Commercial banks operating in Georgia submitted deposit statistics for February 2025 to the National Bank of Georgia, which shows that the deposit portfolio decreased by GEL 978 million over the past month, amounting to GEL 57.8 billion.
The decrease is observed in both national currency deposits and foreign currency deposits. Foreign currency deposits decreased by GEL 677 million, amounting to GEL 30.78 billion. This decrease is likely due to the strengthening of the GEL exchange rate, as the GEL strengthened against the USD during the period.
However, GEL deposits also decreased. The decrease amounted to GEL 302 million, reducing the portfolio's volume to GEL 27.19 billion.
In February, the larization of deposits amounted to 46.9%, which was 0.27 percentage points higher than in January.
