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) increased by 43.0 percent or 1.5 billion GEL compared to the January 1, 2010 and exceeded 4.9 billion GEL by January 1, 2011.
During the previous year, the volume of transferable deposits of non-financial and households’ sectors increased by 762.7 million GEL (59.8 percent) and term deposits of same sectors increased by 704.6 million GEL or 33.6 percent, according to National Bank of Georgia.
During the past year, the annual average weighted interest rate for all deposits constituted 8.2 percent. In particular, the interest rate for national currency denominated deposits was 10.1 percent and the interest rate for foreign currency denominated deposits 7.9 percent.
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