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TBC Bank is Leader in Terms of Deposits Portfolio

TBC Bank is Leader in Terms of Deposits Portfolio

Deposits portfolio has shrunk in Georgian banking sector. According to National Bank of Georgia (NBG), total volume of physical and corporate deposits marked 16.5 billion GEL as of March 1, 2017 (17.2 billion GEL as of February 1, 2017 – down 4% month on month and up 13% year on year).

In February term deposits volume declined by 509 million GEL, down 5.3 month on month.

Deposits larization coefficient rose to 29.6% (28.1% as of February 1, 2017).

67.6% of total deposits are accumulated at two commercial banks. Total ratio of these  two commercial banks in terms of retail deposits is 70.5%. TBC Bank is leader in both directions.

01.03.2017 Bank of Georgia TBC Bank
Deposits 5 334 415  000 5 821 797 000
Including retail deposits 3 031 851 000 3 373 272 000