28.Dec .2021 14:00

Assets Of Georgian Commercial Banks Reached 59.5 BLN

Assets Of Georgian Commercial Banks Reached 59.5 BLN
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As of December 1 2021, the total assets of Georgian commercial banks constituted 59.53 billion GEL (exchange rate effect excluded above-mentioned indicator increased by 2%). In November 2021, compared to the previous month, the total assets of Georgian commercial banks (in current prices) decreased by 79.58 million GEL, (or by 0.13%), - show the data from the National Bank of Georgia.

As for the deposits, bank deposits in the country′ s banking sector decreased by 1.67% or by 605.99 million GEL (exchange rate effect excluded volume of deposits increased by 0.08%), compared to November 1, 2021 and constituted 35.75 billion GEL by December 1, 2021.
“In November, the volume of term deposits decreased by 398.39 million GEL (by 2.53%; exchange rate effect excluded volume of term deposits decreased by 0.94%). Demand deposits decreased by 207.60 million GEL (by 1.01%; exchange rate effect excluded volume of demand deposits increased 0.86%).

The larization ratio of total non-bank deposits constituted 39.50% by December 1, 2021 and increased by 0.29 percentage point (exchange rate effect excluded decreased by 0.40 percentage point) compared to November 1, 2021”, - document reads.

As for the loans, the volume of loans issued by commercial banks (excluding interbank loans) in November 2021 decreased by 291.93 million GEL or by 0.70% compared to the previous month (exchange rate effect excluded, increased by 1.20%) and constituted 41.40 billion GEL by December 1, 2021.

“The volume of loans in national currency increased by 279.90 million GEL (1.39%) and the volume of loans in foreign currency decreased by 571.83 million GEL or by 2.66% in the same period (exchange rate effect excluded, increased by 1.03%).

By the end of November 2021, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 6.58 billion GEL (0.37% more compared to the previous month), and foreign currency denominated loans constituted 13.08 billion GEL (2.97% less; exchange rate effect excluded volume of lending in foreign currency increased by 0.72%).

During November 2021, the volume of lending to resident household sector increased by 0.40% or 83.58 million GEL, and constituted 20.88 billion GEL by December 1, 2021.

Larization ratio for total loans constituted 49.43 percent by December 1, 2021 and increased by 1.02 percentage point (exchange rate effect excluded, increased by 0.09 percentage point), compared to November 1, 2021”, - the document notes.