Management Target and Financial Overview
Strategic objectives: grow at the right price
More efficient
Deposit funding
Lending machine
International operations,
Divesting of non-core
assets
Enhance operational efficiency through technological improvements:
Temenos T24, core banking software, acquired in October ‘09 is in the process of
implementation; Deployment of Softscape, talent management solution, and CRIF,
credit scoring solution, is under way
Wealth Management services launched in Israel and Ukraine
Deposits from international clients reach GEL 100 mln in '09, c. 8% of total deposits
Premier Banking launched for the affluent client base supported by the exclusivity of
Amex Card issuing and acquiring business in Georgia
Despite high rate of bank debt growth in '05-'09, ample room for growth with total
loans/GDP under 30%; retail loans/GDP under 10%
Lending rates decreased from 16-18% to 14.5-16.5% as lending stepped up to top
borrowers in Georgia
Emphasis on micro loans, SMEs, consumer loans and mortgages in Georgia
Scale down operations of BG Bank; leverage on corporate banking and brokerage to
build trade finance business in Ukraine to capture growing (c.U$1 bn) trade between
Georgia and Ukraine
Focus on high margin, unattended SME sector in Belarus; explore the possibility of
third party investor, such as IFIs, in BNB
First stage of restructuring of equity investment business completed
Controlling stake in investment management company sold in Oct '09
Challenges in 2010: Cost control combined with Loan book growth
L
BANK OF GEORGIA
www.bog.ge/ir
April 2010
Page 21View entire presentation