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

Deposits portfolio has shrunk in Georgian bank sector. According to National Bank of Georgia (NBG), retail and corporate deposits portfolio in the bank sector made up 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 …

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Preferential Business Sectors for Commercial Banks

Bank sector is of crucial importance for economic and financial stability of the country. Commercial banks represent functional mediators between those saving money and borrowers. Owners of excessive money resources offer their resources to financial mediators, while the latter chain offers these money resources to potential investors. Various physical and …

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Temur Chkonia: Commercial Banks Control Georgian Economy

Temur Chkonia: Commercial Banks Control Georgian Economy

Today the Georgian economy is controlled by commercial banks, businessman Temur Chkonia said. “The bank sector controls all information, namely, the amount of salaries, the number of employees and soon. This is real control”, Mr. Temur Chkonia said. As to non-core businesses owned by commercial banks, this issue was actualized …

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The Total Volume of Deposits Reached 13 698.3 mln GEL

deposits

In 2015, the total volume of deposits (excluding interbank deps) recorded 13 698.3 mln. GEL, which exceeds by 24.8 % the corresponding indicator in 2014. The volume of the deposits denominated in national currency increased by 10.1%. The volume of the deposits denominated in foreign currency in USD increased by …

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