Tracking Georgia's Economic Recovery
BANK OF GEORGIA'S BUSINESS CONTINUITY PLAN
The Group has introduced a number of resilience protocols and a comprehensive Business Continuity Plan ("BCP"). BCP focuses on three
main pillars: Operating continuity and efficiency (employees, customers and community), capital, and liquidity and funding positions
EMPLOYEES
Anticipated national lockdown and
promptly shifted all of our 2,000+
back office employees to remote
work
Implemented extensive
measures in the front office
safety
Provided transportation
to front
office employees
CUSTOMERS
Offered 3-month payment holidays on
retail loans
Strengthened safety measures in cash
vault and ensured uninterrupted cash
supply
Enabling businesses to adapt
operations and switch to digital sales
Enabling more retail customers to go
digital by launching mBank without
data package and removing fees on
mBank/iBank transactions for 2 months
SUPPORTING PUBLIC HEALTH
Financed and donated 20,000 PCR
tests, 10 respirators, 50,000 face.
masks and 60,000 gloves to the
Ministry of Health of Georgia
Implemented maximum
measures in our branches
safety
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CAPITAL ADEQUACY
Upfront provision of c.GEL 400 million for the full economic cycle
Strong internal capital generation
Strengthening capital position through Tier 2 instruments: The
Bank drew-down a $55 million second tranche of a Tier 2 capital
instrument initially arranged in December 2019
Dividends: Dividends will be resumed once the released capital
buffers are rebuilt
IQUIDITY AND FUNDING
Strong liquidity and funding positions even following the
repayment of GEL 500 million local currency bonds due in June
2020
Strong support from IFIs: The Bank achieved commitments for
US$200 million from IFIs during the first nine months of 2020
Maintaining high liquidity given COVID-19-related uncertaintyView entire presentation