28.Sep .2021 13:30

How Much Deposits Are Placed In The Banking Sector?

How Much Deposits Are Placed In The Banking Sector?
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The National Bank of Georgia (NBG) published a report on the current tendencies of bank deposits. According to the report, the total volume of non-bank deposits in the country′ s banking sector increased by 0.82% or by 287.82 million GEL (exchange rate effect excluded volume of deposits increased by 1.05%), compared to August 1, 2021 and constituted 35.41 billion GEL by September 1, 2021. In August, the volume of term deposits increased by 56.39 million GEL (by 0.36%; exchange rate effect excluded volume of term deposits increased by 0.56%). Demand deposits increased by 231.43 million GEL (by 1.19%; exchange rate effect excluded volume of demand deposits increased 1.45%).

The larization ratio of total non-bank deposits constituted 39.89% by September 1, 2021 and decreased by 0.10 percentage point (exchange rate effect excluded by 0.19 percentage point) compared to August 1, 2021.

The market interest rate on term deposits constituted 6.38%. In particular, the market interest rate for national currency denominated deposits was 10.37% and the market interest rate for foreign currency denominated deposits was 0.88%.

The share of the US dollar in the total volume of foreign currency denominated deposits equals 83.67% and the share of the Euro equals 14.95%.