28.Dec .2021 11:30

Bank Deposits Down By 1.67% In November

Bank Deposits Down By 1.67% In November
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The total volume of non-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, - show the data from the National Bank of Georgia (NBG).

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.

The market interest rate on term deposits constituted 5.35%. In particular, the market interest rate for national currency denominated deposits was 10.71% and the market interest rate for foreign currency denominated deposits was 0.82%.

The share of the US dollar in the total volume of foreign currency denominated deposits equals 83.17% and the share of the Euro equals 15.41%.