Expected Q4 2009 Financial Performance
Lobko
Goodwill write-off
BANK OF GEORGIA
GEL 134.7 mln
BG Bank
GEL 68.0 mln
Impairment
BG Bank (Ukraine)
fully impaired in
Q4 2009
GEL 66.6 mln
GEL 68.0 mln
BNB
GEL 23.4 mln
Insurance
GEL 18.4 mln
Intellect & TUB,
GEL 23.2 mln
Other, GEL 1.6 mln
BNB
GEL 23.4 mln
Insurance
GEL 18.4 mln
Intellect & TUB
GEL 23.2 mln
Other, GEL 1.6mln
The amount to be written off in Q4 09 represents all of the goodwill associated
with BG Bank
The Bank's allocated capital in respect to BG Bank is expected to amount GEL
33.0 million after the write off, weakening of Hryvna against Lari, and BG
Bank's losses in 2009 including expected loss in Q4 2009
According to the required periodic goodwill impairment test conducted by the
Bank on all of its acquisitions, no other goodwill had to be impaired
www.bog.ge/ir
January 2010
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