IDFI: 45,349 citizens of Russia opened new accounts in commercial banks of Georgia from the beginning of the Russia-Ukraine war to August 31

According to the information of the Institute for the Development of Freedom of Information, 45,349 citizens of Russia opened new accounts in commercial banks of Georgia from the beginning of the Russia-Ukraine war to August 31.

In particular, IDFI studied the financial situation of Russian citizens in Georgian banks and noted that in the period of March-August 2022, loans of 482.8 million GEL were issued to Russian citizens, which is about 6% lower than the figure of the same period of the previous year.

"After Russia's invasion of Ukraine, the active entry of Russian citizens into the country is considered one of the important challenges for Georgia. IDFI periodically studies and publishes various statistical data related to border crossing and arrival of Russian citizens in Georgia. This time, IDFI will present the analysis of the data requested and received from the National Bank of Georgia, related to the various activities carried out by Russian citizens in the financial organizations of Georgia after the beginning of the war.

45,349 citizens of Russia opened new accounts in Georgian commercial banks from the beginning of the Russia-Ukraine war to August 31; As of August 31, the number of Russian citizens with active accounts in commercial banks exceeds approximately 60,000;

In the period from February 24 to August 31, 2022, 19 legal entities registered in Russia opened their accounts in commercial banks of Georgia;

As of August 2022, Russian citizens' deposits in Georgian commercial banks amount to 1.88 billion GEL”, reads the information released by IDFI.

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