The FINANCIAL — Last week, London traded Bank of Georgia Holdings (BGEO LN) reached a 52 week peak at GBP 14.00. Share price increased 5.0% w/w to GBP 13.75 on Friday. During the week, up to 890,000 shares were traded in the range of GBP 13.08-14.00.
In the debt world, Georgia Sovereign (GEORG 04/21, -0.5% to 118.3) and Georgian Railway (GRAIL 07/22, -0.2% to 117.8) Eurobonds prices were down while Georgian Oil and Gas Corporation (GEOROG, 0% at 105.1) and Bank of Georgia (GEBGG 07/17, 0% at 104.6), Eurobonds remained at the same level.
On the Georgian Stock Exchange, JSC Liberty Consumer (GTC GG) shares were traded at GEL 0.06 (-33.33%), slightly reducing the BG Index by 0.07% to GEL 507.08.
Last week, the National Bank of Georgia (NBG) issued 7-day refinancing loans in the amount of GEL 100mn with an average yield amounting 5.27% (up 1bps). NBG also sold 182-day, GEL 30mn Certificates of Deposits last week. The average yield was 5.88% (down 1 bps).
As for the treasury debt, the next one-year T-bills auction is planned for February 13 with total estimated emission of GEL 15mn of 336 days term t-bills.
Central bank reserves up 2% m/m to US$ 2.9bn in January — National Bank of Georgia (NBG) gross international reserves increased for the second consecutive month and was up 1.7% m/m to US$ 2.9bn in January. Gross reserves are up 2.9% y/y.
Bank Deposits up by 2.7% to GEL 7.6bn in December 2012 — Total volume of the non-bank deposits in Georgian banking sector increased by 2.7% (by GEL 202.1mn) m/m to over GEL 7.6bn, comprising 3.2% growth of demand-deposits (by GEL 100.9mn) and 2.4% growth of the deposits (by GEL 101.1mn). Most of the deposits denominated in foreign currency, or 80.2%, are in US$, while only 17.1% are in EUR.
Discussion about this post