEL (2.2 percent) month-over-month.

There are 16 commercial banks in Georgia, including 15 foreign-owned banks and one branch of non-resident banks.