Leading commercial banks have raised interest rates on GEL-denominated deposits, but lowered the rate on foreign currency denominated deposits.
Currently, yield on GEL-denominated retail deposits accounts for 9.8%; foreign currency denominated retail deposits – 2.9% (01.01.2016: 9%; 3.4%)
According to the national bank statistics, for legal bodies, annual interest rate on GEL-denominated deposits accounts for 7.3% (current, demand term deposits), while in foreign currency denominated deposits the figure makes up 3% (01.01.2016 8%; 3%).
Top interest rate on one-year deposit makes up 11.5%.
|3||Bank of Georgia||10%||3,0%●1.5%|