As a free sample for clients and potential clients,
below is offered summary information on a sample bank in Eastern Europe or
Central Asia selected casually from among those offering moderate (not
particularly high) interest rates for foreign-currency retail term deposits.
Bank info:
Name: Bank of Georgia (JSC “Bank of Georgia”) (სს „საქართველოს ბანკი")
Headquarters: Tbilisi, Georgia.
Founded: 1903.
Total assets: GEL*
5.3856
bln (USD 3.236 bln) as of 30 Sept. 2013, ranking in 1st place out of 21 banks
operating in Georgia.
*As of 30 Sept. 2013 the
official exchange rate for the Georgian lari (GEL) was USD 1 = GEL 1.6644
Total loans to customers: GEL 3.2215
bln (USD 1.936 bln) as of 30 Sept. 2013.
Total deposits: GEL 2.7188
bln (USD 1.634 bln) as of 30 Sept. 2013, of which 34.37% were current
accounts, 15.24% were demand deposits, and 50.39% were time deposits.
Net profit (loss) for 3Q 2013:
GEL 18,374,910 (USD 11.04 mln).
Number of branches: 158
as of the end of 2011.
Number of ATMs: 426
as of the end of 2011.
Number of employees: 7,301
on a consolidated basis as of the end of 2011.
Ownership structure: As of 30 Sept. 2013 the bank was owned
98.35% by Bank of Georgia Holdings PLC, 1.24% by the Bank of Georgia (Treasury
Shares), and 0.41% by other shareholders.
Among ultimate beneficial shareholders of the bank, the largest were Franklin
Templeton Investments (based in San Mateo, CA; 7.54%), the Firebird Group of
Funds (based in New York; 6.73%), the European Bank for Reconstruction and
Development (EBRD; 5.00%), and the International Financial Corporation (a
member of the World Bank Group; 5.00%).
Quarterly financial
statements for all banks in Georgia at website of the National Bank of Georgia,
2006-2013:
In English: Financial Indices of Commercial
Banks
Financial statements at
bank’s website:
In English: Audited annual
(and for some years semi-annual) financial statements, 2000-2012: Audited
Financial Statements
In English: Quarterly
statements submitted to the National Bank of Georgia, 2007-2013: Reporting
to the NBG
Ratings:
Moody’s Investors Service
– 27
September 2013:
Local currency deposit rating: B3 / Not Prime
Long-term foreign currency deposit rating: B1 / Not Prime
Short-term foreign currency deposit rating: B1 / Not Prime
Baseline credit assessment (BCA): ba3
Senior unsecured debt rating: Ba3
Outlook: Stable
Standard & Poor’s – 16
December 2011:
Long-term counterparty credit rating (issuer credit
rating, ICR): BB-
Short-term counterparty credit rating: B
Outlook: Stable
Stand-alone credit profile (SACP): bb-
Fitch Ratings – 14
June 2013:
Long-term foreign currency issuer default rating (IDR): BB-
Long-term local currency IDR: BB-
Outlook: Stable
Short-term foreign currency IDR: B
Short-term local currency IDR: B
Viability rating (VR):
bb-
Support rating:
4
Support rating floor:
B
Senior unsecured debt:
BB-
SWIFT Code: BAGAGE22
Contact info:
Phone: (+995) 32-2-444-444
Fax: (+995) 32-2-444-134
E-mail: welcome@bog.ge
(Minimum deposit: 500
GBP/USD/EUR/CHF/GEL)
GBP, USD, EUR: 3.00% a.p.r. for 90-179 days, 4.00% for
180-269 days, 4.50% for 270-359 days, 5.00% for 360-539 days.
CHF (rates available from
online deposit calculator): 2.00% a.p.r.
for 90-179 days, 3.00% for 180-269 days, 3.50% for 270-359 days, 4.00% for
360-539 days.
GEL: 7.00% a.p.r. for 90-179 days, 8.00% for
180-269 days, 8.50% for 270-359 days, 9.00% for 360-539 days.
