| National Bank of Georgia: Current Condition of Bank Deposits |
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03/11/2009 15:21 (18 Day 00:05 minutes ago) | |||||
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The FINANCIAL -- Total volume of deposits in the country’s banking sector (including term deposits and current accounts of non-financial and households sectors, including payable interest) exceeded 3.0 billion GEL by October 1, 2009, which is 4.1 percent more than the comparable figure for September 1, 2009.
In September, the volume of both current accounts and term deposits of non-financial and households sectors increased by 7.8 and 2.1 percent respectively.
"The dollarization ratio of deposits amounted to 72.8 percent by September 1, 2009 which is 1.3 percentage points less than the comparable figure for August. The annual average weighted interest rate for all deposits equals to 10.1 percent, in particular the interest rate for national currency denominated deposits is 10.8 percent and the interest rate for foreign currency denominated deposits is 9.9 percent," NBG informs.
The share of US dollar in the total volume of foreign currency denominated deposits equals to 77.7 percent and the share of Euro equals to 21.5 percent.
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