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 denominated in Lari, but excluded debt securities issued by the banks operated in Georgia
    4. Covered bond and loan asset of banks

     

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

     

     

    Regulation on Financial Collateral Management of NBG



    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.

     

    Debt Securities



    Minimum credit rating for the debt securities issuers acceptable for the monetary operations of the National Bank of Georgia is defined as the lowest among the publicly available ratings assigned by the foloowing international credit rating agencies: Standard & Poors (S&P), Moody’s, Fitch and Scope Ratings, with following conditions:


        a) If only one Credit Rating is available then this available rating will be used;
        b) If two/three rateings are available -  second best should be used;

     

    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).

     


    The list of Issuers, whose Issued Bonds are used as Collateral for the Monetary Operations of the NBG:

     

    Bond Issuers 

    ID

    Long-term Credit Rating  

     Fitch   

    S&P  

    Moody's

    Scope Ratings


    European Bank for Reconstruction and Development (EBRD)

     

     AAA

     AAA

     Aaa

     -


    Asian Development Bank (ADB)

     

     AAA

     AAA

     Aaa

     -

    Asian Infrastructure Investment Bank (AIIB)

     

    AAA

    AAA

    Aaa

     


    International Financial Corporation (IFC)

     

     -

     AAA

     Aaa

     -


    Dutch Development Bank (FMO)

     

     AAA

     AAA

     -

     -

     
    Black See Trade and Development Bank (BSTDB)

     

     -

     BBB

    Baa2

     -


    Georgian Water and Power (GWP)

    203826002

     B+

     -

    -

     -


    EVEX Hospitals

    404476205

     -

     -

     -

     BB-


    Silknet

    204566978

     B+

     -

     B1

     -


    Nikora Trade

    206255808

     -

     -

     -

    BB-


    Georgian Beer Company

    404900737

      -

     -

     -

    BB-


    Tegeta Motors

    202177205

     -

     -

     -

     BB-


    Nikora

    200050675

     -

     -

     -

      BB-

    TBC Leasing

    205016560

     BB

      -

      -

     -

    Microfinance Organization Rico Express

    		 205034639

    -

    -

    -

    B+

    Cellfie Mobile

    		 204450584

     

     

     

    BB-

     

     

    Loan Assets

     

    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.