Commercial banks in Georgia loaned GEL 43.21 billion ($15.3 billion) and received deposits of GEL 41.76 billion ($14.78 billion) in August, the latest data from the National Bank of Georgia showed.
The volume of loans increased by 2.68% in August compared to the previous month, while the number of deposits increased by 7.74%.
Last month, the sum of deposits made for a predetermined period of time increased by 4.99%, while on-demand deposits, which allowed for flexible withdrawals, increased by 9.58%, the NBG announced.
Loans taken out in the national currency increased by 1.86%, while loans denominated in foreign currency increased by 3.64%.
There were 14 commercial banks in Georgia, including 13 foreign-owned entities, as of the end of August. (Agenda/Business World Magazine)