September 2019: 25.62 billion GEL deposited, 30.12 billion GEL lent
Loans taken out in Georgian lari increased by 435.07 million GEL ($147.4 mln/€132.5 mln), while loans denominated in foreign currencies increased by 118.38 million GEL ($40.1 mln/€36.1 mln) month-on-month. Photo: Nino Alavidze/Agenda.ge.
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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).
In the same time period, Georgian banks lent 30.12 billion GEL ($10.2 bln/€9.2 bln), which was 1.87 per cent increase compared to the previous month.
Current tendencies of bank deposits and loans
In September, the sum of term deposits increased by 5.6 million GEL ($1.9 mln/ €1.7 mln), while demand deposits, which allow for flexible withdrawal, increased by 274.09 million GEL ($92.9 mln/€83.5 mln).
Loans taken out in Georgian lari increased by 435.07 million GEL ($147.4 mln/€132.5 mln), while loans denominated in foreign currencies increased by 118.38 million GEL ($40.1 mln/€36.1 mln) month-on-month.
There are 15 commercial banks in Georgia, including 14 foreign-owned banks and one non-resident bank.
The total assets of Georgian commercial banks amounted to 45.8 billion GEL ($15.5 bln/€13.9 bln) which is a 1.9 per cent increase compared to the previous month.