December 2019: 26 bln GEL deposited, 32 bln GEL lent
The total assets of Georgian commercial banks amounted to 47.2 billion GEL ($16.31 bln/€14.79 bln) which is a 1.6 per cent increase compared to the previous month. Photo: Nino Alavidze/Agenda.ge.
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In December 2019, 26.26 billion GEL ($9.07 bln/€8.23 bln) was deposited in Georgian commercial banks, which is a 0.08 per cent month-on-month decrease, show the latest data by the National Bank of Georgia.
In the same time period, Georgian commercial banks lent 31.92 billion GEL ($11.03 bln/€10 bln), which is two per cent more compared to the previous month.
In December, the sum of term deposits decreased by 407.56 million GEL ($140.81 mln/€127.71 mln), while demand deposits, which allow for flexible withdrawal, increased by 386.33 million GEL ($133.47 mln/€121.05 mln).
Loans taken out in Georgian lari increased by 319.74 million GEL ($110.47 mln/€100.19 mln), while loans denominated in foreign currencies increased by 238.91 million GEL ($82.54 mln/€74.86 mln) month-on-month.
The total assets of Georgian commercial banks amounted to 47.2 billion GEL ($16.31 bln/€14.79 bln) which is a 1.6 per cent increase compared to the previous month.
In November 2019, 26.28 billion GEL ($9.16 bln/8.28 bln) was deposited in Georgian commercial banks, which is a 0.14 per cent month-on-month decrease, show the latest data by the National Bank of Georgia.
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).
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).
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).
About 26.47 billion GEL ($9.47 bln/€8.74 bln) was deposited in Georgian banks in January 2020, making for a 0.83 per cent month-on-month increase, show the latest data by the National Bank of Georgia (NBG).
Commercial banks in Georgia lent 31.63 billion GEL (about $9.69b/€8.96b) and received deposits of 26.52 billion GEL (about $8.12b/€7.51b) in February 2020, show the latest data by the National Bank of Georgia (NBG).
Commercial banks in Georgia lent 34.99 billion GEL (about $10.90b/€10.05b) and received deposits of 28.88 billion GEL (about $9b/€8.30b) in March 2020, show the latest data by the National Bank of Georgia (NBG).
Following the spread of coronavirus, credit activity has slowed significantly in Georgia and this year credit portfolio growth will shrink between 0 and 5%, announces the National Bank of Georgia.
Commercial banks in Georgia lent 34.18 billion GEL and received deposits of 28.22 billion GEL in May 2020, show the latest data by the National Bank of Georgia (NBG). The amount of deposits increased by 2.31 per cent month-on-month, while loans decreased by 0.07 per cent.