Commercial banks in Georgia loaned GEL 43.65 billion ($16.17 billion) and received deposits of GEL 42.62 billion ($15.79 billion) in November, the latest data from the National Bank of Georgia showed.
The volume of loans increased by 0.95% MoM and the number of deposits by 0.72%.
Last month, the sum of deposits made for a predetermined period of time decreased by 0.61%, while on-demand deposits, which allow for flexible withdrawals, increased by 1.55%, the NBG announced.
Loans taken out in the national currency increased by 0.84%, while loans denominated in foreign currency also increased by 1.10%.
There were 14 commercial banks in Georgia, including 13 foreign-owned entities, as of the end of November. The total assets of Georgian commercial banks increased by 0.4% and constituted GEL 67.5 billion ($25 billion). (Agenda/Business World Magazine)
