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Sunday, April 20, 2014
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Current Tendencies of Bank Deposits

30/01/2012 04:18 (811 Day 11:29 minutes ago)

The FINANCIAL -- Total volume of the non-bank deposits in the country’s banking sector increased by 11.7 percent or 705.8 million GEL compared with the December 1, 2011, and reached 6.7 billion GEL by January 1, 2012, from National Bank of Georgia .



In December, 2011, compared to the previous month, the volume of demand deposits increased by 382.4 million GEL (14.9 percent) and term deposits increased by 323.4 million GEL (9.3 percent).
The dollarization ratio of deposits constituted 59.9 percent by January 1, 2012. Compared with the December 1, 2011 it decreased by 1.6 percentage points.

The annual average weighted interest rate on term deposits constituted 9.4 percent. In particular, the interest rate for national currency denominated deposits was 12.1 percent and the interest rate for foreign currency denominated deposits 9.1 percent.

The share of US dollar in the total volume of foreign currency denominated deposits equals to 73.7 percent and the share of Euro equals to 22.0 percent.



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Parliament issues strong call for EU lobby transparency register to become mandatory

16/04/2014 16:53 (3 Day 22:54 minutes ago)

The FINANCIAL -- The report approved by MEPs gives an important signal to the European Commission that a far more ambitious approach is needed to secure genuine lobby transparency in the EU, according to EUbusiness Ltd.


Major Cloud Service Providers Slash Prices; Threaten Smaller Players’ Existence: IDC Warns

19/04/2014 13:40 (1 Day 02:07 minutes ago)

The FINANCIAL -- In the last week of March, major Cloud Service Providers (CSPs) in Asia dropped their prices for core services dramatically and IDC believes that this will make it very difficult for smaller CSPs to remain in business if they continue to rely on provision of basic, undifferentiated services, according to International Data Corporation (IDC).

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