Aug 2020: 30.93 billion GEL deposited, 34.49 billion GEL lent
Loans taken out in Georgian lari increased 1.30 per cent while loans denominated in foreign currencies decreased 0.98 per cent. Photo: Nino Alavidze/Agenda.ge.
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About 30.93 billion GEL was deposited in Georgian banks in August 2020, making for a 1.29 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 34.49 billion GEL, which was 0.01 per cent decrease compared to the previous month.
In August, the sum of term deposits increased 4.04 per cent, while demand deposits, which allow for flexible withdrawal, decreased 1.03 per cent.
Loans taken out in Georgian lari increased 1.30 per cent while loans denominated in foreign currencies decreased 0.98 per cent.
There are 15 commercial banks in Georgia, including 14 foreign-owned banks and one branch of non-resident banks.
In August 2020, compared to the previous month, the total assets of Georgian commercial banks (in current prices) decreased 0.39 per cent.
The banking sector’s equity capital equals 5.38 billion GEL, which makes up 10.55 per cent of the commercial banks total assets.
About 30.54 billion GEL ($9.92 bln/€8.38 bln) was deposited in Georgian banks in July 2020, making for a 6.16 per cent month-on-month increase, show the latest data by the National Bank of Georgia (NBG).
Commercial banks in Georgia lent 33.80 billion GEL and received deposits of 28.77 billion GEL in June 2020, show the latest data by the National Bank of Georgia (NBG).
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.
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.
About 32.84 billion GEL was deposited in Georgian banks in September 2020, making for a 6.19 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 36.38 billion GEL, which was 5.49 per cent increase compared to the previous month.
About 32.28 billion GEL was deposited in Georgian banks in October 2020, making for a 1.71 per cent month-on-month decrease, show the latest data by the National Bank of Georgia (NBG).
About 33.59 billion GEL was deposited in Georgian banks in November 2020, making for a 4.05 per cent month-on-month increase, show the latest data by the National Bank of Georgia (NBG).
The net profit of Georgian commercial banks amounted to 99.26 mln GEL in 2020 which is 89.6 per cent decrease compared to last year when net profit amounted to 953.63 million GEL, show data from the National Bank of Georgia.
About 34.88 billion GEL was deposited in Georgian banks in January 2021, making for a 0.72% per cent month-on-month increase, show the latest data by the National Bank of Georgia (NBG).