According to a report published by the National Bank of Georgia, the volume of deposits in Georgian banking sector has increased over the past month.
The deposit portfolio for June 1 amounted to 28.22 billion GEL, which was 636.68 million GEL or 2.31% more comparing to May 1 (more by 2.62% without the effect of the exchange rate).
In May, term-deposits increased by 490.18 million GEL, or 3.92% in May comparing to the previous month, while the volume of demand deposits increased by 146.50 million GEL, or 0.97%.
Larization rate of the deposits has made up 35.92 percent as of June 1. Compared to the situation on May 1, the larization of deposits increased by 1.57 percentage points (excluding the exchange rate effect, increased by 1.46 percentage points).
In May, the average weighted annual market interest rate on overdue deposits has made up 7.02%, including 9.53% on deposits placed in national currency and 2.93% on foreign currency deposits.
The share of deposits in the US dollar has totaled to 84.34%, while the share of the deposits placed in EUR has totaled to 14.33%, "- the report published by the National Bank reads.
See all the news
Turkey to open doors to 31 countries for health tourism
Statement by Andrius Kubilius on the EU assistance for Georgia
Wine sales have increased 5 times in the UK - Georgian-British startup
S&P: Georgia Heads Toward Recession
Coronavirus: Boris Johnson moved to intensive care
First-Stage Land Usage Permit for APM Terminals Poti
How will Nenskra HPP Reduce the Electricity Import?
Carrefour: The product will be on the shelves with the prices same as before
Differences between tobacco and nicotine products
OECD cuts 2020 global growth forecast over virus
Georgia to export new armored vehicle Didgori Meomari
"Hotels are in shock, reservations are canceled" - Shalva Alaverdashvili
Georgian brand Entrée enters the UK market and opens its first facility in London
The first Swiss-Georgian VET college will soon be open in Dmanisi
Frontera claims that Georgian government has started harassing the company since 2013
Company HotelFriend offers convenient eComerce platform to Georgian Touroperators
Will the head of "Anaklia Deepwater Port Development Agency" be replaced?
TOP-10 Exporter Companies from Georgia to Russia
TBC Bank Group announces certain changes to the composition of the Management Board
Silknet signed Memorandum of Understanding with Global Communications Company One Web