Deposits increase

NBG reports that deposits in the Georgian banking sector are increasing. By May 1, 2011 they reached more than USD 2.9 bln. Most of the deposits in Georgian banks are made in USD – 72% and in Euro – 19%. The total assets of banks are more than USD 6 bln while the contribution of foreign banks in Georgian banks comes to 81%. By May 1 there were 19 commercial banks functioning in Georgia.