April 2019: 23 billion GEL deposited, 26.7 billion GEL lent

About 23.1 billion GEL (about $8.29b/€7.41b) was deposited in Georgian banks in April 2019, making for a 0.1% month-on-month decrease, show the latest data by the National Bank of Georgia (NBG).

In the same time period, Georgian banks lent 26.7 billion GEL (about $9.59b/€8.57b), which was 0.4% decrease compared to the previous month.

Current tendencies of bank deposits and loans

Last month, the sum of term deposits (deposits made for a predetermined period of time) decreased by 34.3 million GEL (about $12.32m/€11.01m), while demand deposits, which allow for flexible withdrawal, increased by 48.5 million GEL (about $17.41m/€15.56m).

Loans taken out in Georgian lari increased by 120.7 million GEL (about $43.34m/€38.73m), while loans denominated in foreign currencies decreased by 225 million GEL (about $80.79m/€72.21m) month-on-month.

There are 15 commercial banks in Georgia, including 14 foreign-owned banks and one branch of non-resident banks.