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) reached 2.9 billion GEL by September 1, 2009, which is 7.7 percent more than the comparable figure for August 1, 2009.

In August, the volume of both current accounts and term deposits of non-financial and households sectors increased by 12.6 and 5.0 percent respectively.

"The dollarization ratio of deposits amounted to 74.1 percent by September 1, 2009. The annual average weighted interest rate for all deposits equals to 9.7 percent, in particular the interest rate for national currency denominated deposits is 10.5 percent and the interest rate for foreign currency denominated deposits is 9.6 percent," NBG reported.

The share of US dollar in the total volume of foreign currency denominated deposits equals to 77.5 percent and the share of Euro equals to 21.6 percent.

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