Non-bank Deposits Decreased by 450.6 million GEL

The total volume of non-bank deposits in the country’s banking sector decreased by 2.0 percent (exchange rate effect excluded volume of deposits decreased by 1.5 percent), or by 450.6 million GEL, compared to January 1, 2019 and constituted 22.6 billion GEL by February 1, 2019.

In January, the volume of term deposits increased by 171.3 million GEL (1.3 percent; exchange rate effect excluded volume of term deposits increased by 1.8 percent). Demand deposits decreased by 622.0 million GEL (6.4 percent; exchange rate effect excluded volume of demand deposits decreased by 6.0 percent).

The larization ratio of total non-bank deposits constituted 37.54 percent by February 1, 2019 and increased by 0.64 percentage point (exchange rate effect excluded by 0.45 percentage point) compared to January 1, 2019. The annual average weighted interest rate on term deposits constituted 5.9 percent.

In particular, the interest rate for national currency denominated deposits was 7.7 percent and the interest rate for foreign currency denominated deposits – 2.8 percent. The share of the US dollar in the total volume of foreign currency denominated deposits equals 82.9 percent and the share of the Euro equals 15.6 percent.

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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
01

Economy

Non-bank Deposits Decreased by 450.6 million GEL

The total volume of non-bank deposits in the country’s banking sector decreased by 2.0 percent (exchange rate effect excluded volume of deposits decreased by 1.5 percent), or by 450.6 million GEL, compared to January 1, 2019 and constituted 22.6 billion GEL by February 1, 2019.

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

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Non-bank Deposits Decreased by 450.6 million GEL

The total volume of non-bank deposits in the country’s banking sector decreased by 2.0 percent (exchange rate effect excluded volume of deposits decreased by 1.5 percent), or by 450.6 million GEL, compared to January 1, 2019 and constituted 22.6 billion GEL by February 1, 2019.

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