June bank statistics show $18.244 bln loaned, $18.036 deposited
There were 15 commercial banks - 13 of them foreign-owned entities - operating in the country as of the end of June. Photo: Nino Alavidze/Agenda.ge
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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.
The volume of loans increased by 3.50 percent compared to the previous month, while the number of deposits increased by 2.88 percent month-on-month.
In June, the volume of term deposits decreased by 0.01 percent, while on-demand deposits increased by 4.74 percent, the NBG also said.
Loans taken out in the national currency amounted to ₾7.63 billion ($2.941 bln), while loans in foreign currencies constituted ₾13.17 billion ($5.076 bln).
In other figures, the total assets of Georgian commercial banks increased by 3.2 percent and constituted ₾69.9 billion ($26,944 bln).
There were 15 commercial banks - 13 of them foreign-owned entities - operating in the country as of the end of June.
The current and future economic projects, as well as positive indicators of economic growth in the country, were discussed on Saturday by the Georgian Government’s Economic Council, led by Prime Minister Irakli Garibashvili.
The Georgian economy grew 7.5 percent in April and 7.3 percent in the first four months of 2023, data published by the National Statistics Office of Georgia on Wednesday 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.
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.
The National Bank of Georgia on Wednesday decreased the refinancing rate by 0.25 percentage points to 10.25 percent after monitoring developments in the domestic economy and financial markets.
Commercial banks in Georgia loaned ₾47.79 billion ($18.138 bln) and received deposits of ₾47.78 billion ($18.134 bln) in July, the latest data from the National Bank of Georgia shows.
Commercial banks in Georgia loaned ₾48.02 billion ($17,855 bln) and received deposits of ₾48.06 billion ($17,870 bln) in August, the latest data from the National Bank of Georgia shows.
Georgia received $283.9 million remittances from abroad in September, with the figure marking a 26.7 percent decrease compared to the same month in 2022, the National Bank of Georgia said on Monday.