Jan 2019: 22.6 billion GEL deposited, 26.4 billion GEL lent
There are 15 commercial banks in Georgia, including 14 foreign-owned banks and one branch of non-resident banks. Photo: Nino Alavidze/Agenda.ge.
Tweet 
Share
About 22.6 billion GEL (about $8.48b/€7.47b) was deposited in Georgian banks in January 2019, making for a 2% month-on-month decrease.
In the same time periods, Georgian banks lent 26.4 billion GEL (about $8.41b/€7.40b), which was 0.6% less 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) increased by 171.3 million GEL (about $64.28m/€56.59m), while demand deposits, which allow for flexible withdrawal, decreased by 622 million GEL (about $233.40m/€205.47m).
Loans taken out in Georgian lari decreased by 118.7 million GEL (about $44.54m/€39.21m), while loans denominated in foreign currencies also decreased by 51.5 million GEL (about $19.32m/€17.01m) month-on-month.
There are 15 commercial banks in Georgia, including 14 foreign-owned banks and one branch of non-resident banks.