Expected Q4 2009 Financial Performance
Lending Opportunities in Corporate Sector in Georgia
On the back of deleveraging in 2009, we expect lending to pick-up in 2010
We see following opportunities in corporate sector in Georgia:
Underleveraged utility sector (circa 9% loans to sector GDP)
* Underleveraged healthcare sector, which is under privatization and needs to be
rebuilt (circa 2% loans to sector GDP)
* Food processing and agribusiness, substituting imported goods (circa 3.5% loans
to sector GDP)
Hydropower sector, which is gearing for exports to Turkey
While BoG has significant market share in the retail and corporate banking segments,
SME is still underpenetrated
BoG's SME loan portfolio is only GEL 70 mln (circa 4% of BoG loan book) or
estimated market share of circa 15%
BoG can leverage its corporate banking business to grow its market share in SME
segment
Lobko
BANK OF GEORGIA
www.bog.ge/ir
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January 2010
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