Commercial banks in Georgia loaned GEL 44.87 billion ($17.9 billion) and received deposits of GEL 43.34 billion ($17.3 billion) in March, the latest data from the National Bank of Georgia showed.
The volume of loans increased by 0.93% MoM, while the number of deposits decreased by 0.62%.
Last month, the volume of term deposits increased by 0.44%, while on-demand deposits decreased by 1.28%, the NBG also said.
Loans taken out in the national currency amounted to GEL 7.39 billion ($2.95 billion), while loans in foreign currencies constituted GEL 12.46 billion ($4.98 billion).
In other figures, the total assets of Georgian commercial banks decreased by 0.67% and constituted GEL 451.4 million ($180.5 million).
There were 15 commercial banks – 13 of them foreign-owned entities – operating in the country as of the end of March. (Agenda/Business World Magazine)