The total volume of non-bank deposits in the country′ s banking sector constituted 34.63 billion GEL by January 1, 2021.
According to the National bank of Georgia, the volume of deposits increased by 3.57% excluding the exchange rate effect.
“The total volume of non-bank deposits in the country′ s banking sector increased by 3.09% or by 1.04 billion GEL (exchange rate effect excluded volume of deposits increased by 3.57%), compared to December 1, 2020 and constituted 34.63 billion GEL by January 1, 2021. In December, the volume of term deposits decreased by 21.21 million GEL (by 0.13%; exchange rate effect excluded volume of term deposits increased by 0.43%). Demand deposits increased by 1.06 billion GEL (by 6.07%; exchange rate effect excluded volume of demand deposits increased 6.49%).
The larization ratio of total non-bank deposits constituted 38.61% by January 1, 2021 and increased by 0.57 percentage point (exchange rate effect excluded by 0.39 percentage point) compared to December 1, 2020.
The market interest rate on term deposits constituted 6.34%. In particular, the market interest rate for national currency denominated deposits was 8.31% and the market interest rate for foreign currency denominated deposits was 2.01%.
The share of the US dollar in the total volume of foreign currency denominated deposits equals 84.24% and the share of the Euro equals 14.39%”, the NBG’s report reads.
