About 30.54 billion GEL ($9.92 billion or EUR 8.38 billion) was deposited in Georgian banks in July, up by 6.16% MoM, showed the latest data by the National Bank of Georgia (NBG).
In the same time period, Georgian banks lent 34.49 billion GEL ($11.2 billion or EUR 9.47 billion), up by 2.05%.
The sum of term deposits increased by 684.57 million GEL, while demand deposits, which allowed for flexible withdrawal, by 1.09 billion GEL.
Loans taken out in Georgian lari increased by 232.94 million GEL, while loans denominated in foreign currencies decreased by 461.10 million GEL.
There are 15 commercial banks in Georgia, including 14 foreign-owned banks and one branch of non-resident banks.
In July, compared to the previous month, the total assets of Georgian commercial banks (in current prices) increased by 1.9 billion GEL (or by 3.85%) and constituted 51.17 billion GEL.
The banking sector’s equity capital equals 5.28 billion GEL, which makes up 10.56% of the commercial banks total assets. (Agenda/Business World Magazine)