“Commercial banks in Georgia loaned GEL 44.47 billion ($16.9 bln) and received deposits of GEL 43.64 billion ($16.5 bln) in January 2023,” - the latest data from the National Bank of Georgia shows.
The volume of loans decreased by 0.71% compared to the previous month, while the number of deposits increased by 2.84% month-on-month.
Last month, the volume of term deposits increased by 2.84%, while on-demand deposits decreased by 3.97 %.
Loans taken out in the national currency amounted to GEL 7.37 billion ($2.8 bln) while loans in foreign currencies constituted GEL12.37 billion ($4.7 bln).
In other figures, the total assets of Georgian commercial banks decreased by 3.7% and constituted GEL 67.7 billion ($25.7 bln).
There were 14 commercial banks in Georgia - 13 of them foreign-owned entities - as of the end of January 2023.
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