BAKU, Azerbaijan, Feb.1
By Tamilla Mammadova – Trend:
The balance of refinancing loans issued by the National Bank of Georgia to commercial banks increased by 240 million lari ($72.8 million) in December 2020 compared to the previous month and amounted to 2.15 billion lari ($652.9 million), Trend reports via the National Bank of Georgia (NBG).
The one-month loan did not change and amounted to 400 million lari ($121.4 million), while the overnight loan decreased by 330.7 million lari ($100.4 million).
The balance of the SME liquidity support loan increased by 133 million lari ($40.3 million). The banks' net debt in the reporting period increased by 62.2 million lari ($18.8 million) and at the end of the period amounted to 3.15 billion lari ($956.6 million).
Funds on state deposits decreased by 154.1 million lari ($46.8 million) in December to 1.45 billion lari ($440.3 million) at the end of the period.
According to the document, during the reporting period, 20 million lari ($6.07 million) were placed and 40 million lari ($12.1 million) certificates of deposit were redeemed.
The share of non-residents on the Georgian securities market exceeds 11 percent. Foreign companies show great interest in Georgian securities, therefore, experts consider interest rates high.
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