Q1 2010 Financial Overview
Loan portfolio quality
Loan quality under the following stress tests
Armed conflict with Russia in August 2008
17% devaluation of Lari against US$ in one day in November 2008
Political crisis in Georgia peak in Spring 2009
NPLS, BOG Standalone
NPLs Consolidated
GEL m In
180
554.4%
160
140
120
30.1
23.9
28.6
600%
32.1
500%
400%
100
80
80
17.2
51.3
61.4
75.4
69.2
300%
208.4%
7.7
60
138.3%
200%
169.1%
128-3%
124.2%
124.1%
104.2%
40
41.6
67.6
106.6%
100%
20
22.4
11.3
35.9
10.9
22.7
54.5
46.3
8.1
9.7
12.0
67.4
0
0%
Q1 2008
Q2 2008
Q3 2008
Q4 2008
Q1 2009
Q2 2009
Q3 2009
Q4 2009
Q1 2010
RB &WM
CB
Other*
-
NPL coverage ratio
*Other NPLs include BNB and BG Bank
Loan loss reserve, Consolidated
GEL min
160
GEL m In
7.5%
8%
7.5%
9.5%
7.4%
9.4%
200
10%
6.8%
6.9%
180.0
140
74%
7%
180
155.1
173.7
173.6
9.2% 9%
7.0%
8.1%
120
6.7%
6.4%
5.5%
6%
160
8%
8.6%
135.2
4.9%
140
129.0
7.8%
7.6%
7.6%
7%
100
5%
120
6.6%
6%
4.7%
6.3% 108.8
80
4%
100
5%
5.1%
3.2%
111.3
118.7
5.0%
136.8
115.9
80
4%
60
3%
87.4
60
3%
44.4
40-1.9%
2.0%
39.6
2.9%
56.6
2%
1.3%
40 2.1
2.1%
2%
1.1%
1.7%
20
1%
20.2%
1%
1.5%
1.0%
32.1
23.3
19.0
0
0%
0
0%
Q1 2008
Q2 2008 Q3 2008 Q4 2008
Q1 2009 Q2 2009 Q3 2009 Q4 2009
Q1 2010
Q1 2008
Q2 2008
Q3 2008
Q4 2008
Q1 2009
Q2 2009 Q3 2009 Q4 2009
Q1 2010
Loan loss reserves
INPLS % of Gross loans Loan loss reserve as % of gross loans
Lobko
BANK OF GEORGIA
www.bog.ge/ir
Reserve For Loan Losses To Gross Loans, BoG Consolidated
Consolidated NPLs to Gross Loans, BoG Consolidated
May 2010
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