Deposits at Commercial Banks Grow to 25.3 Billion GEL, Larization Hits 36%

According to the National Bank of Georgia (NBG), volume of nonbank deposits in the banking sector made up 25 340 000 000 GEL as of September 1, 2019, up 344 900 000 GEL (+1.38%), compared to August 1, 2019 (without exchange rate effect, up 1.58%).

According to the NBG information, in August, compared to the previous month, term deposits rose by 1.36% (up 142 500 000 GEL), whilst demand deposits rose by 202 400 000 GEL, up 1.39% (up 1.60%, without exchange rate effect).

The deposits Larization coefficient made up 36.42% as of September 1, 2019. Deposits Larization declined by 0.30% as compared to August 1, 2019 (down 0.37% without exchange rate effect).

The average annual weighed market exchange rate on term deposits made up 5.25%, including 7.45% on GEL-denominated deposits and 2.89% on foreign currency denominated deposits.

The ratio of USD-denominated deposits in all foreign currency denominated deposits made up 84.91% and the EUR-denominated deposits’ ratio made up 13.51%.

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Economy

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
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Economy

Deposits at Commercial Banks Grow to 25.3 Billion GEL, Larization Hits 36%

According to the National Bank of Georgia (NBG), volume of nonbank deposits in the banking sector made up 25 340 000 000 GEL as of September 1, 2019, up 344 900 000 GEL (+1.38%), compared to August 1, 2019 (without exchange rate effect, up 1.58%).

Last 7 Days Hot Topic

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
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Georgia Sees Surge in Electric Vehicle Registrations
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Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
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Georgian Parliament Passes Draft Law on Transparency of Foreign Influence in First Reading
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Deposits at Commercial Banks Grow to 25.3 Billion GEL, Larization Hits 36%

According to the National Bank of Georgia (NBG), volume of nonbank deposits in the banking sector made up 25 340 000 000 GEL as of September 1, 2019, up 344 900 000 GEL (+1.38%), compared to August 1, 2019 (without exchange rate effect, up 1.58%).

Last 7 Days Hot Topic

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 03

Georgia Sees Surge in Electric Vehicle Registrations 04

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 05

Georgian Parliament Passes Draft Law on Transparency of Foreign Influence in First Reading 06

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
03

Georgia Sees Surge in Electric Vehicle Registrations
04

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
05

Georgian Parliament Passes Draft Law on Transparency of Foreign Influence in First Reading
06