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.

Related Stories

• ProCredit Bank Georgia and Oesterreichische Entwicklungsbank have signed acredit line agreement
• Bank Republic and Tsiskari foundation, Helps Neglected Children to Integrate into Society
• BasisBank opened a service center at Tsereteli Str. N1, Kutaisi.