NBG reports over GEL 1.6 billion increase in volume of deposits in banking sector in March
NBG reports over GEL 1.6 billion increase in volume of deposits in banking sector in March

According to the National Bank of Georgia (NBG), the total volume of deposits in the banking sector (excluding interbank deposits) reached GEL 69.47 billion by the end of March 2026, making an increase of GEL 1.61 billion, or 2.37%, compared to the end of the previous month.

The NBG noted that the annual growth of deposits, excluding the effects of exchange rate fluctuations, stood at 19.44%. In March, compared to February, time deposits rose by GEL 689.69 million, or 2.09%, while demand deposits increased by GEL 916.49 million, or 2.63%.

The National Bank also reported that the deposit larisation ratio had reached 53.40% by the end of March 2026. Compared to the end of the previous month, this ratio decreased by 0.63 percentage points.

Furthermore, the National Bank indicated that the average annual weighted market interest rate on term deposits in March was 6.64%, with 9.01% on deposits in the national currency and 2.33% on deposits in foreign currencies.

The share of the United States dollar in foreign currency deposits was 77.97%, while the Euro accounted for 20.19%.