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) decreased by 1.6 percent or 76.8 million GEL compared with the January 1, 2011, and constituted 4.8 billion GEL by February 1, 2011.
In January, compared to the previous month, the volume of transferable deposits of non-financial and households’ sectors decreased by 120.5 million GEL (5.9 percent) and term deposits of same sectors increased by 39.5 million GEL (1.4 percent).
"The annual average weighted interest rate on term deposits constituted 8.2 percent. In particular, the interest rate for national currency denominated deposits was 11.0 percent and the interest rate for foreign currency denominated deposits 7.6 percent," NBG says.
The share of US dollar in the total volume of foreign currency denominated deposits equals to 70.6 percent and the share of Euro equals to 19.7 percent.
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