May 2019: 24 billion GEL deposited, 27 billion GEL lent
Loans taken out in lari increased by 254.13 million GEL, while loans denominated in foreign currencies decreased by 697.68 million GEL month-on-month. Photo: Nino Alavidze/Agenda.ge.
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About 24.01 billion GEL (about $8.62b/€7.57b) was deposited in Georgian banks in May 2019, making for a 3.71% month-on-month increase, show the latest data by the National Bank of Georgia (NBG).
In the same time period, Georgian banks lent 27.63 billion GEL (about $9.92b/€8.71b), which was 3.57% increase 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) increased by 504.46 million GEL (about $181.13m/€159.11m), while demand deposits, which allow for flexible withdrawal, increased by 353.52 million GEL (about $126.94m/€111.50m).
Loans taken out in Georgian lari increased by 254.13 million GEL (about $91.25m/€80.15m), while loans denominated in foreign currencies decreased by 697.68 million GEL (about $250.51m/€220.05m) month-on-month.
There are 15 commercial banks in Georgia, including 14 foreign-owned banks and one branch of non-resident banks.
About 22.9 billion GEL (about $8.53b/€7.54b) was deposited in Georgian banks in February 2019, making for a 1.4% month-on-month decrease, show the latest data by the National Bank of Georgia (NBG).
About 22.6 billion GEL (about $8.48b/€7.47b) was deposited in Georgian banks in January 2018, making for a 2% month-on-month decrease.
About 23 billion GEL (about $8.63b/€7.61b) was deposited in Georgian banks in December 2018, making for a 4.7% month-on-month increase.
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).
About 25.34 billion GEL ($8.52 bln/€7.75 bln) was deposited in Georgian banks in August 2019, making for a 1.38% month-on-month increase, show the latest data by the National Bank of Georgia (NBG).
About 25.62 billion GEL ($8.7 bln/€7.8 bln) was deposited in Georgian banks in September 2019, making for a 1.10 per cent month-on-month increase, show the latest data by the National Bank of Georgia (NBG).
About 26 billion GEL ($8.74 bln/€7.93 bln) was deposited in Georgian banks in October 2019, making for a 2.7 per cent month-on-month increase, show the latest data by the National Bank of Georgia (NBG).
In November 2019, 26.28 billion GEL ($9.16 bln/8.28 bln) was deposited in Georgian commercial banks, which is a 0.14 per cent month-on-month decrease, show the latest data by the National Bank of Georgia.