March bank statistics show $17.9 bln loaned, $17.3 deposited
Loans taken out in the national currency amounted to ₾7.39 billion ($2.95 bln), while loans in foreign currencies constituted ₾12.46 billion ($4.98 bln). Photo: Nino Alavidze/Agenda.ge
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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.
The volume of loans increased by 0.93 percent compared to the previous month, while the number of deposits decreased by 0.62 percent month-on-month.
Last month, the volume of term deposits increased by 0.44 percent, while on-demand deposits decreased by 1.28 percent, the NBG also said.
Loans taken out in the national currency amounted to ₾7.39 billion ($2.95 bln), while loans in foreign currencies constituted ₾12.46 billion ($4.98 bln).
In other figures, the total assets of Georgian commercial banks decreased by 0.67 percent and constituted ₾451.4 million ($180.5 mln).
There were 15 commercial banks - 13 of them foreign-owned entities - operating in the country as of the end of March.
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 Georgian economy grew 5.8 percent in February and 7.1 percent in the first two months of 2023, data published by the National Statistics Office of Georgia on Friday shows.
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 downward trend of inflation in the Georgian economy will continue in case of absence of further shocks, Archil Mestvirishvili, the Vice President of the National Bank of Georgia, said on Wednesday.
Commercial banks in Georgia loaned ₾47.33 billion ($18.244 bln) and received deposits of ₾46.79 billion ($18.036 bln) in June, the latest data from the National Bank of Georgia shows.