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Bank Sector’s Deposits Portfolio Grows, 2 Commercial Banks Control 67.4% Ratio

April saw 0.8% month on month upturn in deposits portfolio in the bank sector, after 3.1% contraction in March.

According to National Bank of Georgia (NBG), retail and corporate deposits portfolio at commercial banks accounts for 16.2 billion GEL as of May 1 (current, demand and term deposits).The portfolio rose by 133 million GEL in April (+0.8%).

In the reporting period term deposits increased by 90 million GEL (+1% month on month), while demand deposits portfolio increased by 43 million GEL.

Deposits Larization has increased, the coefficient is 31.34%  (Q1/2017 – 30.8%; +1.8% m.m). Yields have not been revised and GEL-denominated deposits yield 8.7% and foreign currency denominated deposits earn 2.8% interest rate  (Q1/2017 – 8.5%; 2.8%)67.4% of deposits are accumulated by 2 commercial banks – TBC Bank and Bank of Georgia.

01.05.2017 TBC Bank Bank of Georgia
Deposits 5 531 692 000 5 390 012 000
Including Retail Deposits 3 289 653 000 3  070 493 000