January 2023: $16.9 bln loaned, $16.5 bln deposited by banks in Georgia
Last month, the volume of term deposits increased by 2.84 percent, while on-demand deposits decreased by 3.97 percent, the NBG said. Photo: Nino Alavidze/Agenda.ge
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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 volume of loans decreased by 0.71 percent compared to the previous month, while the number of deposits increased by 2.84 percent month-on-month.
Last month, the volume of term deposits increased by 2.84 percent, while on-demand deposits decreased by 3.97 percent, the NBG also said.
Loans taken out in the national currency amounted to ₾7.37 billion ($2.8 bln) while loans in foreign currencies constituted ₾12.37 billion ($4.7 bln).
In other figures, the total assets of Georgian commercial banks decreased by 3.7 percent and constituted ₾67.7 billion ($25.7 bln).
There were 14 commercial banks in Georgia - 13 of them foreign-owned entities - as of the end of January 2023
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.
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 ₾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.
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.
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.