NEWS

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.

Agenda.ge, 26 Apr 2021 - 15:13, Tbilisi,Georgia

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.

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