Commercial banks in Georgia loaned GEL 44.47 billion ($16.9 billion) and received deposits of GEL 43.64 billion ($16.5 billion) in January, the latest data from the National Bank of Georgia showed.
The volume of loans decreased by 0.71% MoM, while the number of deposits increased by 2.84%.
Last month, the volume of term deposits increased by 2.84%, while on-demand deposits decreased by 3.97%, the NBG also said.
Loans taken out in the national currency amounted to GEL 7.37 billion ($2.8 billion), while loans in foreign currencies constituted GEL 12.37 billion ($4.7 billion).
In other figures, the total assets of Georgian commercial banks decreased by 3.7% and constituted GEL 67.7 billion ($25.7 billion).
There were 14 commercial banks in Georgia – 13 of them foreign-owned entities – as of the end of January. (Agenda/Business World Magazine)