Commercial banks in Georgia loaned GEL 44.45 billion ($17.27 billion) and received deposits of GEL 43.61 billion ($16.94 billion) in February, the latest data from the National Bank of Georgia showed.
The volume of loans decreased by 0.02% MoMh, while the number of deposits decreased by 0.08%.
Last month, the volume of term deposits increased by 0.23%, while on-demand deposits decreased by 0.28%, the NBG also said.
Loans taken out in the national currency increased by 0.59%, while the volume of loans in foreign currencies decreased by 0.77%.
In other figures, the total assets of Georgian commercial banks increased by 0.06% and constituted GEL 67.8 billion ($26.33 billion).
There were 15 commercial banks in Georgia – 13 of them foreign-owned entities – as of the end of February. (Agenda/Business World Magazine)