Types of collateral

     

     

    In line with the decision of the Board of the National Bank of Georgia , the types of collateral for loans from the National Bank of Georgia are as follows:



    1. Lari denominated debt securities issued by the National Bank of Georgia and by the Government of Georgia
    2. Lari denominated debt securities issued by the International Financial Institutions
    3. Debt securities issued as a public placement in accordance with the "Law of Georgia on Securities Market" by the resident and non-resident legal entities and securities issued as a private placement till January 1, 2018, denominated in Lari, but excluded debt securities issued by the commercial banks operated in Georgia;
    4. Loan assets of commercial banks

     

    Collateral eligible for the National Bank of Georgia is regulated under the "Regulation on Collateral Management of the National Bank of Georgia".

     

    Debt Securities issued by the National Bank of Georgia and the Government of Georgia includes: 

     

    1.Certificates of Deposit issued by the National Bank of Georgia;
    2. Treasury Bills issued by the Government of Georgia;
    3. Treasury Notes issued by the Government of Georgia;
    4. Government Bonds issued by the Government of Georgia.

     

    Types of Eligible Collateral

    Debt Securities



    Minimum credit rating for the securities issuers acceptable to the monetary operations of the National Bank of Georgia is defined as the lowest among the publicly available ratings assigned by the four international credit rating agencies: Standard & Poors, Moody's, Fitch and Scope Ratings.

     

    Lari denominated debt securities issued by the International Financial Institutions include Lari denominated Bonds issued by the European Bank for Reconstruction and Development (EBRD), Asian Development Bank (ADB), International Financial Corporation (IFC), Dutch Development Bank (FMO) and Black See Trade and Development Bank (BSTDB).

     


    Securities issuers acceptable to the monetary operations of the National Bank of Georgia:

     

    The Issuers of Debt Securities,which are eligible for the monetary operations with the National Bank of Georgia


    Long-term Credit Rating of the securities issuer

       Fitch   

    S&P  

    Moody's

    Scope Ratings


    European Bank for Reconstruction and Development (EBRD)

     AAA

     AAA

     Aaa

     -


    Asian Development Bank (ADB)

     AAA

     AAA

     Aaa

     -


    International Financial Corporation (IFC)

     -

     AAA

     Aaa

     -


    Dutch Development Bank (FMO)

     AAA

     AAA

     -

     -

     
    Black See Trade and Development Bank (BSTDB)

     -

     A-

     A2

     -


    ”Georgian Water and Power” (GWP) LLC

     B+

     -

    -

     -


    JSC "EVEX Hospitals"

     B+

     -

     -

     BB-


    JSC "Silknet"

     B

     -

     B1

     -


    JSC "Nikora Trade"

     -

     -

     -

      B+


    JSC MFO "Crystal" *

    B

     -

     -

     -


    JSC "Georgian Beer Company"

      -

     -

     -

    BB-


    JSC "Swiss Capital" *

     -

     -

     -

     B


    "Tegeta Motors" LLC

     -

     -

     -

     BB-


    JSC "Nikora"

     -

     -

     -

      BB-


    JSC "TBC Leasing"

     BB-

      -

      -

     -

     

    * - Bonds issued before April 1 2019 are eligible with NBG

     

    Loan Assets

     

    Commercial bank loan assets eligible for the National Bank of Georgia must meet the terms and criteria defined by the Board of the National Bank of Georgia.