Volume of Georgian commercial banks’ deposits reaches over 9 bln laris

Georgia Materials 25 November 2013 21:35 (UTC +04:00)

Tbilisi, Georgia, Nov. 25

By Nana Kirtzkhalia - Trend: As of November 1, 2013 the volume of deposits of Georgian commercial banks reached 9.1 billion lari ($1=1.67 lari), which is 138.5 million or 1.5 per cent more than in the previous month, National Bank of Georgia told Trend on Nov. 25.

Compared to the previous month an increase at 88.8 million laris or 2.2 per cent was observed in demand deposits in October. Fixed time deposits also increased by 49.7 million laris, or one per cent.

Dollarization ratio of deposits was 59.34 per cent, or 1.07 per cent less than on October 1.

The weighted average interest rate on fixed (time) deposits amounted to six per cent, as well as on the deposits in national currency amounted to 8.8 per cent, and in foreign currency - to 5.1 per cent.

The dollar's share in deposits in foreign currency amounted to 80.5 per cent, and euro to 16.9 per cent.