February data: $19.35 bln loaned, $18.71 bln deposited by banks in Georgia
Commercial banks in Georgia loaned ₾52.24 billion ($19.35bln) and received deposits of ₾50.50 billion ($18.71bln) in February. Photo: Nino Alavidze/Agenda.ge
Tweet 
Share
Commercial banks in Georgia loaned ₾52.24 billion ($19.35bln) and received deposits of ₾50.50 billion ($18.71bln) in February, the latest data from the National Bank of Georgia shows.
The volume of loans increased by 0.68 percent compared to the previous month, while the number of deposits decreased by 0.36 percent month-on-month.
Last month, the volume of term deposits decreased by 0.96 percent, while on-demand deposits increased by 0.07 percent, the NBG also said.
Loans taken out in the national currency increased by 1.40 percent, while the volume of loans in foreign currency decreased by 0.21 percent.
Remittances to Georgia from abroad hit $272.3 million in February, of which $105.62 million came from European Union member countries, the National Bank said on Friday.
The National Bank of Georgia on Monday published an analysis of the current situation and macroeconomic parameters in the country's banking and financial sectors, reviewing inflation, deposits and loans with dollarisation share in the portfolio and foreign sector.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Wednesday said the institution was expecting stability “in all segments” of the domestic financial system, including in the foreign exchange market, following a “historic” strengthening of the national currency, the lari.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Wednesday presented draft documents for the main directions of its monetary and exchange rate policies for 2024-2026 at the Parliament.