Banking problems

For the first time in recent years, the amount of Georgian bank deposits has decreased. Customers are concerned about losing their money. This situation has come about not only because of the August war but the world economic crisis.

The National Bank of Georgia states that the overall amount of deposited funds compared with the same period last year is down 2.2%. The population prefers to keep its deposits in USD or Euros, which shows the problems banks are facing and the internal loss of confidence in the GEL.