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Tag Archives: NBG

Current Condition Of Commercial Banks’ Loan Portfolio

The volume of lending by commercial banks (including loans to non-residents) in September 2016 increased by 74.0 million GEL or by 0.5 percent compared to the previous month and constituted 16.5 billion GEL by September 1, 2016 (exchange rate effect excluded it decreased by 0.2 percent). The volume of loans …

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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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Bloomberg: Central Banker Sees Georgia Turning Corner on Dollarization

koba-gvenetadze

Georgia is getting closer to reducing dollarization and building a more stable role for the national currency as the economy recovers from regional shocks, the Black Sea nation’s central bank governor said. Dollarization, the widespread use of dollars for transactions that’s a legacy of hyperinflation and bank failures in Georgia, is declining …

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International Currency Reserves Decline by 30.2 million USD

currency, international reserves

In September 2016 Georgia’s official international reserves have declined by 30.2 million USD (-1.0%) compared to August 2016, but increased by 393.9 million USD (+16%) year on year and totaled 2.86 billion USD, the National Bank of Georgia (NBG) reports. Currency interventions have made influence on monthly declination of reserves, …

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What is Monetary Policy?

Money Euro Mortgage Loan

Monetary policy consists of the actions of a central bank, currency board or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates. Monetary policy is maintained through actions such as modifying the interest rate, buying or selling government …

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Central Bank Sells USD 40 Million

National Bank of Georgia (NBG) sold USD 40 million at a foreign currency auction on September 27 to support national currency lari (GEL). It was NBG’s second intervention in less than a week and the third one in a month, selling in those two previous occasions USD 20 million each …

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What is Currency Intervention Volume and Why NBG Doubles it?

The National Bank of Georgia (NBG) has doubled currency intervention volume and sold 40 million USD at currency auctions. The averaged weighed exchange rate made up 2.3264 GEL against USD. Having sold 20 million USD and extracted 46 million GEL from the market (20×2.3177), the NBG has provoked the GEL …

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