Commercial banks in Georgia lent 39.60 billion GEL and received deposits of 35.12 billion GEL in July, the latest data by the National Bank of Georgia (NBG) showed.
The amount of deposits increased by 1.72% MoM, while loans by 0.98%.
Last month, the sum of term deposits (deposits made for a predetermined period of time) decreased by 2.93%, while demand deposits, which allowed for flexible withdrawal, increased by 5.77%.
Loans taken out in Georgian lari increased by 2.15%, while loans denominated in foreign currencies decreased by 0.07%.
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 1.87% and constituted 57.03 billion GEL.
The banking sector’s equity capital equals 7.05 billion GEL, which makes up 12.35% of the commercial banks total assets. (Agenda/Business World Magazine)
