The National Bank of Georgia published a report on resident commercial banks' deposit portfolio as of April 2023.
The total volume of non-bank deposits in the country′ s banking sector decreased by 0.56% or by 242.96 million GEL (exchange rate effect excluded volume of deposits increased by 0.64%), compared to the end of March 2023 and constituted 43.09 billion GEL by the end of April 2023. In April, the volume of term deposits increased by 367.11 million GEL (by 2.18%; exchange rate effect excluded volume of term deposits increased by 3.25%). Demand deposits decreased by 610.07 million GEL (by 2.31%; exchange rate effect excluded volume of demand deposits decreased by 1.02%).
The larization ratio of total non-bank deposits constituted 48.69% by the end of April 2023 and increased by 2.21 percentage point (exchange rate effect excluded by 1.63 percentage point) compared to the end of March 2023.
The market interest rate on term deposits constituted 8.57%. In particular, the market interest rate for national currency denominated deposits was 11.41% and the market interest rate for foreign currency denominated deposits was 1.08%.
The share of the US dollar in the total volume of foreign currency denominated deposits equals 79.83% and the share of the Euro equals 18.28%.
