Banking

Bank Sector's Deposits Declined by 471 million GEL in March

Bank Sector's Deposits Declined by 471 million GEL in March March 29, 2018Leave a comment
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Deposits portfolio have reduced in Georgian bank sector.

According to National Bank of Georgia (NBG), retail and company deposits portfolio on your bottom line sector composed 16.1 billion GEL as of April 1 (current, demand and term deposits). The portfolio declined by 471 million GEL in March.

In the reporting period, term deposits declined by 315 million GEL, while demand deposits have shrunk by 156 million GEL.

Deposits larization has expanded, coefficient is 30.81% (29.56% from March 1, 2017).

Yield on GEL-denominated term deposits has shrunk by 8.5%, while yield on USD-denominated terms deposits has declined by 2.8% (8.8% and 3% in March 1, 2017).

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