“Commercial banks in Georgia loaned 44.45 billion ($17.27bln) and received deposits of GEL 43.61 billion ($16.94 bln) in February 2023,” - the latest data from the National Bank of Georgia shows.
The volume of loans decreased by 0.02 percent compared to the previous month, while the number of deposits also decreased by 0.08 percent month-on-month.
Last month, the volume of term deposits increased by 0.23%, while on-demand deposits decreased by 0.28%, the NBG also said.
Loans taken out in the national currency increased by 0.59%, while the volume of loans in foreign currencies decreased by 0.77 %.
In other figures, the total assets of Georgian commercial banks increased by 0.06 % and constituted GEL 67.8 billion ($26.33 bln).
There were 15 commercial banks in Georgia - 13 of them foreign-owned entities - as of the end of February 2023.
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