Volume of bank deposits decreases in Georgia in January
Georgia, Tbilisi, Feb.28/ Trend, N. Kirtskhalia /
As of Feb.1, total volume of deposits in Georgia's commercial banks (including current accounts of non-financial and households' sectors, as well as payable interest) decreased by 1.6 percent or 76.8 million lari and amounted to 4.8 billion lari compared to the same period of 2010, National Bank of Georgia told Trend on Monday.
According to information, in January, compared to the previous month, the volume of transferable deposits of non-financial and households' sectors decreased by 120.5 million lari (5.9 percent) and term deposits of same sectors increased by 39.5 million lari (1.4 percent).
The annual average weighted interest rate on term deposits constituted 8.2 percent, including deposits in the national currency - 11 percent, foreign currency - 7.6 percent.