Investor Presentaiton
REMITTANCES AND POTENTIAL IN GEORGIAN EMIGRANTS
MARKET POTENTIAL
c.1.3 mln
NUMBER OF RECEIVED REMITTANCES AT BOG THROUGH
DIGITAL CHANNELS
THOUSANDS
300
60%
Georgians living abroad in need of
daily banking services
49%
46%
250
42%
44%
50%
New functionality
200
added in mBank
and iBank
38%
35%
32%
40%
US$ 2.3 bln
Transferred in 2021
150
30%
100
11%
20%
50
3%
10%
+24.6% y-o-y
0%
c.350 k
Received remittances
4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21
Offloading rate
Customers with high potential for
loans and deposits*
We expect to gain 35%-40% of the
potential market in the medium-
term
BOG MARKET SHARE IN TOTAL REMITTANCE INFLOWS**
36%
COVID-19
pandemic
impact
35%
35%
35%
32%
32%
32%
31%
27%
* More than three transfers in the last 12 months
4Q19
1Q20 2Q20
3Q20
4Q20
1Q21
2Q21
3Q21
4Q21
** Based on the National Bank of Georgia and Bank of Georgia data
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