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Insured Deposits Exceed 1.5 billion GEL

Insured deposits at commercial banks constituted 1 251 774.70 GEL, which were paid by commercial banks in July 2018. According to Deposits Insurance Agency, as of June 39, total amount of deposits at commercial banks made up 20 419 077 133 GEL, including retail deposits of 10 842 231 644 …

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34 Percent of Deposits are in National Currency

The total volume of non-bank deposits in the country’s banking sector decreased by 0.7 percent (exchange rate effect excluded volume of deposits increased by 2.5 percent), or by 141.5 million GEL, compared to December 1, 2017 and constituted 19.8 billion GEL by January 1, 2018. In December, the volume of …

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Commercial Banks Lower Deposits Interest Rate

Commercial Banks Lower Deposits Interest Rate

Key players on the retail deposits market have lowered deposits interest rates. TBC Bank and Bank of Georgia with 75% ratio on the market (4.4+3.7 billion) have reduced the annual interest rate to 9.4%. Liberty Bank (1.03 billion) cut the rate to 9% on Patriot deposit, while annual interest rate …

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Current Tendencies Of Bank Deposits

The total volume of non-bank deposits in the country’s banking sector increased by 5.0 percent (exchange rate effect excluded volume of deposits increased by 4.2 percent), or by 840.7 million GEL, compared to August 1, 2017 and reached 17.8 billion GEL by September 1, 2017. In August, the volume of …

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Banking Sector’s Deposits Portfolio Grows in July

Banking Sector's Deposits Portfolio Grows in July

In July 2017 deposits portfolio has increased in the Georgian banking sector by 0.6% month on month (June +2.8%: May – 1.1%; April +0.8% month on month; March (-3.1%)). According to National Bank’s statistics, as of August 1 (01.08.2017), retail and corporate deposits constituted 16.9bln USD (current, demand and term …

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Deposits at Commercial Banks Totaled 16.8 billion GEL

Deposits at Commercial Banks Totaled 16.8 billion GEL

Georgian bank sector’s deposits portfolio rose in June, up 2.8% month on month (May +1.1%; April +0.8% month on month; March – 3.1%). As of July 1 (H1/2017), total value of retail and corporate deposits account for 16.8 billion GEL. Two commercial banks store 71.5% of total deposits  (01.06.2017 -71.6%: …

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Basisbank Profits Grew in February

Basisbank Profits Grew in February

Basisbank profits constituted 4.212 million GEL as of March 1. The figure put the bank on the sixth position with a 3% ratio among 12 profitable banks (3.429 million GEL as of March 1, 2016; 8%). The Bank finished the January to February period with a high index of profitability. …

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Current Tendencies Of Bank Deposits

The total volume of non-bank deposits in the country’s banking sector decreased by 2.4 percent (exchange rate effect excluded volume of deposits increased by 1.6 percent), or by 346.3 million GEL, compared to September 1, 2016 and constituted 14.9 billion GEL by October 1, 2016. In September, the volume of …

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Deposits Placed in the Banking Sector are Reduced by 235 Mln

Deposits Placed in the Banking Sector are Reduced by 235 Mln

The volume of deposits is diminished to the banking sector. As of September 1, the deposit volume totals to 14, 6 billion GEL (-1,6% m-o-m) at the expense of demand deposit decline. Term deposits are grown by 5.2 million GEL, demand deposits are reduced by 240 million GEL. According to NBG, larization …

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Deposits Yield Drops to Historical Bottom

Deposits Yield Drops to Historical Bottom

Deposits yield has dropped to historical minimum. The interest rate has even zeroed on currency demand deposit. Liberty Bank provides highest yield on GEL- and USD-denominated deposits with 1-year maturity period.     GEL USD-EUR 1 Liberty Bank 10,5% 4%●1,5% 2 Bank Republic 9,5% 3,5%●1% 3 Bank of Georgia 8,0% …

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TOP-3 Commercial Banks in terms of Deposits Placement

TOP-3 Commercial Banks in terms of Deposits Placement

70% of retail and corporate deposits have been placed at three commercial banks and total portfolio exceeds 1 billion USD. A major part of retail and corporate depositors show trust to TBC Bank and Bank of Georgia.     01.09.16 01.08.16 1 Bank of Georgia 4 680 119 4 782 …

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Current Tendencies Of Bank Deposits

Bank-Deposits

The total volume of non-bank deposits in the country’s banking sector increased by 3.1 percent (exchange rate effect excluded volume of deposits increased by 3.0 percent), or by 448.9 million GEL, compared to July 1, 2016 and constituted 14.8 billion GEL by August 1, 2016. In July, the volume of …

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