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GEL deposits increase

By Messenger Staff
Monday, May 10
By April 1, 2010 deposits in the local currency GEL had increased and reached 3.6 billion, a figure almost 2% higher than that at the beginning of the year. This is a very encouraging tendency which shows that banks are promoting local currency deposits and are gaining the confidence of the Georgian population. It should be mentioned however that majority of deposits are still made in USD and EUR.