Tbilisi (GBC) - Dollarization of private individuals’ deposits are still high. According to the NBG's monthly review, the dollarization ratio of retail deposits portfolio in banks amounts to 64.3%.

According to the NBG's interactive review, the annual growth rate of foreign currency deposits is 1.1%. As of the statistics of the last reporting month of March, the growth rate in GEL, slowed down by 0.8 percentage points.

Only 19% of long-term deposits of individuals (term: from 5 to 10 years) are in the national currency. 5-10 year savings of retail depositors is 51.3 million GEL. The rest >80% are foreign currency deposits. Out of 269 million GEL, the equivalent of 217 million GEL in foreign currency (mainly USD and Euros).

In total, as of Q1/2024, 14.2 billion GEL of retail deposits are placed in the banking sector.

Rating of banks by deposits of individuals (GEL)



Bank Of Georgia

12 767 800 000

TBC Bank

  9 831 112 000

Liberty Bank

  1 791 778 000

Basis Bank

  1 100 544 000