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National Bank reveals volume of money deposited in Georgian banks

Finance Materials 26 February 2021 09:44
National Bank reveals volume of money deposited in Georgian banks

BAKU, Azerbaijan, Feb.26

By Tamilla Mammadova – Trend:

About 34.88 billion lari ($10.5 billion) was deposited in Georgian banks in January 2021, Trend reports via National Bank of Georgia (NBG).

As reported, this indicator makes for a 0.72 percent percent month-on-month increase.

In the same time period, Georgian banks lent 38.17 billion lari ($11.5 billion), which was 0.13 percent less, compared to the previous month.

In January, the sum of term deposits increased by 3.88 percent, while demand deposits, which allow for flexible withdrawal, increased by 2.04 percent.

Loans taken out in Georgian lari decreased by 0.53 percent while loans denominated in foreign currencies increased by 0.19 percent.

There are 15 commercial banks in Georgia, including 14 foreign-owned banks and one branch of non-resident banks.

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