Bank of Georgia Financial Analysis
BANK OF GEORGIA
-100
-200
Jan-16
Feb-16
Mar-16
0
400
300
200
100
Apr-16
May-16
Jun-16
Jul-16
Aug-16
Sep-16
Oct-16
Nov-16
Dec-16
I Exports, US$ mn
500
Jan-
Feb-17
Mar-17
Apr-17
May-17
Jun-17
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Apr-18
% change y/y
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
0
Jan-16
400
350
300
250
200
150
100
50
Feb-16
Mar-16
Apr-16
May-16
Jun-16
Jul-16
Aug-16
Sep-16
Oct-16
Nov-16
Dec-16
Jan-17
Feb-17
Mar-17
Apr-17
May-17
Jun-17
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Tourism revenues, US$ mn
% change y/y
Exports up 22.9% y/y in 2018
RECENT TREND - TOURIST ARRIVALS, EXPORTS AND REMITTANCES UP
Tourism revenues up 18.4% y/y in 2018
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Source: NBG
50%
160
45%
40%
120
35%
30%
80
25%
20%
40
15%
10%
0
5%
0%
-40
Source: Geostat
60%
50%
50%
40%
40%
30%
30%
18%
20%
16%16%
20%
7%
10%
%8
10%
10%
10%
10%
0%
0%
-10%
-10%
-11%
-20%
-20%
-22%
-3%
-30%
-25%
Jan-16
Feb-16
Mar-16
Apr-16
May-16
Jun-16
Jul-16
Aug-16
Sep-16
Oct-16
Nov-16
Dec-16
Jan-17
Feb-17
Mar-17
Jan-16
Feb-16
Mar-16
Apr-16
May-16
Aug-16
Remittances, US$ mn
Remittances up 14.3% y/y in 2018
Source: NBG
80%
60%
40%
20%
0%
May-17
Jul-
Aug-17
Sep-17
Oct-17
Nov-17
Trade deficit up 10.7% y/y in 2018
01% 12%
9%
3%
-3%
1%
-7% -1% -1%
-14%
%+7-
Apr-17
May-17
Jun-17
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Jan-18
Feb-18
Apr-18
Jun-18
Total remittances, % change y/y
Source: Geostat
50%
40%
40%
33%
30%
22%
21% 20%
17%
14% 5%
20%
4%
6%
10%
0%
-10%
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
53
-3%
-119% -20%
-30%
Jul-18
Sep-18
Oct-18
Dec-18
-20%View entire presentation