The National Bank of Georgia publishes interactive press releases about current tendencies of resident commercial banks loan portfolio and deposits as of June 2021.
Current Condition of Commercial Banks Loan Portfolio
The volume of loans issued by commercial banks (excluding interbank loans) in June 2021 decreased by 318.79 million GEL or by 0.81% compared to the previous month (exchange rate effect excluded, increased by 1.71%) and constituted 39.21 billion GEL by July 1, 2021. The volume of loans in national currency increased by 464.05 million GEL (2.57%) and the volume of loans in foreign currency decreased by 782.84 million GEL or by 3.64% in the same period (exchange rate effect excluded, increased by 0.99%).
By the end of June 2021, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 5.89 billion GEL (2.83% more compared to the previous month), and foreign currency denominated loans constituted 12.92 billion GEL (4.10% less; exchange rate effect excluded volume of lending in foreign currency increased by 0.52%).
During June 2021, the volume of lending to resident household sector increased by 0.13% or 25.28 million GEL, and constituted 19.59 billion GEL by July 1, 2021.
Larization ratio for total loans constituted 47.18 percent by July 1, 2021 and increased by 1.55 percentage point (exchange rate effect excluded, increased by 0.39 percentage point), compared to June 1, 2021.
Current Tendencies of Bank Deposits
The total volume of non-bank deposits in the country′ s banking sector decreased by 2.51% or by 887.45 million GEL (exchange rate effect excluded volume of deposits decreased by 0.10%), compared to June 1, 2021 and constituted 34.53 billion GEL by July 1, 2021.
In June, the volume of term deposits decreased by 746.45 million GEL (by 4.44%; exchange rate effect excluded volume of term deposits decreased by 2.19%). Demand deposits decreased by 141.01 million GEL (by 0.76%; exchange rate effect excluded volume of demand deposits increased 1.79%).
The larization ratio of total non-bank deposits constituted 39.98% by July 1, 2021 and increased by 0.70 percentage point (exchange rate effect excluded decreased by 0.26 percentage point) compared to June 1, 2021.
The market interest rate on term deposits constituted 7.05%. In particular, the market interest rate for national currency denominated deposits was 9.96% and the market interest rate for foreign currency denominated deposits was 1.21%.
The share of the US dollar in the total volume of foreign currency denominated deposits equals 84.00% and the share of the Euro equals 14.63%.