February 2021: 36.02 bln GEL deposited, 38.43 bln GEL lent
Last month, the sum of term deposits increased by 339.60 million GEL, while demand deposits, which allow for flexible withdrawal, increased by 804.51 million GEL. Photo: Nino Alavidze/Agenda.ge.
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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%.
Last month, the sum of term deposits (deposits made for a predetermined period of time) increased by 339.60 million GEL, while demand deposits, which allow for flexible withdrawal, increased by 804.51 million GEL.
Loans taken out in Georgian lari increased by 186.87 million GEL, while loans denominated in foreign currencies increased by 71.69 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 February 2021, compared to the previous month, the total assets of Georgian commercial banks (in current prices) increased by 904.05 million GEL, (or by 1.6%) and constituted 57.31 billion GEL.
The banking sector’s equity capital equals 6.1 billion GEL, which makes up 10.64% of the commercial banks total assets.