March 2021: 36.03 bln GEL deposited, 37.94 bln GEL lent
The amount of deposits increased by 0.03% month-on-month, while loans decreased by 1.27%. Photo: Nino Alavidze/Agenda.ge.
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Commercial banks in Georgia lent 37.94 billion GEL and received deposits of 36.03 billion GEL in March 2021, show the latest data by the National Bank of Georgia (NBG).
The amount of deposits increased by 0.03% month-on-month, while loans decreased by 1.27%.
Last month, the sum of term deposits (deposits made for a predetermined period of time) decreased by 3.13%, while demand deposits, which allow for flexible withdrawal, increased by 2.88%.
Loans taken out in Georgian lari decreased by 3.93%, while loans denominated in foreign currencies increased by 0.85% month-on-month.
There are 15 commercial banks in Georgia, including 14 foreign-owned banks and one branch of non-resident banks.
In March 2021, compared to the previous month, the total assets of Georgian commercial banks (in current prices) increased by 848.44 million GEL, (or by 1.5%) and constituted 58.15 billion GEL.
The banking sector’s equity capital equals 6.26 billion GEL, which makes up 10.76% of the commercial banks total assets.
There were 193 pawn shops (without branches) operating last year in Georgia of which 46.1% were located in the capital city of Tbilisi, says the National Statistics Office of Georgia (Geostat). The volume of cash assets in pawnshops at the end of 2020 equalled 14.3 million GEL, of which 83.6% was in national currency and 16.4% in foreign currency.
Commercial banks in Georgia lent 38.43 billion GEL and received deposits of 36.02 billion GEL in February 2021, show the latest data by the National Bank of Georgia (NBG). The amount of deposits increased by 3.28% month-on-month, while loans also increased by 0.68%.
Commercial banks in Georgia lent 38.2 billion GEL and received deposits of 34.6 billion GEL in January 2021, 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.
The government of Georgia has taken on internal debt of 35 million GEL as a result of the sale of 5-year securities, announces the National Bank of Georgia.
The National Bank of Georgia (NBG) has increased the refinancing rate by one percentage point to 9.50% as a result of which loans for about 125,000 borrowers will increase by one per cent, says the non-government organisation Society and Banks.
Commercial banks in Georgia lent 39.53 billion GEL and received deposits of 35.41 billion GEL in May 2021, show the latest data by the National Bank of Georgia (NBG). The amount of deposits decreased by 0.59% month-on-month, while loans decreased by 1.54%.