February 2023: $17.27 bln loaned, $16.95 bln deposited by banks in Georgia
Commercial banks in Georgia loaned ₾44.45 billion ($17.27bln) and received deposits of ₾43.61 billion ($16.94 bln) in February 2023. Photo: Nino Alavidze/Agenda.ge
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Commercial banks in Georgia loaned ₾44.45 billion ($17.27bln) and received deposits of ₾43.61 billion ($16.94 bln) in February 2023, the latest data from the National Bank of Georgia shows.
The volume of loans decreased by 0.02 percent compared to the previous month, while the number of deposits also decreased by 0.08 percent month-on-month.
Last month, the volume of term deposits increased by 0.23 percent, while on-demand deposits decreased by 0.28 percent, the NBG also said.
Loans taken out in the national currency increased by 0.59 percent while the volume of loans in foreign currencies decreased by 0.77 percent.
In other figures, the total assets of Georgian commercial banks increased by 0.06 percent and constituted ₾67.8 billion ($26.33 bln).
There were 15 commercial banks in Georgia - 13 of them foreign-owned entities - as of the end of February 2023.
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.
The database of the Credit Information Bureau, a body providing banks and other financial organisations across Georgia with information about financial and credit circumstances of customers, will expand its database to include information on money remittances from abroad, the National Bank of Georgia said on Wednesday.
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.
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.
The gross external debt of Georgia increased by $1.4 billion during the fourth quarter of 2022 and stood at $23.5 billion at the end of the year, the National Bank said in its latest update of national debt statistics on Friday.
Georgian recipients received ₾1134.4 million ($438.4 mln) in remittances from abroad in March, marking a 127.1 percent increase year-on-year, the latest data from the National Bank of Georgia shows.
Commercial banks in Georgia loaned ₾44.87 billion ($17.9 bln) and received deposits of ₾43.34 billion ($17.3 bln) in March, the latest data from the National Bank of Georgia shows.
Commercial banks in Georgia loaned ₾44.77 billion ($17.3 bln) and received deposits of ₾43.09 billion ($16.7 bln) in April 2023, the latest data from the National Bank of Georgia shows.