December 2018: 23 billion GEL deposited, 26.6 billion GEL lent
Last month loans taken out in Georgian lari increased by 159.3 million GEL. Photo: Nino Alavidze/Agenda.ge.
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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.
In the same time periods, Georgian banks lent 26.6 billion GEL (about $9.99b/€8.80b), which was 1.8% 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) decreased by 126.2 million GEL (about $47.38m/€41.73m), while demand deposits, which allow for flexible withdrawal, increased by 1.2 billion GEL (about $0.45b/€0.40b).
Loans taken out in Georgian lari increased by 159.3 million GEL (about $59.80m/€52.68m), while loans denominated in foreign currencies also increased by 321 million GEL (about $120.51m/€106.15m) month-on-month.
There are 15 commercial banks in Georgia, including 14 foreign-owned banks and one branch of non-resident banks.
About 19.6 billion GEL was deposited in Georgian banks in March 2018, making for a 2.4 percent (459.1 million GEL) month-over-month increase.
About 19.2 billion GEL was deposited in Georgian banks in January 2018, making for a 3.2 percent (627.1 million GEL) month-over-month decrease.
About 20.5 billion GEL was deposited in Georgian banks in July 2018, making for a 1.1 percent (231.7 million GEL) month-over-month increase.
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.
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 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 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 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.