25.Aug .2020 19:03

The volume of deposits increased by 1.8 bln in July

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The total volume of non-bank deposits in the country′ s banking sector increased by 6.16% or by 1.77 billion GEL (exchange rate effect excluded volume of deposits increased by 5.41%), compared to July 1, 2020 and constituted 30.54 billion GEL by August 1, 2020. In July, the volume of term deposits increased by 684.57 million GEL (by 5.15%; exchange rate effect excluded volume of term deposits increased by 4.58%).

Demand deposits increased by 1.09 billion GEL (by 7.02%; exchange rate effect excluded volume of demand deposits increased 6.13%).

The larization ratio of total non-bank deposits constituted 39.42% by August 1, 2020 and increased by 0.83 percentage point (exchange rate effect excluded by 1.11 percentage point) compared to July 1, 2020.

The market interest rate on term deposits constituted 6.68%. In particular, the market interest rate for national currency denominated deposits was 8.71% and the market interest rate for foreign currency denominated deposits was 2.54%.

The share of the US dollar in the total volume of foreign currency denominated deposits equals 84.53% and the share of the Euro equals 14.11%.