Bank of Georgia Financial Analysis
9%
%8
7%
6%
5%
4%
3%
2%
1%
0%
Jan-14
Apr-14
Jun-14
Sep-14
BANK OF GEORGIA
Dec-14
Mar-15
Jun-15
Sep-15
Dec-15
Mar-16
Jun-16
Sep-16
Dec-16
Mar-17
Jun-17
Sep-17
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
Jan-14
Apr-14
Jul-14
Oct-14
Jan-15
Apr-15
Gross international reserves, US$ bn
Monetary policy rate
INTERNATIONAL RESERVES SUFFICIENT TO FINANCE MORE THAN
3 MONTHS OF IMPORTS
-Net foreign assets, US$ bn
International reserves
Source: NBG
250
US$ sale
3.5
Central Bank's interventions
NBG purchased US$ 197.5mn in 2018
Source: NBG
200
3.0
150
120
100
2.5
100
60
40 40
27
60
50
2.0
о
120
40
1.5
-50
-20-20
-20
1.0
-100
US$ purchase
-40
-30 -25
0.5
-150
0.0
-200
Jun-15
Sep-15
Dec-15
Mar-16
May-16
Aug-16
Nov-16
Feb-17
May-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
Sep-18
Dec-18
Jan-140
Apr-14
-63
-70
-65
-120
-140
Jul-14
Oct-14
Jan-15
Apr-15
Jun-15
Sep-15
Dec-15
Mar-16
May-16
Aug-16
Nov-16
Feb-17
May-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
Sep-18
Dec-18
Source: NBG
80%
9%
8%
75%
7%
70%
6%
5%
65%
4%
60%
3%
2%
55%
1%
50%
0%
Dec-17
Mar-18
Jun-18
Sep-18
Dec-18
Jan-14
Apr-14
Jun-14
Sep-14
Dec-14
Mar-15
Jun-15
Sep-15
Dec-15
Loan dollarization
Mar-16
Jun-16
Sep-16
Dec-16
Mar-17
Jun-17
Sep-17
Dec-17
Mar-18
Deposit dollarization
Jun-18
INBG net interventions, US$ mn
Dollarisation
Sep-18
48
Dec-18
Source: NBG
80%
75%
70%
65%
60%
55%
50%View entire presentation