November 2022: $15.79 bln deposited, $16.17 bln loaned by banks in Georgia
The volume of loans increased by 0.95 percent in November compared to the previous month, while the number of deposits increased by 0.72 percent month-on-month. Photo: Nino Alavidze/Agenda.ge
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Commercial banks in Georgia loaned ₾43.65 billion ($16.17bln) and received deposits of ₾42.62 billion ($15.79bln) in November 2022, the latest data from the National Bank of Georgia shows.
The volume of loans increased by 0.95 percent in November compared to the previous month, while the number of deposits increased by 0.72 percent month-on-month.
Last month, the sum of deposits made for a predetermined period of time decreased by 0.61 percent, while on-demand deposits, which allow for flexible withdrawals, increased by 1.55 percent, the NBG announced.
Loans taken out in the national currency increased by 0.84 percent, while loans denominated in foreign currency also increased by 1.10 percent.
There are 14 commercial banks in Georgia, including 13 foreign-owned entities, as of the end of November 2022. The total assets of Georgian commercial banks increased by 0.4 percent and constituted ₾67.5 billion ($25bln).
The National Bank of Georgia on Monday said it had developed a set of regulations to prevent violation of international sanctions imposed on various countries by partner states or blocs in financial transactions facilitated by domestic commercial banks.
Commercial banks in Georgia loaned ₾43.24 billion ($15.87bln) and received deposits of ₾42.31 billion ($15.53bln) in October 2022, the latest data from the National Bank of Georgia shows.
The European Bank for Reconstruction and Development on Tuesday announced it had reduced its equity stake in TBC Bank, one of the largest lenders in Georgia.
Georgia received $387.2 million from abroad in September 2022, which is 84.6% more than the amount in September 2021, the national bank of Georgia said on Monday.
The upper limit for interest rates on pension-backed loan payments is decreasing across Georgia following a campaign by the Citizens political party.
Georgian Deputy Finance Minister Mikheil Dundua on Wednesday announced interest rates on pension-backed loans would see annual reduction, in comments on Government initiatives for pensioners and socially vulnerable citizens.
Georgia received $535.3 million from abroad in December 2022, which is 133.2 percent more than the amount in December 2021, the National Bank of Georgia said on Monday.
Commercial banks in Georgia loaned ₾44.80 billion ($16.94bln) and received deposits of ₾44.31 billion ($16.76bln) in December 2022, the latest data from the National Bank of Georgia shows.
Commercial banks in Georgia loaned ₾44.47 billion ($16.9 bln) and received deposits of ₾43.64 billion ($16.5 bln) in January 2023, the latest data from the National Bank of Georgia shows.