Make it your homepage |   E-mail: Subscribe Unsubscribe

NBG: External Shocks Remain a Significant Risk


Wednesday, April 16, 2014
News Making Money

Georgian Weekly Market Watch (January 14 – January 18)

21/01/2013 19:48 (449 Day 11:55 minutes ago)

The FINANCIAL -- Last week, London traded Bank of Georgia Holdings (BGEO LN) share price increased 3.2% to GBP 12.33. During the week, up to 287,000 shares were traded in the range of GBP 11.74-12.33.

ADVERTISEMENT

 

In the debt world, Georgia Sovereign (GEORG, +0.8% to 118.2), Georgian Oil and Gas Corporation (GEOROG, +0.3% to 105.5), Georgian Railway (GRAIL 07/22, +0.5% to 118.0) and Bank of Georgia (GEBGG, +0.4% to 104.1) Eurobonds prices were all up.

 

On the Georgian Stock Exchange, only Liberty Bank (BANK GG) shares were traded closing at GEL 0.0065 (up 8.3% w/w), while the BG Index was almost unchanged at 485.0.

Money market -- Last week, the National Bank of Georgia (NBG) issued 7-day refinancing loans in the amount of GEL 300mn with an average yield amounting 5.26% (up 1bps). NBG also sold 84-day, GEL 30mn Certificates of Deposits last week. The average yield was 5.98% (down 16bps).

 

As for the treasury debt, Ministry of Finance sold one-year T-bills in the amount of GEL 10mn with the yield ranging between 6.08-6.10%. Average yield equalled 6.09% (down 19bps). The next five-years T-notes auction is planned for January 23 with total estimated emission of GEL 10mn.

 

Georgia’s money transfer inflows grew 7% y/y in December -- Total money transfers in December grew 9% y/y to US$ 146mn, as foreign workers sent US$ 134mn in remittances back to Georgia (up 7% y/y). Russia accounted for around 54% of total foreign money transfers in December followed by Greece (12%) and Italy (7%).

 

 

Make Your Comment

Add NewSearchRSS
Only registered users and facebook social network members can write comments!

This text is replaced by the Flash movie.
This text is replaced by the Flash movie.
Politics
More Republicans See Health Care Stance as ‘Very Important’ to Midterm Vote

12/04/2014 10:42 (3 Day 21:01 minutes ago)

The FINANCIAL -- In looking ahead to this fall’s elections, Republicans are more likely than Democrats to view a candidate’s position on the Affordable Care Act as very important to their vote.

Read more...



TRAVEL BIZ »
PRESS RELEASES »
FINANCIAL »
UKRAINE »
GEORGIA »
WORLD »
BANKS »
BUSINESS »
TECH »
MARKETS »
B SCHOOLS »
SPECIAL REPORTS »

Markets
Attack of the Clones: New Kids on the Block Shake Up CEE Consumables Space

12/04/2014 16:44 (3 Day 14:59 minutes ago)

The FINANCIAL -- Thriving sales of cheap new-build compatible products are having a profound impact on the CEE printer and MFP consumables market, according to global market intelligence firm International Data Corporation (IDC).

INSURANCE
Nearly 80% of European insurers are on track to implement Solvency II by 1 Jan 2016

11/04/2014 18:01 (4 Day 13:42 minutes ago)

The FINANCIAL -- Nearly 80% of European insurers expect to meet Solvency II requirements before January 2016, according to EY’s European Solvency II Survey 2014. Overall, Dutch, UK and Nordic insurers are the best prepared, while French, German, Greek and East European (CEE) insurers are less confident, according to Ernst & Young Global Limited.

Read more...






Developed by Aleksandre Chiabrishvili

Design built by Creo Group