Commercial banks in Georgia loaned GEL 42.94 billion ($15.62 billion) and received deposits of GEL 42.04 billion ($15.29 billion) in September, the latest data from the National Bank of Georgia showed.
The volume of loans decreased by 0.64% in September compared to the previous month, while the number of deposits increased by 0.68% MoM.
Last month, the sum of deposits made for a predetermined period of time increased by 0.87%, while on-demand deposits, which allowed for flexible withdrawals, increased by 0.56%, the NBG announced.
Loans taken out in the national currency increased by 1.67%, while loans denominated in foreign currency decreased by 3.28%.
There were 14 commercial banks in Georgia, including 13 foreign-owned entities, as of the end of September. The total assets of Georgian commercial banks increased by 0.2% and constituted GEL 68.1 billion ($24.76 billion). (Agenda/Business World Magazine)