Bank of Georgia Growth and Reform Strategy
GROWING AND WELL-CAPITALISED BANKING SECTOR
Summary
Prudent regulation and oversight ensuring financial stability
Demonstrated strong resilience towards both domestic and external
shocks without single bank going bankrupt
No nationalization of the banks and no government ownership since 1994
Resilient to different shocks to the economy, room for healthy credits
growth with retail loans at 33.2% of GDP and total loans at 64.5% of GDP
in 2019
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OUSTON WWE U
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Banking sector assets, loans and deposits
25.0% CAGR
Source: NBG
47.2
39.7
34.6
30.1
31.9
26.6
25.2
20.6
22.3
17.3
18.9
14.4
12.7
16.0
7.2
8.9 8.3
10.6
13.0
2.7
6.0
4.6
5.2 6.3 7.7 8.7
10.5
1.3 1.7
2.5 4.2
508701017.3
2.1 3.2 3.6 4.0 5.5 6.7 7.6 9.7 11.6 14.3 17.0 19.8 23.0 26.2
Source: National Bank of Georgia, Geostat
Banking Sector loans to GDP, 2018
Source: IMF, NBG
Russia
51.1%
Bulgaria
51.5%
Poland
52.7%
Czech Rep.
52.8%
Bosnia & Herz
54.5%
Armenia
55.5%
Croatia
56.0%
Georgia
59.6%
Slovakia
61.4%
Estonia
64.1%
Turkey
64.2%
Israel
66.5%
BANK OF GEORGIA
Assets, GEL bn
Loans, GEL bn
Deposits, GEL bn
Non-performing loans, latest-2019
Source: IMF, NBG
Georgia
1.9%
Hungary
2.0%
Lithuania
2.2%
Czech Rep.
2.9%
Poland
4.0%
Turkey
4.1%
Romania
Belarus
Armenia
Latvia
4.6%
5.0%
5.5%
5.7%
Bulgaria
Croatia
Bosnia & Herz.
Portugal
Kazakhstan
7.6%
7.6%
7.7%
7.7%
8.6%
Russia
10.1%
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