The volume of deposits in the banking sector (excluding interbank deposits) totalled GEL 71.33 billion by the end of May 2026, up by GEL 1.31 billion, or 1.87%, compared to the previous month, according to the National Bank of Georgia (NBG).
The national bank reported that the annual growth rate of deposits, excluding the exchange rate effect, stood at 22.06%. In May, compared to the previous month, time deposits grew by GEL 1.35 billion, or 3.99%, while demand deposits fell by GEL 40.88 million, or 0.11%.
According to the National Bank of Georgia, the deposit larisation rate stood at 54.93% by the end of May 2026, representing a 1.53 percentage point increase compared to the end of the previous month.
According to NBG data, the average annual weighted market interest rate on term deposits stood at 7.08% in May, comprising an 8.83% interest on national currency-denominated deposits and 2.49% on foreign currency-denominated deposits.
In terms of the composition of foreign currency deposits, the US dollar accounted for 77.73%, while the euro made up 20.15%.
