BGEO Group Financial Update
140%
120%
100%
80%
60%
34%
40%
20%
0%
Turkey
Sources: IMF
%0
Republic
Czech
Romania
20%
18%
16%
14%
11%
11%
12%
12%
12%
9%
10%
9%
7%
8%
8%
6%
4%
2%
Russia
Government debt / GDP, YE 2014
Georgia
Belarus
Macedonia
Romania
Lithuania
Armenia
Czech Rep.
Denmark
Bos. & Herz.
Switzerland
Slovakia
Finland
Croatia
Ukraine
Montenegro
Netherlands
Sources: IMF, Ministry of Finance
Holding company of BANK OF GEORGIA
BGEO www.bgeo.com
GROUP
November 2015
Germany
Slovenia
Hungary
Austria
Canada
UK
Belgium
USA
Italy
Poland
One of the highest level of capital and low debt level compared to other frontier markets
Bank Capital to Assets, YE 2014
Dollarisation
Ukraine
-50
-100
-150
Jan-14
Feb-14
-80
Turkey
0
Bulgaria
Kazakhstan
200
150
100
550
250 220
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
-120
■NBG monthly net interventions US$ mn
Georgia
80%
18%
75%
70%
65%
55%
60%
Jan-11
May-11
Sep-11
Jan-12
May-12
Deposit dollarization
Loan dollarization
Sources: National bank of Georgia
NBG FX interventions
I-AON
Dec-1
Jan-15
Feb-15
Mar-1
40 40
40 40
120
US$ sale
US$ purchase
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
page 63
27 20
Sep-12
Jan-13
May-13
Sep-13
Jan-14
May-14
Sep-14
Jan-15
May-15
Sep-15
55%
60%
80%
75%
70%
65%View entire presentation