Commercial banks in Georgia loaned 43.03 billion GEL and received deposits of 37.16 billion GEL in December 2021, the National Bank of Georgia (NBG) said.
The volume of loans increased by 1.63 billion GEL (+3.93%) YoY. The number of deposits increased by 1.42 billion GEL (+3.96%) MoM.
In December 2021, the sum of term deposits (deposits made for a predetermined period of time) increased by 191.41 million GEL and demand deposits, which allowed for flexible withdrawal, by 1.22 billion GEL.
Loans taken out in Georgian lari increased by 685.88 million GEL and loans denominated in foreign currencies by 941.36 million GEL MoM.
“As of the end of December 2021, the total volume of national currency-denominated loans to resident legal entities issued by commercial banks amounted to 6.92 billion GEL and foreign currency-denominated loans constituted 13.69 billion GEL,” the NBG says.
There are 14 commercial banks in Georgia, including 13 foreign-owned banks as of January 1.
In December 2021, compared to the previous month, the total assets of Georgian commercial banks (in current prices) increased by 1.04 billion GEL (+1.75%) and constituted 60.57 billion GEL.
The banking sector’s equity capital equals 7.73 billion GEL, which makes up 12.76% of the commercial banks’ total assets, the NBG reports. (Agenda/Business World Magazine)
