August 2019: 25.34 billion GEL deposited, 29.56 billion GEL lent
Loans taken out in Georgian lari increased by 319.1 million GEL ($107.3 mln/€97.63 mln), while loans denominated in foreign currencies decreased by 105.04 million GEL ($35.32 mln/€32.14 mln) month-on-month. Photo: Nino Alavidze/Agenda.ge.
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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).
In the same time period, Georgian banks lent 29.56 billion GEL ($9.94 bln/€9.04 bln), which was 0.73% increase compared to the previous month.
Current tendencies of bank deposits and loans
In August, the sum of term deposits increased by 142.50 million GEL ($47.92 mln/€43.6 mln), while demand deposits, which allow for flexible withdrawal, increased by 202.40 million GEL ($68.06 mln/€61.92 mln).
Loans taken out in Georgian lari increased by 319.1 million GEL ($107.3 mln/€97.63 mln), while loans denominated in foreign currencies decreased by 105.04 million GEL ($35.32 mln/€32.14 mln) month-on-month.
There are 15 commercial banks in Georgia, including 14 foreign-owned banks and one branch of non-resident banks.
The total assets of Georgian commercial banks amounted to 44.9 billion GEL ($15.1 bln/€13.74 bln) which is a 1.3 per cent increase compared to the previous month.