Investor Presentaiton
Holding company of BANK OF GEORGIA
BGEO www.bgeo.com
GROUP
November 2015
Source: NBG
5%
0%
Azerbaijan
10%
Georgia
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
Jan-12
Mar-12
May-12
Jul-12
Sep-12
Nov-12
Jan-13
Mar-13
-13
May-13
Gross International Reserves, US$ bn
Net Foreign Assets, US$ bn
15%
Turkey
Source: Central banks
Note: Latest data as of 9 November 2015
Jul-13
Sep-13
Nov-13
Jan-14
Mar-14
May-14
Jul-14
Sen-14
Sep-14
FX Reserves
Foreign reserves at adequate level
Reserves sufficient to finance more than 3
months of merchandise and services imports
NBG intervened moderately at the
beginning of 2015
Monetary policy rates
25%
■ End-2014
■Latest-2015
20%
Armenia
Nov-14
15
Jan-15
Mar-15
May-15
Jul-15
Sep-15
250
220
3.5
200
3.0
150
2.5
100
2.0
50
1.5
0
1.0
-50
0.5
-100
0.0
-80
-150
Policy rate lower in Georgia vs peers
30%
Russia
Kazakhstan
Moldova
Ukraine
Belarus
page 66
Jan-14
Feb-14
Mar-14
Apr-14
May-14
May-14
Jun-14
+1-mc
+I-unc
■NBG monthly net interventions US$...
Source: NBG
Aug-14
1-any
Sen-14
Sep-14
Oct-14
+1-120
Nov-14
120
40 40
40 40
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
Apr-15
May-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
US$ sale
27 20
US$ purchase
Oct-15View entire presentation