26.Nov .2020 20:00

NBG: Current Tendencies of Bank Deposits

NBG: Current Tendencies of Bank Deposits
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NBG has published current tendencies of Bank Deposits. 
 
The total volume of non-bank deposits in the country′ s banking sector decreased by 1.71% or by 561.89 million GEL (exchange rate effect excluded volume of deposits decreased by 0.66%), compared to October 1, 2020 and constituted 32.28 billion GEL by November 1, 2020. In October, the volume of term deposits decreased by 119.86 million GEL (by 0.78%; exchange rate effect excluded volume of term deposits increased by 0.24%). Demand deposits decreased by 442.04 million GEL (by 2.53%; exchange rate effect excluded volume of demand deposits decreased 1.46%).
 
The larization ratio of total non-bank deposits constituted 37.75% by November 1, 2020 and decreased by 0.65 percentage point (exchange rate effect excluded by 1.05 percentage point) compared to October 1, 2020.

The market interest rate on term deposits constituted 6.27%. In particular, the market interest rate for national currency denominated deposits was 8.37% and the market interest rate for foreign currency denominated deposits was 2.36%.

The share of the US dollar in the total volume of foreign currency denominated deposits equals 84.41% and the share of the Euro equals 14.18%.