Georgia's Economic Outlook 2020
US$ millions
*
WELL-ESTABLISHED FUNDING STRUCTURE | 31 MARCH 2020
INTEREST BEARING LIABILITIES
Debt
securities
Borrowin issued
gs
13.3%
12.1%
Other
amounts
owed to
Interest Bearing Liabilities GEL 17.3bln
Client
deposits
& notes
62.7%
11.9%
30
WELL DIVERSIFIED INTERNATIONAL BORROWINGS
S
European Bank
for Reconstruction and Development
ADB
IFC LEFSE
EUROPEAN FUND FOR SOUTHEAST EUROPE
Black
Sea
Current
accounts &
demand
Time
deposits,
53.2%
deposits,
46.8%
FMO
Trade &
Finance for Development Development
Bank
Other debt
securities,
GEL
429mln,
9.8%
Others
borrowings,
GEL
401mln,
9.2%
DFIs,
Eurobonds,
GEL
GEL
1,690mln,
38.5%
1,865min,
42.5%
BORROWED FUNDS MATURITY BREAKDOWN*
1.2%
422
4.3%
1.3%
7.0%
1.7%
0.6%
0.1%
258
339
0.8%
0.0% 0.0%
152
103
90
106
79
83
9
36
48
13
T
T
T
2020 2021 2022 2023 2024 2025 2026 2027
Senior Loans
Subordinated Loans
Eurobonds
converted at GEL/US$ exchange rate of 3.2845 at 31 March 2020
2028
72
2029
% of Total assets
STRONG FUNDING PIPELINE
At 31 March 2020, the Bank had c.GEL 408 million undrawn loan
facilities from DFIs with up to ten years maturity, part of which
were already drawn-down in April 2020
BOG's 3 year, GEL 500 million local currency international bonds,
with 11.00% coupon, are due on 1 June 2020, and will be repaid as
scheduled
Active communication on-going with partner financial institutions
and signing of new long-term facilities of around US$500 million
expected during the next two to six months. This will further
improve liquidity position and enable to support customers and the
economy during these unprecedented timesView entire presentation