Assets eligible as a collateral for the loans of the NBG

Long term credit rating of the securities issuer

Ratio of the Refinancing Loan, One Month Open Market Instrument, Overnight loan and interest accrued on them and/or the intraday loan to the nominal value of the collateralized assets according to the residual maturities (year) of these assets

S&P, Fitch and Scope Ratings scale

Moody's scale

Less than 2 years

From 2 years to 5 years

More than 5 years

1

GEL denominated debt securities issued by the NBG and the Government of Georgia

 -

 -

95%

95%

95%

2

GEL denominated debt securities issued by International Financial Institutions

AAA, AA+, AA, AA-

Aaa, Aa1, Aa2, Aa3

95%

95%

95%

A+, A, A-, BBB+, BBB

A1, A2, A3, Baa1, Baa2

90%

90%

90%

3

Covered bonds that comply with the requirements of paragraphs 2 and 3 of Article 4 of the “Regulation on the Management of Financial Collateral of the NBG” (hereinafter the Regulation), approved by Resolution No. 1 of the NBG Board, dated 8 April 2024

≥ BB-

≥ Ba3

92%

92%

90%

4

Covered bonds that comply with the requirements of paragraphs 2 and 3 of Article 4 of the Regulation and are issued exclusively for the NBG monetary operations

≥ BB-

≥ Ba3

87%

87%

85%

5

Corporate bonds that comply with the requirements of paragraph 3 of Article 3 of the Regulation

AAA ≤ BBB-

AAA ≤ Baa3

90%

85%

80%

BB+ ≤ BB-

Ba1 ≤ Ba3

85%

80%

75%

B +

B1

80%

75%

70%

6

Credit Claims comply with the requirements of paragraph 4 of Article 6 of the Regulation

-

-

80%

80%

80%