Feb 2020: 26.52 billion GEL deposited, 31.63 billion GEL lent
The amount of deposits increased by 0.17% month-on-month, while loans decreased by 0.92%. Photo: Nino Alavidze/Agenda.ge.
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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).
The amount of deposits increased by 0.17% month-on-month, while loans decreased by 0.92%.
Last month, the sum of term deposits (deposits made for a predetermined period of time) increased by 329.78 million GEL (about $101m/€93.40m), while demand deposits, which allow for flexible withdrawal, decreased by 284.79 million GEL (about $0.45b/€0.40b).
Loans taken out in Georgian lari increased by 124.34 million GEL (about $87.23m/€80.66m), while loans denominated in foreign currencies decreased by 418.74 million GEL (about $128.25m/€118.60m) month-on-month.
There are 15 commercial banks in Georgia, including 14 foreign-owned banks and one branch of non-resident banks.
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).
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 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).
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.
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).