October 2019: 26 billion GEL deposited, 31 billion GEL lent
The total assets of Georgian commercial banks amounted to 46.3 billion GEL ($15.56 bln/€14.13 bln) which is a 1.2 per cent increase compared to the previous month. Photo: Nino Alavidze/Agenda.ge.
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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 the same time period, Georgian banks lent 30.75 billion GEL ($10.34 bln/€9.38 bln), which was a 2.11 per cent increase compared to the previous month.
Current tendencies of bank deposits and loans
In October, the sum of term deposits increased by 508.92 million GEL ($171.05 mln/155.3 mln), while demand deposits, which allow for flexible withdrawal, increased by 182.99 million GEL ($61.5 mln/€55.84 mln).
Loans taken out in Georgian lari increased by 204.79 million GEL ($68.83 mln/€62.49 mln), while loans denominated in foreign currencies increased by 430.47 million GEL ($144.68 mln/€131.36 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 46.3 billion GEL ($15.56 bln/€14.13 bln) which is a 1.2 per cent increase compared to the previous month.