Volume of deposits in the banking sector of Georgia reached 4.6 billion
Georgia, Tbilisi, Dec. 31 / Trend N.Kirtzkhalia/
Volume of deposits placed in the Georgian banking sector (including current accounts of the business and intraeconomic sectors, term deposits and unpaid interest) by December 1 2010 amounted to 4.6 billion lari ($ 1 = 1.77 lari), which by 11.4 million or 0.2% less than the rate on November 1 this year. In November, compared to previous month, current account reductions of the business and intraeconomic sectors occurred b 7.6 million lari, or 0.9%, and the growth of term deposits by 5.4 million lari, or 0.2%.
The coefficient of dollarization of deposits by December 1, 2010 amounted to 70.8% - by 2.79 percentage points less than on November 1
The weight-average interest rate paid on deposits was 7.8%, including deposits in national currency - 9.9%, and deposits in foreign currencies - 7.5%.
Share of the U.S. dollar was 71.4% in foreign currency deposit quantity, while the euro - 18.3%.