Jan 2021: 34.6 bln GEL deposited, 38.2 bln GEL lent
The amount of deposits increased by 3.09% month-on-month, while loans also increased by 2.3%. Photo: Nino Alavidze/Agenda.ge.
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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 amount of deposits increased by 3.09% month-on-month, while loans also increased by 2.3%.
Last month, the sum of term deposits (deposits made for a predetermined period of time) decreased by 21.21 million GEL, while demand deposits, which allow for flexible withdrawal, increased by 1.06 billion GEL.
Loans taken out in Georgian lari increased by 676.9 million GEL, while loans denominated in foreign currencies increased by 181.77 million GEL month-on-month.
There are 15 commercial banks in Georgia, including 14 foreign-owned banks and one branch of non-resident banks.
In December 2020, compared to the previous month, the total assets of Georgian commercial banks (in current prices) increased by 966.9 million GEL, (or by 1.73%) and constituted 56.9 billion GEL.
The banking sector’s equity capital equals 5.85 billion GEL, which makes up 10.28% of the commercial banks total assets.
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 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).
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 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.
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%.
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 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%.