April bank statistics show $17.3 bln loaned, $16.7 deposited
There were 15 commercial banks - 13 of them foreign-owned entities - operating in the country as of the end of April. Photo: Nino Alavidze/Agenda.ge
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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.
The volume of loans decreased by 0.22 percent compared to the previous month, while the number of deposits also fell by 0.56 percent month-on-month.
Last month, the volume of term deposits increased by 2.18 percent, while on-demand deposits decreased by 2.31 percent, the NBG also said.
Loans taken out in the national currency amounted to ₾7.35 billion ($2.84 bln), while loans in foreign currencies constituted ₾12.06 billion ($4.67 bln).
In other figures, the total assets of Georgian commercial banks decreased by 1.66 percent, to ₾66.2 billion ($25.66 bln).
There were 15 commercial banks - 13 of them foreign-owned entities - operating in the country as of the end of April.
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.
Archil Mestvirishvili, the Acting President and Vice President of the National Bank of Georgia, on Wednesday said evaluations of Georgia's investment environment by international rating agencies boosted investors' and foreign organisations' confidence in the domestic economy.
Turkey ($925.3 million), Russia ($848.5 million) and Azerbaijan ($500.9 million) were the top trading partners of Georgia in its total external trade turnover between January and April, preliminary data from the National Statistics office of Georgia shows.
The European Bank for Reconstruction and Development expects the economic growth in Georgia to moderate to five percent in 2023 and 5.3 percent in 2024.
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.