Home / Banking / The Total Volume of Deposits Reached 13 698.3 mln GEL
deposits

The Total Volume of Deposits Reached 13 698.3 mln GEL

In 2015, the total volume of deposits (excluding interbank deps) recorded 13 698.3 mln. GEL, which exceeds by 24.8 % the corresponding indicator in 2014.

The volume of the deposits denominated in national currency increased by 10.1%. The volume of the deposits denominated in foreign currency in USD increased by 5.6 %, while in GEL – by 34.1 %. This difference is due to the fluctuation of the foreign exchange rate.

In June 2015, the average interest rate on the deposits denominated in the foreign currency is 4.5 %, which is lower (-0.8 % points) than the indicator of June 2014. In this period, the average interest rate on the deposits denominated in the national currency also decreased (-0.8% point) and equals to 7.7 %, but after tightening the monetary politics, it’s expected the average interest rate on the deposits denominated in the national currency to increase.

1 1

Article was prepared by PMCG