Commercial banks in Georgia loaned GEL 43.65 billion ($14.85 billion) and received deposits of GEL 38.27 billion ($13.02 billion) in June, the latest data from the National Bank of Georgia showed.
The volume of loans increased by 1.24% in June compared to the previous month, while the number of deposits increased by 3%.
Last month, the sum of deposits made for a predetermined period of time increased by 1.42%, while on-demand deposits, which allowed for flexible withdrawals, increased by 4.13%, the NBG announced.
Loans taken out in the national currency increased by 2.06%, while loans denominated in foreign currency also increased by 0.39%.
There were 14 commercial banks in Georgia, including 13 foreign-owned entities, as of the end of June.
Compared to the previous month, the total assets of commercial banks in Georgia (in current prices) increased by 2.5% and constituted GEL 64.2 billion ($21.84 billion).
The banking sector’s equity capital equals GEL 8.3 billion ($2.82), which makes up 12.9% of the commercial banks’ total assets. (Agenda/Business World Magazine)
