OPEX Ratio Alignment & Portfolio Valuation Overview
PORTFOLIO VALUE DEVELOPMENT IN 2Q22
PORTFOLIO VALUE UP 3.7%
TO GEL 2.7 BILLION IN 2Q22
■ GEL 142.6 million loans issued
predominantly to our beverages and
real estate businesses were converted
into equity in 2022, due to the
adverse financial impact of the
Russia-Ukraine war on these
businesses.
GEL MILLION
-0.2%
2,609
19
(23)
(21)
LISTED AND OBSERVABLE
PORTFOLIO COMPANIES
Portfolio value
31-Mar-22
Value creation in
listed & observable
Accrued dividend
income from BoG
portfolio
-1.6%
(3)
+5.5%
GEORGIA
CAPITAL
143
2,705
(17)
PRIVATE PORTFOLIO COMPANIES
Value change in
large portfolio
companies
Value change in
investment stage
portfolio companies
Value change in
other portfolio
companies
Conversion of
loans issued
into equity
Portfolio value
30-Jun-22
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