The February devaluation has had effect on the volume of foreign liabilities of local banks. From abroad from January to May were attracted loans and securities in foreign currency equivalent to more than 3 billion 66 million manats.
According to the report by the Central Bank (CBA), by May 1, the external liabilities changed in different directions - in April decreased by 207.6 million manats (2.83%), and since the beginning of the year - increased by 43% to 7 billion 130 5 million manats.
At the same time the largest share was for foreign assets, whose total volume in the local banking system is 4 billion 996 900 000 manats (+ 58.5% YTD).
The external liabilities of banks include loans, deposits and securities from non-residents. --17D-
Economics
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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