Tbilisi (GBC) - The growth of deposits in the banking sector has slowed down. According to interactive statistics of the NBG, a decrease is observed from March (2023). The annual growth rate has decreased by 30% or 1.5 times.

In the last reporting month, it decreased by 1 percentage point, and as of 02/2024, the annual growth was 14%.

According to NBG's analytical report, 13.7% comes from the growth of retail deposits, and the contribution of foreign currency deposits among them is reduced to 2.6%. from 14% as of February last year.

As of 01/2024, the banking sector has deposits of 50.7 billion GEL. Foreign currency and GEL are distributed almost equally in the portfolio. Half of the deposits come from foreign exchange investments.