Commercial banks in Georgia loaned GEL 42.09 billion ($14.85 billion) and received deposits of GEL 38.75 billion ($13.67billion) in July, the latest data from the National Bank of Georgia showed.
The volume of loans decreased by 3.58% in July compared to the previous month, while the number of deposits increased by 1.27%.
Last month, the sum of deposits made for a predetermined period of time decreased by 1.09%, while on-demand deposits, which allow for flexible withdrawals, increased by 2.92%, the NBG announced.
Loans taken out in the national currency increased by 1.14%, while loans denominated in foreign currency decreased by 8.56%.
There were 14 commercial banks in Georgia, including 13 foreign-owned entities, as of the end of July. (Agenda/Business World Magazine)
