wliuri angariSgeba saqarTvelos fasiani qaRaldebis erovnul ... · gaurkveveli vadiT, vinaidan Sps `svirSi~ Sevida finansuri policia, gamoZieba amJamadac mimdinareobs. procesi jer ar

wliuri angariSgeba

saqarTvelos fasiani qaRaldebis erovnul komisias

1. wliuri angariSis wardgenis TariRi (ivseba komisiaSi): ` ~ 2009 weli

2. wliuri angariSi Sedgenilia 2008 sameurneo wlisaTvis

3. angariSis warmdgeni sawarmos dasaxeleba (wesdebis mixedviT): s.s. `saqarTvelos banki~

4. angariSis registraciis nomeri (ivseba komisiaSi):

5. angariSis warmdgeni sawarmos iuridiuli misamarTi, telefonisa da faqsis nomrebi:

q. Tbilisi, 0105 , puSkinis quCa #3, tel: 444-227, 444-128; faqsi: 444-127

6. mieTiTos, rom ar aris es sawarmos pirveli wliuri angariSi: ar aris

wliuri angariSis Sinaarsi:

sakiTxi I – sawarmos saqmianoba

sakiTxi II – sawarmos qoneba

sakiTxi III – sasamarTlo procesi

sakiTxi IV – sakiTxebis gatana aqcionerTa saerTo krebaze

sakiTxi V – sawarmos fasiani qaRaldebiT vaWroba

sakiTxi VI – SerCeuli finansuri informacia sakiTxi VII – mmarTveli organos mier sawarmos finansuri mdgomareobisa da saqmianobis

Sedegebis mimoxilva da analizi

sakiTxi VIII – sawarmos mflobelobaSi arsebuli fasiani qaRaldebis sabazro riski

sakiTxi IX – finansuri angariSebi

sakiTxi X – sawarmos mier SerCeuli auditoris Secvla

sakiTxi XI – mmarTveli organos wevrebi da sxva mniSvnelovani Tanamdebobis pirebi

sakiTxi XII – sawarmos xelmZRvanelTa anazRaureba sakiTxi XIII – pirebi, romlebic saerTo krebaze xmaTa 5%-s an mets floben an

akontroleben

sakiTxi XIV – dakavSirebuli mxareebi da urTierTobebi

sakiTxi XV – damadasturebeli danarTebi da mimdinare angariSebi

sakiTxi XVI – xelmowerebi

ss.”saqarTvelos bankis” saqarTvelos fasiani qaRaldebis erovnul komisiaSi wliuri angariSgeba

ss `saqarTvelos banki~

2

Tavi 1. sawarmos saqmianoba, qoneba, sasamarTlo procesi da aqcionerTa saerTo krebaze gamotanili sakiTxebi

muxli 1. sawarmos saqmianoba 1.1 saqmianobis ZiriTadi arsis aRwera

ss `saqarTvelos banki~ warmoadgens universalur komerciul banks, romelic saqarTvelos erovnuli bankis mier gacemuli generaluri licenziis safuZvelze Tavis klientebs uwevs sakredito, safinanso, saangariSsworebo, sakaso da sxva saxis sabanko momsaxurebas.

muxli 2. sawarmos qoneba

2.1 `saqarTvelos bankis~ balansze ricxuli ZiriTadi saSualebebis sasicocxlo vadebi warmodgenilia winamdebare cxrilSi:

sicocxlis xangrZlivoba

Senoba 50 weli

aveji da mowyobilobebi 10 weli

kompiuterebi da saofise aRWurviloba 5 weli

avto-satransporto saSualebebi 5 weli

2.2 aramaterialuri aqtivebi

`saqarTvelos bankis~ balansze ricxuli aramaterialuri aqtivebi, umetes wilad gulisxmobs kompiuterul programebze gaweul danaxarjebs da gudvils. gudvili warmoadgens SeZenis Rirebulebis metobas Sesyiduli Svilobili kompaniis wminda aqtivebSi jgufis wilis

sabazro Rirebulebaze, SeZenis TariRisTvis. Svilobili kompaniis Sesyidvis gudvili CarTulia aramaterialur aqtivebSi.

aramaterialuri aqtivebi 31.12.2008 mdgomareobiT (aTas larebSi ara audirebuli, ara konsolidirebuli, IFRS)

sabalanso Rirebuleba 31,683

dagrovili cveTa 4,710

narCeni Rirebuleba 26,973



3

2.3 detaluri informacia `saqarTvelos bankis~ balansze ricxuli qonebis Sesaxeb

ss `saqarTvelos bankis~ balanze ricxuli ZiriTadi saSualebebi 31.12.2008 mdgomareobiT.

(aTas larebSi ara audirebuli, ara konsolidirebuli, IFRS)

muxli 3. sasamarTlo procesebi (31.12.2008 mdgomareobiT)

1. fizikur pirTa jgufi (bankis yofili TanamSromlebi) – banki. iTxoven vaSlijvris

binebze qiravnobis uflebis aRiarebas (aRiarebiTi sarCeli). sarCeli Setanilia 2004 wlis dekemberSi. mosarCeleebs xelT aqvT binis orderebi, romlebic gacemulia im sacxovrebel saxlze (vaSlijvris ubanSi), romelsac 1990-92 wlebSi aSenebda

`binsocbanki~, magram mSeneblobis dasruleba ver moxerxda saqarTveloSi im droesaTvis arsebuli mZime finansuri mdgomareobis gamo. mSenebloba arc SemdgomSi dasrulebula. saqarTvelos banki warmoadgens yofili binsocbankis samarTalmemkvidres. 2002 wels bankma dausrulebeli Senoba gaasxvisa sam fizikur

pirze. gasxviseba moxda ise, rom am orderebis arseboba aravis gaxsenebia. saqmeSi mopasuxeebad CarTulni arian aseve Tbilisis meria da mTawminda-krwanisis raionis gamgeoba. davis sagnis Rirebulebis gansazRvra SeuZlebelia, magram Tu bankma procesi

waago asanazRaurebeli Tanxa didi iqneba. pirvel instanciaSi procesi dasrulda bankis mogebiT. saapelacio sasamarTloSi saqme dasrulda bankis sawinaaRmdegod, gamovida axali gadawyvetileba da sarCelis dakmayofilda. uzenaesma sasamarTlom

gaauqma saapelacios gadawyvetileba da saqme daabruna ukan isev saapelacioSi xelaxla gansaxilvelad. procesebi mindinareobs.

2. inteleqtbankis aqcionerebi (mosarCeleebi) - er. banki, saqarTvelos banki,

inteleqtbankis droebiTi administracia. mosarCeleebi iTxoven erovnuli bankis vice-prezidentis im brZanebebisa da gankargulebebis baTilobas, romliTac inteleqtbankSi Sevida droebiTi administracia. mosarCeleebi iTxoven aseve aqtiv-

pasivebis gadacemis xelSekulebis baTilobas. procesis msvlelobisas er.bankma waradgina sxvadasxva mtkicebulebebi, romlebic safuZvlad daedo droebiTi administraciis Sesvlas. mosarCeleebma ver warmoadgines mtkicebulebebi, romlebic

daadasturebda bankis finansuri mdgomareobis gaumjobesebis garantiebs. pirvel instanciaSi procesi dasrulda bankis sasargeblod. bankis poziciebi myaria, radgan mosarCeleebs ar gaaCniaT myari argumentebi maszed, rom umokles vadebSi SeeZloT

miwa da

Senobebi

kompiu

ter

ebi

da

mowyo

biloba

satranpo

rto

saSual

ebebi

avej

i da

aRWurviloba

sxva Zir. saS.

dau

mT. kap.

dabandebani

ij

ariT

aRebuli

qonebaze

gaweu

li kap.

danaxar

jebi

sul

sabalanso Rirebuleba 110,421 26,164 6,688 32,221 33,287 36,148 7,497 252,425 dagrovili cveTa 2 10,096 2,178 6,390 7,308 2,642 28,616 narCeni Rirebuleba 110,419 16,067 4,510 25,831 25,979 36,148 4,855 223,809



4

bankSi msxvili investoris Semoyvana, xolo maT mier warmodgenili mtkicebulebebi, rom TiTqos maT ukve hqondaT dafaruli didi nawili problemuri sesxebisa da didi

nawili iyo restruqturizebuli ar dadasturda. sadavo Tanxis gansazRvra Znelia, Tu bankma procesi sabolood waago zarali Zalian didi iqneba. bankis pozicia myaria. mosarCeleebma Seitanes saapelacio saCivari. 13 ivniss gamocxadda gadawyvetileba,

saapelacio saCivari ar dakmayofilda. saqmeze Setanilia sakasacio saCivari da procesi jer ar daniSnula.

3. mosarCele fin. saministro – mopasuxe ìnteleqtbanki, Sps `sviri~. mosarCele iTxovs

`svirze~ gacemuli sesxis, sargeblis da vadagadacilebebis dafarvas da sabanko garantiiT nakisri valdebulebis Sesrulebas. sarCeli Setanilia 11.10.2004w. fin. saministrom `svirze~ gasca sesxi 200 000 lari, romelic ar daabruna. sesxis

uzrunvelyofas warmoadgenda ìnteleqtbankis~ mier gacemuli sabanko garantia 240 000 larze, romelic ar iyo uzrunvelyofili. pirvelma instanciam sarCeli daakmayofila. saqme amJamad ixileba saapelacio sasamarTloSi. procesi SeCerda

gaurkveveli vadiT, vinaidan Sps `svirSi~ Sevida finansuri policia, gamoZieba amJamadac mimdinareobs. procesi jer ar CaniSnula. banki iTxovs, rom Tavdapirvelad Tanxebi amoRebul iqnes `sviris~ qonebis realizaciidan da Semdgom darCenil

davalianebas dafaravs banki. pozicia samarTlebrivad sustia, kanoniT da yvela mtkicebulebiT dgindeba rom sabanko garantia namdvilia da Tanxa unda gadaixados bankma. dava mimdinareobs saapelacio sasamarTloSi. magram aris aseve Zlieri

poziciebi, razec banks SeuZlia idavos da procesi gaWimos, rac miscems saSualebas `svirs~ dafaros davalianeba, `sviri~ ar uaryofs vals, acxadebs, rom gadaixdas daiwyebs, rogorc ki finansurad odnav moZlierdeba. sasamarTlo davis ganxilvisas

dairRva samarTalwarmoebis da procesi wesebi, sas. gadawyvetilebas arasaTanadod aris dasabuTebuli, swored es da kidev sxva mravali garemoeba aZlevs iZleva saSualebas procesi maqsimalurad didxans gaiwelos. banks hqonda kidev erTi sadavo

argumenti - moTxovnis xandazmuloba, rac iZleoda saSualebas sarCelze uaris Tqmisa sasamarTlos mier, magram mas Semdeg rac gasuli wlis dekemberSi svirma mniSvnelovani nawili Tanxisa, kerZod Ziri 200 000 gadaixada, xandazmuloba aRdga.

erTis mxriv es cudia xandazmulobis aRdgenis gamo, magram meores mxriv SesaZlebelia dava, raTa bankis pasuxismgebloba moixsnas, radgan `sviris~ mier mTlianobaSi (Ziri, procenti, jarima) ukva gadaxdilia 240 000, anu is Tanxa razec

bankma gasca garantia. saapelacio sasamarTlom saqme xelaxla gansaxilvelad daubruna pirveli instanciis sasamarTlos. procesebi mimdinareobs.

4. inteleqtbanki – Sps `luka~. banki iTxovs sakredito xelSekrulebiT nakisri

valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da vadagadacilebis dafarvas. sasarCelo moTxovnaa 160 558 aSS dolari. sarCeli Setanilia 19.07.2005w. bankis poziciebi myaria, wardgenilia yvela saTanado

mtkicebuleba. dava mimdinareobs Tbilisis saqalaqo sasamarTloSi. `lukam~ bankis sarCelze Seitana Segebebuli sarCeli da moiTxova 2002 welis mis mier inteleqtisTvis avtomanqanebis nasyidobisTvis gadaricxuli Tanxis, usafuZvlod

miRebuli 330 000 laris dabruneba da zianis anazRaureba. aRniSnul Segebebul sarCelze bankma waradgina Suamdgomloba, raTa sreditis da ipoTekis nawilSi inteleqtis uflebamonacvled Cabmuliyo saq.banki, xolo `lukas~ Segebebul sarCelze

mopasuxed Cabmuliyo ìnteleqtbanki~. sasamarTlom Cveni Suamdgomloba daakmayofila da gamoitana saTanado ganCineba. procesebi mimdinareobs.

5. inteleqtbanki – Sps `lale~. banki iTxovs sakredito xelSekrulebiT nakisri

valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da vadagadacilebis dafarvas. sasarCelo moTxovnaa 343 214 aSS dolari. sarCeli



5

Setanilia 05.10.2005w. bankis poziciebi myaria, wardgenilia yvela saTanado mtkicebuleba. dava mimdinareobs Tbilisis saqalaqo sasamarTloSi. procesi SeCerda

gaurkveveli vadiT, radgan `lales~ uflebamosili pirebis mimarT aRZrulia sisxlis samarTlis saqme.

6. banki – bukuCava, yuraSvili. banki iTxovs sakredito xelSekrulebiT nakisri

valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da vadagadacilebis dafarvas da ipoTekiT datvirTuli da dagiravebuli qonebis realizacias. sasarCelo moTxovnaa 45 532,34 lari. sarCeli Setanilia 09.07.2007w.

bankis poziciebi myaria, wardgenilia yvela saTanado mtkicebuleba. SesaZlebelia procesi dasruldes morigebiT.

7. mukniaSvili, `bombora – banki. mosarCele iTxovs saqarvelos bankis damfuZneblad

aRiarebas. sarCels amyarebs im garemoebiT, rom man 1993 wels damfuZnebelTa krebis oqms moawera xeli da gadaricxa `saqbinsocbankis~ sadamfuZneblo fondSi 200 000 maneTi. sarCelze darTulia sagadasaxado davaleba. banks wardgenili aqvs Sesagebeli,

romliTac vasabuTebT, rom mosarCelem daafuZna ara `saqbinsocbanki, aramed `socbanki~, romelic dRes likvidirebulia. bankis poziciebi myaria, radgan praqtikaSi gvqonda bevri analogiuri davebi, romlebic Cvens sasargeblod dasrulda. pirvel instanciaSi

procesi dasrulda bankis sasargeblod, romelic ZalaSi datova saapelaciomac. 8. banki - i/m “guram gogberaSvili“. banki moiTxovs mis mier kreditis saxiT gacemuli

Tanxis darCenili nawilis 39983 aSS dolaris dakisrebas da qonebis realizacias.

07.02.2006w. procesi mimdinareobs. bankis pozicia myaria, wardgenilia yvela mtkicebuleba. procesebi dasrulda morigebiT.

9. banki – qitiaSvili. gadauxdeli kreditis 27009 laris dabruneba da ipoTekiT

datvirTuli qonebis realizacia. procesi jer ar CaniSnula. 01.06.2006w. bankis pozicia myaria, wardgenilia yvela mtkicebuleba. pirvel instanciaSi dasrulda bankis sasargeblod;

10. banki – JuJuna zautaSvili. gadauxdeli kreditis 100530 aSS dolaris dabrunebis da ipoTekiT datvirTuli qonebis realizacia. sarCeli Setanilia 30.11.2007. procesebi mimdinareobs.

11. banki - medea zautaSvili. gadauxdeli kreditis 69821 aSS dolaris dabrunebis da ipoTekiT datvirTuli qonebis realizacia. sarCeli Setanilia 16.11.2007. procesebi mimdinareobs.

12. banki - z. romanaZe, a. baRaTuria, z.cincaZe, q. cecxlaZe, p. gazakaSvili. l. berZeniSili, T. zambaxiZe. gadauxdeli kreditis 205 826 evros dabrunebis da ipoTekiT datvirTuli qonebis realizacia. sarCeli Setanilia 08.07.2007. procesi

ar CaniSnula. 13. banki – malxaz ramiSvili, Sps `metali~ gadauxdeli kreditis 15565 aSS dolarisa

dabruneba da ipoTekiT datvirTuli qonebis realizacia. sarCeli Setanilia 10.10.05.

bankis pozicia myaria, wardgenilia yvela mtkicebuleba. procesebi mimdinareobs. 14. banki _ vasil jafaraSvili. banki iTxovs mopasuxis mimarT sakredito davalianebis

gadaxdis Sesaxeb; (Setanilia sasamarTloSi 2007 wlis 23 maisi); miRebulia

warmoebaSi. (mos: m. Wedia); vasil jafaraSvilis mimarT uZrav qonebaze yadaRis dadebis Sesaxeb, 2007 wlis 23 maiss miRebuli ganCinebiT mopasuxis qonebas daedo yadaRa. sarCeli dakmayofilda da vasil jafaraSvils daekisra davalianebis_ 182 661. 74 aSS

dolaris gadaxda. mimdinareobs aRsruleba; 15. banki - mamuka alasania, xaTuna abaSiZe_saqalaqo sasamarTloSi Setanilia 2007 wlis

12 oqtombers. davalianebaa 166 136. 7 aSS dolari. procesebi mimdinareobs;



6

16. banki - ilkin nurievi_gardabnis sasamarTloS Setanilia 2007 wlis 28 noembers, banki iTxovs davalianebis dafarvas da ipoTekis realizacias. moTxovna: 19 184.6 aSS

dolari; sarCeli dakmayofilda, mimdinareobs aRsruleba; 17. banki - rizvan muradovi_marneulis raionuli sasamarTlo, Setanilia 2007 wlis 6

dekembers. savaraudod procesi male unda CainiSnos; davalianebaa 35 884.28 aSS

dolari, uzrunvelyofaSia ipoTekiT datvirTuli uZravi qoneba sofel yizilajloSi; 18. ss `borjomis turistuli gaerTiaeneba~ (mosarCele) - banki (mopasuxe). davis sagani:

sajaro auqcionze sarealizacio fasi – 500 000 aSS. bankma Seitana sarCeli ss

`borjomis turistuli gaerTianebis winaaRmdeg daubrunebeli kreditis da ipoTekiT datvirTuli qonebis realizaciis moTxovniT. pirvel instanciaSi dasrulda morigebiT, Tanaxmad 02.11.01w ganCinebisa, romelic Sevida ZalaSi, magram morigebis

pirobis darRvevis gamo amoiwera saaRsrulebo furceli. mosarCelem Seitana sarCeli da moiTxova aRsrulebis SeCereba da qonebis sarealizacio fasis gazrda. pirvel (13.11.03w. ganCineba) da meore instanciebSi (09.04.04w. ganCineba) dava dasrulda

bankis sasargeblod da saboloo ganCineba Sevida ZalaSi. aRsruleba gagrZelda, dainiSna auqcioni da moxda qonebis realizacia, sadac qoneba SeiZina saqarTvelos bankma da riTac gadawyvetileba aRsrulebulad iTvleba. mosarCelis mier xelmeored

gasaCivrda sasamarTlo aRmasruleblis moqmedeba auqcionze sarealizacio fasis arasworad dadgenis gamo da moiTxova auqcionis Sedegebis batiloba. sasamarTloSi Setanis TariRia 06.06.06w. sarCelis motivad miTiTebuli is garemoeba, rom qoneba

gaiyida Zalian dabal fasad, xolo auqcionis daniSvnis TariRi misTvis ucnobi iyo. dava mimdinareobs axalcixis raionul sasamarTloSi. bankis pozicia ar aris myari. raionulma sasamarTlom sarCeli daakmayofila. bankis saapelacio saCivari ar

dakmayofilda. amJamad Setanilia sakasacio saCivari. 19. banki – xaoiani qsovilebis fabrika - gadauxdeli kreditis 89755 larisa

dabrunebisa da ipoTekiT datvirTuli qonebis realizacia. sarCeli Setanilia

04.02.2005. pirvel instanciaSi da saapelacioSi dava dasrulda bankis mogebiT. saapelacio sasamarTlos gadawyvetileba gasaCivrda da saqme gadagzavnilia sakasacio sasamarTloSi. bankis pozicia myaria. sakasacio sasamarTlom mopasuxis kasacia ar

daakmayofila, amJamad gamoTxovilia saaRsrulebo furceli, magram mopasuxis erT-erTma kreditorma Seitana sasamarTloSi gancxadeba gakotrebis Sesaxeb, romelmac SeaCera aRsruleba. bankis poziciebi myaria.

20. banki – goderZi kakabaZe. gadauxdeli kreditis 17 356 aSS dolaris dabruneba da ipoTekiT datvirTuli qonebis realizacia. sarCeli Setanili 03.12.2003w. dasrulda bankis sasargeblod, auqcionze gatanili qoneba SeiZina bankma, magram msesxebels mieca

garkveuli vada sesxis dasafaravad. bankis pozicia myaria. 21. banki – lomaia. banki iTxovs sakredito xelSekrulebiT nakisri valdebulebebis

Sesrulebas, kerZod - sabanko kreditis, sargeblisa da vadagadacilebis dafarvas.

sarCeli Setanilia 15.01.2007w. sadavo Tanxa 22 667 aSS dolari. pirvel instanciaSi sarCeli dakmayofilda. mimdinareobs aRsruleba bankis pozicia myaria.

22. banki - nino rigvavas, jiqia, mgalobliSvili. banki iTxovs sakredito xelSekrulebiT

nakisri valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da vadagadacilebis dafarvas da ipoTekiT datvirTuli da dagiravebuli qonebis realizacias, Tavdebisagan solidarul gadaxdevinebas. bankis poziciebi myaria.

sarCeli Setanilia zugdidis raionul sasamarTloSi 2007 wlis 16 ivniss, sarCeli dakmayofilda, mimdinareobs aRsruleba. sasarCelo moTxovna: 15 865 lari;

23. banki – Sps `papirusi~. banki iTxovs sakredito xelSekrulebiT nakisri

valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da vadagadacilebis dafarvas da ipoTekiT datvirTuli da dagiravebuli qonebis



7

realizacias. bankis poziciebi myaria. sarCeli Setanilia Tbilisis sasamarTloSi 2008 wlis 5 maiss. sarCeli dakmayofilda. sasarCelo moTxovna: 272 454 aSS

dolari; 24. banki – Sps `dsd-jgufi~. banki iTxovs sakredito xelSekrulebiT nakisri

valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da

vadagadacilebis dafarvas da ipoTekiT datvirTuli da dagiravebuli qonebis realizacias. bankis poziciebi myaria. sarCeli Setanilia Tbilisis sasamarTloSi 2008 wlis 7 aprils. mopasuxem Semoitana Segebebuli sarCeli. bankis sarCeli

dakmayofilda nawilobriv. sasarCelo moTxovna: 272 454 aSS dolari; 25. banki – malxaz axalaia. banki iTxovs sakredito xelSekrulebiT nakisri


vadagadacilebis dafarvas da ipoTekiT datvirTuli da dagiravebuli qonebis realizacias. bankis poziciebi myaria. sarCeli Setanilia zugdidis sasamarTloSi 2008 wlis 10 dekembers. sasarCelo moTxovna: 34000 lari;

26. banki – Sps `nika~. banki iTxovs sakredito xelSekrulebiT nakisri valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da vadagadacilebis dafarvas da ipoTekiT datvirTuli qonebis realizacias. bankis poziciebi myaria. sarCeli

Setanilia zugdidis sasamarTloSi 2008 wlis 10 dekembers. sasarCelo moTxovna: 25200 lari;

27. banki – roman tarielaZe. banki iTxovs sakredito xelSekrulebiT nakisri

valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da vadagadacilebis dafarvas da ipoTekiT datvirTuli qonebis realizacias. bankis poziciebi myaria. sarCeli Setanilia baTumis sasamarTloSi 2008 wlis 10 oqtombers.

sasarCelo moTxovna 86 000 lari; 28. banki – daviT gogitiZe. banki iTxovs sakredito xelSekrulebiT nakisri


vadagadacilebis dafarvas da ipoTekiT datvirTuli qonebis realizacias. bankis poziciebi myaria. sarCeli Setanilia baTumis sasamarTloSi 2008 wlis 11 noembers. sasarCelo moTxovna: 43 800 lari;

29. banki – nino da nana gvaliebi. banki iTxovs sakredito xelSekrulebiT nakisri valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da vadagadacilebis dafarvas da ipoTekiT datvirTuli da dagiravebuli qonebis

realizacias. bankis poziciebi myaria. sarCeli Setanilia foTis sasamarTloSi 2008 wlis 21 oqtombers. sasarCelo moTxovna: 28 400 lari;

30. banki – Sps `ti-vi-es kompi~. banki iTxovs sakredito xelSekrulebiT nakisri

valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da vadagadacilebis dafarvas da ipoTekiT datvirTuli qonebis realizacias. bankis poziciebi myaria. sarCeli Setanilia Tbilisis sasamarTloSi 2008 wlis 11 ivliss.

sasarCelo moTxovna: 15 300 aSS dolari; 31. banki – Sps `mkurnali~. banki iTxovs sakredito xelSekrulebiT nakisri


vadagadacilebis dafarvas da ipoTekiT datvirTuli qonebis realizacias. bankis poziciebi myaria. sarCeli Setanilia axalcixis sasamarTloSi 2008 wlis 20 ivliss dekembers. sasarCelo moTxovna: 120 300 lari;

32. banki – Sps `nikala~, irakli doliZe. banki iTxovs sakredito xelSekrulebiT da TavdebobiT nakisri valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da vadagadacilebis dafarvas da ipoTekiT datvirTuli qonebis

realizacias. bankis poziciebi myaria. sarCeli Setanilia Tbilisis sasamarTloSi 2008 wlis 1 seqtembers. sasarCelo moTxovna: 75 500 aSS dolari;



8

33. banki – Sps ùtiliti. banki iTxovs sakredito xelSekrulebiT nakisri valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da

vadagadacilebis dafarvas da ipoTekiT datvirTuli qonebis realizacias. bankis poziciebi myaria. sarCeli Setanilia Tbilisis sasamarTloSi 2008 wlis 1 seqtembers. sasarCelo moTxovna: 25 000 evro;

34. banki – mzia gagniZe. banki iTxovs sakredito xelSekrulebiT nakisri valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da vadagadacilebis dafarvas da ipoTekiT datvirTuli qonebis realizacias. bankis poziciebi myaria. sarCeli

Setanilia Tbilisis sasamarTloSi 2008 wlis 1 seqtembers. sasarCelo moTxovna: 90 600 aSS dolari;

35. banki – nana sxuluxia. banki iTxovs sakredito xelSekrulebiT nakisri

valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da vadagadacilebis dafarvas da ipoTekiT datvirTuli qonebis realizacias. bankis poziciebi myaria. sarCeli Setanilia Tbilisis sasamarTloSi 2008 wlis 30

oqtombers. sasarCelo moTxovna: 22 400 lari; 36. banki – elza vedernikova. banki iTxovs sakredito xelSekrulebiT nakisri


vadagadacilebis dafarvas da ipoTekiT datvirTuli qonebis realizacias. bankis poziciebi myaria. sarCeli Setanilia goris sasamarTloSi 2008 wlis 26 noembers. sasarCelo moTxovna: 28 400 lari;

37. banki – nino jariaSvili. banki iTxovs sakredito xelSekrulebiT nakisri valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da vadagadacilebis dafarvas da ipoTekiT datvirTuli qonebis realizacias. bankis

poziciebi myaria. sarCeli Setanilia Tbilisis sasamarTloSi 2008 wlis 2 dekembers. sasarCelo moTxovna: 64 300 aSS dolari;

38. banki – aleqsandre giligaSvili. banki iTxovs sakredito xelSekrulebiT nakisri

valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da vadagadacilebis dafarvas da ipoTekiT datvirTuli qonebis realizacias. bankis poziciebi myaria. sarCeli Setanilia Tbilisis sasamarTloSi 2008 wlis 27 noembers.

sasarCelo moTxovna: 44 000 aSS dolari; 39. banki – Sps `Siraqis karaqis qarxana~. banki iTxovs sakredito xelSekrulebiT

nakisri valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da

vadagadacilebis dafarvas da ipoTekiT datvirTuli qonebis realizacias. bankis poziciebi myaria. sarCeli Setanilia Tbilisis sasamarTloSi 2008 wlis 20 dekembers. sasarCelo moTxovna: 542 000 lari da 550 000 aSS dolari;

40. banki – zaza bandalaSvili. banki iTxovs sakredito xelSekrulebiT nakisri valdebulebebis Sesrulebas, kerZod - sabanko kreditis, sargeblisa da vadagadacilebis dafarvas da ipoTekiT datvirTuli qonebis realizacias. bankis

poziciebi myaria. sarCeli Setanilia Tbilisis sasamarTloSi 2008 wlis 30 dekembers. sasarCelo moTxovna: 21 900 aSS dolari;

muxli 4. sakiTxebis gatana aqcionerTa saerTo krebaze

I. 2008 wlis 22 Tebervlis aqcionerTa morig saerTo krebaze gatanili sakiTxebi.

1. ss “saqarTvelos banki”-s sameTvalyureo sabWos SemadgenlobaSi cvlilebebis Setana



9

krebis Tavmjdomarem aqcionerebs moaxsena, rom ss “saqarTvelos banki”-s sameTvalyureo sabWom miiRo batoni vladimer gurgeniZis ganacxadi sameTvalyureo sabWodan gadadgomis

Sesaxeb. krebis mier cnobad iqna miRebuli informacia b-n vladimer gurgeniZis sameTvalyureo sabWodan gasvlis Taobaze. krebis Tavmjdomarem, batonma nikoloz enuqiZem aqcionerebs warudgina ss “saqarTvelos banki”-s sameTvalyureo sabWoSi asarCevi piris, kaxaber (kaxa) kiknaveliZis, kandidatura. aqcionerebs miewodaT informacia kaxa kiknaveliZis gamocdilebisa da kvalifikaciis Sesaxeb

da sameTvalyureo sabWos winadadeba mxari daeWiraT warmodgenili kandidaturisaTvis imis gaTvaliswinebiT, rom damtkicebuli iqneba misi anazRaureba dRis wesrigis meore punqtis Sesabamisad. gadawyvetileba baton kaxa kiknaveliZis sameTvalyureo sabWoSi arCevis Sesaxeb miRebuli iqna erTxmad

2. sameTvalyureo sabWos wevris anazRaurebis damtkiceba krebis Tavmjdomarem aqcionerTa krebas auwya sameTvalyureo sabWos rekomendaciis Taobaze,

romlis Sesabamisadac batoni kaxa kiknaveliZes kompensaciis saxiT miecema weliwadSi 75,000 aSS dolaris Rirebulebis (saangariSo kvartlis ganmavlobaSi arsebuli maqmimaluri sabazro RirebulebiT) ss “saqarTvelos banki”-s aqciebi an depozitaruli xelwerilebi. amgvari

aqciebis (an depozitaruli xelwerilebis) gacema moxdeba kvartalurad. gadawyvetileba baton kaxa kiknaveliZis anazRaurebisa Sesaxeb miRebuli iqna erTxmad

3. ss “saqarTvelos banki”-s sarevizio komisiis SemadgenlobaSi cvlilebebis Setana da sarevizio komisiis wevris anazRaurebis damtkiceba krebis Tavmjdomarem aRniSna, rom ss “saqarTvelos banki”-s sameTvalyureo sabWos mier

miRebul iqna sarevizio komisiis Tavmjdomaris – irakli rexviaSvilis gancxadeba imis Taobaze, rom surs gamosvla bankis sarevizio komisiis Semadgenlobidan. krebis mier cnobad iqna miRebuli informacia b-n irakli rexviaSvilis sarevizio komisiidan

gasvlis Taobaze. ss “saqarTvelos banki”-s sarevizio komisiis Tavmjdomaris vakantur Tanamdebobebze sameTvalyureo sabWos mier wardgenili iqna batoni murTaz kikorias kandidatura. aqcionerebs miewodaT informacia aRniSnuli piris gamocdilebisa da kvalifikaciis Sesaxeb

da ecnobaT sameTvalyureo sabWos rekomendacia mxari daeWiraT warmodgenili kandidaturisTvis imis gaTvaliswinebiT, rom damtkicebuli iqneba misi anazRaureba. gadawyvetileba baton murTaz kikorias sarevizio komisiis wevrad arCevis Sesaxeb miRebuli

iqna erTxmad . 4. ss “saqarTvelos banki”-s wesdebaSi cvlilebebis Setana krebis Tavmjdomarem aqcionerebs moaxsena, rom ss “saqarTvelos banki”-s wesdebaSi Sevida garkveuli saxis cvlilebebi, romlebic winaswar iqna gavrcelebuli bankis menejmentis mier. aseve winaswar iqna gavrcelebuli bankis wesdebis Secvlili redaqcia.

aqcionerebs ganemartaT cvlilebis arsi da aRiniSna, rom cvlilebaTa ZiriTadi mizania “mewarmeTa Sesaxeb” kanonSi Setanil cvlilebebTan Sesabamisoba. gadawyvetileba ss “saqarTvelos banki”-s wesdebaSi cvlilebebis Setanis Sesaxeb miRebuli

iqna erTxmad.

II. 2008 wlis 30 maisis aqcionerTa morig saerTo krebaze gatanili sakiTxebi. 1. bankis 2007 wlis auditirebuli Sedegebis damtkicebis Sesaxeb;



10

krebis Tavmjdomarem ganacxada, rom auditoruli kompania “Ernst & Young Audit LLC”-s auditoruli daskvna da bankis 2007 wlis wliuri finansuri angariSi aqcionerebs

daurigdaT inglisur da qarTul enebze da aseve gamoqveynda bankis veb-gverdze. Tavmjdomarem mokled mimoixila 2007 wlis finansuri angariSi da mouwoda damswre aqcionerebs daemtkicebidaT audirebuli finansuri Sedegebi.

gadawyvetileba ss “saqarTvelos banki”-s 2007 wlis auditirebuli Sedegebis damtkicebis Sesaxeb miRebul iqna erTxmad.

2. direqtoratis angariSi bankis 2007 wlis saqmianobis Sesaxeb krebis Tavmjdomarem aqcionerTa krebas gaacno 2007 wlis ganmavlobaSi ss “saqarTvelos banki”-s warmatebuli saqmianobis Sedegebi da “saqarTvelos bankis” sameTvalyureo sabWosa da

direqtoratis xedva bankis samomavlo gegmebsa da strategiasTan dakavSirebiT. maT Soris aqcionerebs amcnes ss “saqarTvelos bankis” mier belarusiuli bankis aqciebis 70%-is Sesyidvis Taobaze. krebis Tavmjdomarem da generalurma direqtorma aseve upasuxes daswre

aqcionerebis kiTxvebs ss “saqarTvelos banki”-s ganvlili da samomavlo saqmianobis Sesaxeb. ss “saqarTvelos bankis”-s 2007 wlis saqmianobis Sesaxeb direqtoratis angariSgeba da bankis momavali gegmebi da strategia mowonebul da miRebul iqna erTxmad. 3. bankis nebadarTuli kapitalis gazrdisa da axlademitirebul aqciebze upiratesi Sesyidvis uflebis gauqmebis Sesaxeb. krebis Tavmjdomarem aqcionerebs auwya, rom bankis Semdgomi zrdisa da ganviTarebis dafinansebisTvis, mizanSewonilia bankis axali Cveulebrivi aqciebis gamoSveba nebadarTuli kapitalis formiT. sul SemoTavazebul iqna nebadarTuli kapitalis formiT 7,000,000

(Svidi milioni) axali Cveulebrivi aqciis gamocema. axali aqciebis gamocema gamiznulia bankis dafinansebisa da gafarToebis mizniT. axali nebadarTuli aqciebis gamoSvebas direqtorati SeZlebs mxolod sameTvalyureo sabWos winaswari TanxmobiT, aqcionerTa

saerTo krebis TariRidan Semdgomi 5 (xuTi) wlis ganmavlobaSi. sameTvalyureo sabWos SeTanxmeba unda moicavdes amgvari aqciebis gamoSvebis miznobriobas, fass da sxva pirobebs. gadawyvetilebis miRebis SemTxvevaSi, s.s. “saqarTvelos banki”-s gancxadebuli kapitali iqneba

39,835,619 (ocdacxrameti milion rvaas ocdaTxuTmeti aTas eqvsas cxrameti) lari, anu 39,835,619 (ocdacxrameti milion rvaas ocdaTxuTmeti aTas eqvsas cxrameti) aqcia. gadawyvetilebas ss “saqarTvelos banki”-s nebadarTuli kapitalis gazrdis (7,000,000 cali

axali Cveulebrivi aqciis gamocemis gziT) Sesaxeb mxari dauWires aqcionerebma, saerTo jamSi 28,690,531 xmiT, rac Seadgenda damswre xmebis xmebis 96.99%-s. gadawyvetilebas mxari ar dauWires aqcionerebma saerTo jamSi 884,010 xmiT, rac Seadgenda damswre xmebis 2.99%-s.

Tavi Seikaves 7,605 xmis mflobelma aqcionerebma, rac Seadgenda damswre xmebis 0.03%. Sesabamisad, zemoaRniSnuli gadawyvetileba miRebul iqna aqcionerTa krebis mier. krebis Tavmjdomarem aRniSna, rom mizanSewonili da aucilebelia nebadarTuli kapitalis

formiT gamocemul 7,000,000 (Svidi milioni) aqciaze gauqmebul iqnas upiratesi Sesyidvis ufleba raTa saWiroebis SemTxvevaSi saswrafod moxdes axali aqciebis gamoSveba.

gadawyvetilebas ss “saqarTvelos banki”-s nebadarTuli kapitalis formiT gamocemul 7,000,000 cal aqciaze upiratesi Sesyidvis uflebis gauqmebis Sesaxeb mxari dauWires aqcionerebma, saerTo jamSi 28,698,136 xmiT, rac Seadgenda damswre xmebis xmebis 97.01%-s.

gadawyvetilebas mxari ar dauWires aqcionerebma saerTo jamSi 884,010 xmiT, rac Seadgenda damswre xmebis 2.99%-s.

4. bankis wesdebaSi cvlilebebis Setanis Sesaxeb.



11

krebis Tavmjdomarem aqcionerebs moaxsena, rom ss “saqarTvelos banki”-s wesdebaSi Sevida garkveuli saxis cvlilebebi, romlebic winaswar iqna gavrcelebuli bankis menejmentis mier.

aseve, winaswar iqna gavrcelebuli bankis wesdebis Secvlili redaqcia aqcionerebs aseve ganemrtaT, rom cvlilebebis Setanis aucilebloba ganpirobebuli iyo erTis mxriv, aqcionerTa krebis gadawyvetilebiT (gancxadebuli kapitalis gazrdis Taobaze), xolo meores

mxriv, ukanasknel periodSi saqarTvelos kanonmdeblobaSi (maT Soris “mewarmeTa Sesaxeb” da “komerciuli bankebis saqmianobis Sesaxeb” kanonebSi) ganxorcielebuli cvlilebebis gamo. damswre aqcionerma – b-ma g. lolaZem aRniSna, rom bankis veb-gverdze mocemul wesdebaSi ar

aris Setanili cvlileba wesdebis 9.2 muxlSi, rogorc es asaxul iqna wesdebaSi Sesatani cvlilebebis komentarebSi. aqcionerebs ganemartaT, rom kenWi unda eyaros wesdebas komentarebis mixedviT, anu 9.2 punqti unda Camoyalibdes Semdegi redaqciiT:

direqtorati Sedgeba generaluri direqtorisa da aranakleb sami (3) direqtorisagan. generaluri direqtori da yvela danarCeni direqtori iniSneba ,,bankis" sameTvalyureo sabWos mier. gadawyvetilebas ss “saqarTvelos banki”-s ss “saqarTvelos banki”-s wesdebaSi cvlilebebis Setanis Sesaxeb mxari dauWires aqcionerebma, saerTo jamSi 28,698,136 xmiT, rac Seadgenda damswre xmebis xmebis 97.01%-s. gadawyvetilebas mxari ar dauWires aqcionerebma saerTo

jamSi 884,010 xmiT, rac Seadgenda damswre xmebis 2.99%-s.

5. ss „galt end Taggart banki“-sa da ss „saqarTvelos banki“-s Serwymis Sesaxeb krebis Tavmjdomarem aqcionerebs moaxsena, rom ss “saqarTvelos banki”-s direqtorati da

sameTvalyureo sabWo aqcionerebs uwevs rekomendacias raTa damtkicdes ss “galt end

Taggart banki”-s (bankis Svilobili kompania) Serwyma ss “saqarTvelos bankTan”, Semdgomi

pirobebis gaTvaliswinebiT:

1. ss “galt end Taggart bankma” da ss “saqarTvelos bankma” unda miiRon

maregulirebeli organoebis yvela Tanxmoba;

2. ss “saqarTvelos banki” (dReisaTvis 90.1% wilis mflobeli aqcioneri) ss “galt end

Taggart siqiuriTisgan” (bankis Svilobili kompania) SeiZens ss “galt end Taggart

bankis” aqciebis 9.9%-s;

3. Serwyma moxdeba ss “galt end Taggart bankisa” da ss “saqarTvelos bankis”

auditirebuli finansuri angariSis safuZvelze (sabalanso monacemebiT) erTi da imave

TariRis mdgomareobiT, romelic gansazRvruli iqneba Serwymis xelSekrulebaSi;

4. ss “galt end Taggart banksa” da ss “saqarTvelos banks” Soris dadebul Serwymis

xelSekrulebaSi gaTvaliswinebul iqnas Semdegi pirobebi:

• moxdeba ss “galt end Taggart bankis” Serwyma (mierTeba) ss “saqarTvelos

bankTan”;

• Serwymis Sedegad ss “galt end Taggart banki” Sewyvets arsebobas rogorc

iuridiuli piri;

• ss “galt end Taggart bankis” aqtivebi da valdebulebebi aisaxeba ss “saqarTvelos bankis” balansze misi (ss “saqarTvelos bankis”) nebadarTuli

kapitalis Seucvlelad;

• Serwymis Sedegad ss “saqarTvelos bankis” arsebuli aqcionerebis wilobrivi monawileoba darCeba ucvleli;

• Serwymis dasruleba moxdeba Sesabamisi maregistrirebel organoebTan registraciis Semdeg;



12

• Serwymis Sedegad ss “saqarTvelos bankis” menejmentis struqtura darCeba

ucvleli;

• Serwymis dasrulebis Semdeg ss “galt end Taggart banki”-s TanamSromlebi daqiravebulni iqnebian ss “saqarTvelos banki”-s mier;

• ss “saqarTvelos banki” iqneba ss “galt end Taggart banki”-s samarTalmemkvidre.

gadawyvetileba ss „galt end Taggart banki“-sa da ss „saqarTvelos banki“-s Serwymis Sesaxeb

miRebul iqna erTxmad .

Tavi 2. finansuri informacia, auditoris Secvla

muxli 5. sawarmos fasiani qaRaldebiT vaWroba

1. 2007 da 2008 wlebis ganmavlobaSi, saqarTvelos safondo birJaze ss `saqarTvelos bankis~ aqciebiT vaWrobis Sedegebi:

2. 2007 da 2008 wlebis wlebs ganmavlobaSi, londonis safondo birJaze ss

`saqarTvelos bankis~ aqciebiT vaWrobis Sedegebi:

2008 weli I kvartali II kvartali III kvartali IV kvartali

maqsimaluri fasi 33 aSS dolari 32 aSS dolari 23.7 aSS dolari 8 aSS dolari minimaluri fasi 23.8 aSS dolari 21.2 aSS dolari 6.33 aSS dolari 2 aSS dolari


maqsimaluri fasi 31.4 aSS dolari 43 aSS dolari 44 aSS dolari 36 aSS dolari

minimaluri fasi 22.3 aSS dolari 29 aSS dolari 34 aSS dolari 28 aSS dolari


maqsimaluri fasi 45.1 39 30 10 minimaluri fasi 34 30 12 6.1 2007 weli I kvartali II kvartali III kvartali IV kvartali

maqsimaluri fasi 54 65 67 56.5 minimaluri fasi 32.75 47.3 56.5 45



13

muxli 6. SerCeuli finansuri informacia

cxrilSi warmodgenilia jgufi `saqarTvelos bankis~ finansuri Sedegebi da maCveneblebi xuTwlian dinamikaSi. (audirebuli)

(aTas larebSi)

s a b a l a n s o u w y i s e b i 2007 2006 2005 2004 2003

aqtivebi fuli da fuladi ekvivalentebi 405,770 108,045 57,236 102,747 43,626

savaWrod gamiznuli fasiani qaRaldebi 6,342

moTxovnebi sakredito dawesebulebebis mimarT 154,560 65,475 33,398 25,585 16,117

momxmareblebze gacemuli sesxebi, wminda 1,675,681 684,842 297,376 169,868 141,780

wminda investicia finansur ijaraSi 46,674 9,091 4,314 598 –

investiciebi fasian qaRaldebSi: 0

- gasayidad arsebuli fasiani qaRaldebi 42,387 9,887 8,327 19,628 1,742

- dafarvis vadamde flobili 192,464 187,244 2,280 – –

investiciebi mekavSire sawarmoebSi 5,208 496 sainvesticio qoneba 35,065 1,224

ZiriTadi saSualebebi, wminda 204,656 66,828 35,815 27,159 20,024

aramaterialuri aqtivebi, wminda 115,989 43,429 7,685 6,286 2,025

aqtivebi mogebis gadasaxadis saxiT 1,557 – 2,570 3,407 –

winaswari gadaxdebi 5,942 3,476 455 157 –

sxva aqtivebi 61,316 33,785 11,114 7,737 4,808

sul aqtivebi 2,953,611 1,213,326 460,570 363,172 230,122

valdebulebebi

valdebulebebi sakredito dawesebulebebis mimarT 901,795 224,381 78,873 48,334 50,237

valdebulebebi meanabreTa mimarT 1,355,476 559,646 269,952 252,129 123,573 sasesxo valdebulebis saxiT gamoSvebuli fasiani

qaRaldebi 4,993 1,073 1,143 –

mogebis mimdinare da gadavadebuli sagadasaxado valdebulebebi 37,209 8,138 2,087 203 771

rezervebi SesaZlo danakargebze 1,003 672 975 971 472

sxva valdebulebebi 95,144 44,558 16,078 6,075 428

sul valdebulebebi 2,395,620 838,468 369,108 307,712 175,481

kapitali

sawesdebo kapitali 27,155 25,202 14,729 11,273 9,856

saemisio kapitali 315,415 277,440 32,922 13,376 4,530

gamosyiduli sakuTari aqciebi -1,737 -1,004 (81) (73) –

gaunawilebeli mogeba 136,342 63,746 37,427 23,911 24,930

sxva rezervi 67,354 5,257 5,369 5,492 15,325

sul saaqcio kapitali 544,529 370,641 90,366 53,979 54,641 Svilobili kompaniebis wili 13,462 4,217 1,096 1,481 –

sul kapitali 557,991 374,858 91,462 55,460 54,641

sul valdebulebebi da kapitali 2,953,611 1,213,326 460,570 363,172 230,122



14

mogeba-zarali uwyisi 2007 2006 2005 2004 2003

saprocento Semosavali

gacemuli sesxebi 203,759 92,612 47,247 31,432 30,004

sainvesticio fasiani qaRaldebi - dafarvis vadamde flobili 23,394 414 2,664 1,654 2,295

sainvesticio fasiani qaRaldebi - gasayidad arsebuli 1,073 792

moTxovnebi sakredito dawesebulebebis mimarT 9,942 5,310 1,525 672 –

wminda investiciebi finansur ijaraSi 4,136 1,143 396 – –

242,304 100,271 51,832 33,758 32,299

saprocento xarji

valdebulebebi meanabreTa mimarT 53,419 19,245 9,162 6,819 5,347

valdebulebebi sakredito dawesebulebebis mimarT 58,072 14,128 3,893 3,100 2,533

sasesxo valdebulebebis saxit gamoSvebuli fasiani qaRaldebi 594 176 26 – –

112,085 33,549 13,081 9,919 7,880

wminda saprocento Semosavali 130,219 66,722 38,751 23,839 24,419

saprocento Semosavlis mqone aqtivebis gaufasureba 17,409 13,766 6,228 20,511 4,105

wminda saprocento Semosavali saprocento Semosavlis mqone

aqtivebis gaufasurebidan 112,810 52,956 32,523 3,328 20,314

sakomisio Semosavali 48,358 28,139 16,753 13,059 11,751

sakomisio xarjebi -6,610 -3,453 (2,385) (2,745) (2,895)

wminda sakomisio Semosavali 41,748 24,686 14,368 10,314 8,856

wminda mogeba savaWrod gamiznuli fasiani qaRaldebidan 2,930

wminda mogeba gasayidad arsebuli fasian qaRaldebidan 2,481

wminda mogeba sainvesticio qonebis gadafasebidan 16,362

ucxouri valutidan miRebul mogebas gamoklebuli zarali:

- savaWro operaciebidan 22,395 12,049 5,379 5,631 4,640

- sakurso sxvaobebidan 4,315 -107 1,128 (783) (772)

miRebuli wminda sadazRvevo premia 14,260 6,260 4,028 – –

sxva saoperacio Semosavali 9,903 4,222 566 152 42

sxva arasaprocento Semosavali 72,646 22,424 11,101 5,000 3,910

xelfasebi da TanamSromelTa sxva sargebeli 75,639 33,316 23,219 12,896 9,060

administraciuli xarjebi 36,164 20,649 10,883 9,372 8,006

cveTa, amortizacia da gaufasureba 9,863 5,887 4,230 2,609 2,231

wminda sadazRvevo moTxovnebi 8,799 1,827 786 – –

sxva gaufasureba da rezervi -365 -170 280 1,559 1,493

sxva saoperacio xarjebi 7,392 3,654 1,860 336 705

sxva arasaprocento xarji 137,492 65,163 41,257 26,772 21,495 mogeba/zarali mogebis gadasaxadiT dabegvramde 89,712 34,903 16,735 (8,130) 11,585

mogebis gadasaxadis xarji (sargebeli) 14,070 8,131 3,108 (781) 2,431

wlis wminda mogeba (zarali) 75,642 26,772 13,627 (7,349) 9,154



15

ganekuTvneba: - jgufis aqcionerebs 72,484 26,983 13,838 (7,349) 9,154

- umciresobis wils 3,158 -211 (211) – –

75,642 26,772 13,627 (7,349) 9,154

mogeba (zarali) wilis mixedviT:

- ZiriTadi 2.958 2 1.138 (0.778) 0.929

- gazavebuli 2.947 1 1.138 (0.778) 0.929

muxli 7. mmarTveli organos mier sawarmos finansuri mdgomareobisa da saqmianobis Sedegebis mimoxilva (ix.danarTi)

muxli 8. sawamos mflobelobaSi arsebuli fasiani qaRaldebis sabazro riski

2008 wlis 31 dekembris mdgomareobiT ss `saqarTvelos bankis~ balansze ZiriTadaT iricxeba saqarTvelos erovnuli bankis sadepozito sertifikatebi, samTavrobo kuponuri

savalo fasiani qaRaldebi. (danarTi 2)

muxli 9. finansuri angariSebi

(warmodgenili iqneba auditis dasrulebisTanave; savaraudod 2008 wlis maisSi)

muxli 10. sawarmos mier SerCeuli auditoris Secvla.

ss `saqarTvelos bankis~ auditori ar Secvlila da Sesabamisad ss `saqarTvelos bankis~ 2008 wlis finansuri Sedegebis auditoruli Semowmeba mimdinareobs saerTaSoriso auditoruli kompania èrnst end iang auditis~ mier.

Tavi 3. sawarmos mmarTveli organos wevrebi da aqciebis 5%-is

an metis beneficiari mesakuTreebi

muxli 11. mmarTveli organos wevrebi da sxva mniSvnelovani Tanamdebobis pirebi nikoloz enuqiZe _ 2007 wlis noembridan batoni enuqiZe bankSi sameTvalyureo sabWos

Tavmjdomaris movaleobis Semsrulebelia. 2006 wlis maisidan batoni enuqiZe bankSi aris sameTvalyureo sabWos mrCeveli, bankSi mosvlamde batoni enuqiZe muSaobda mmarTvel direqtorad, korporatiuli finansebis dargSi `Concorde Capital~-Si. `Concorde Capital~ aris wamyvani ukrainuli sainvesticio sabanko firma. `Concorde Capital~-Si gadasvlamde batoni enuqiZe muSaobda direqtoris asistentad ÀBN Amro~-s londonis ofisSi. batoni enuqiZe ÀBN Amro~-s londonis ofisSi gadavida `Global One Communication~-dan, sadac igi ori wlis ganmavlobaSi muSaobda biznesis ganviTarebis ufros menejerad (restoni, virjiniis Stati, aSS). `Global One Communication~-Si gadasvlamde batoni enuqiZe muSaobda ÀBN Amro~-s moskovis ofisSi da specializirdeboda telekomunikaciebis seqtorze.



16

irki petteri TalviTie _ 2006 wlis maisidan batoni irki bankSi aris sameTvalyureo sabWos wevri. bankSi mosvlamde muSaobda ist kapitali, stokholmi/moskovi, ufrosi mrCeveli,

ufrosi warmomadgeneli 2005 URALSIB finansuri korporacia, saerTaSoriso biznesis ufrosi, moskovi 2003-2005, BNP Paribas, ufrosi vice-prezidenti, parizi, 2003-2003 niu iorkis banki, vice-prezidenti, londoni, 1997-2003 niu iorkis banki, vice-prezidenti,

ufrosi warmomadgeneli, moskovi, 1995-1997skandinaviuri sabanko partniorebi, ufrosi warmomadgeneli, moskovi, 1993-1995 fineTis gaerTianebuli banki, vice-prezidenti, helsinki, 1992-1993 SKOPBANK, regionaluri menejeri, helsinki, 1990

alan hirsti _ `siTibankSi~ (Citibank) 1981 wels daiwyo muSaoba da 2005 wlis TebervalSi

`siTigrufifan~ (Citigroup) wamosvlamde igi kurirebda bankis eqspansias centralur da aRmosavleT evropaSi. 1999-2004 wlebSi batoni hirsti cxovrobda moskovSi, sadac igi daxuruli saaqcio sazogadoeba `siTibankis~ (ruseTi) prezidenti iyo da agreTve rogorc

mmarTveli direqtori saTaveSi edga bankis operaciebs dsT-Si. batoni hirsti saTaveSi edga bankis samomxmareblo sabanko da plastikuri baraTebis saqmianobis danergavs ruseTSi; igi agreTve uZRveboda bankis korporatiuli da sainvesticio sabanko saqmianobis

rekapitalizaciasa da restruqturizacias. ruseTSi gadasvlamde batoni hirsti muSaobda sxvadasxva maRal Tanamdebobebze `siTigrufSi~ (Citigroup), maT Soris, departamentis direqtorad, sadac igi zedamxedvelobda korporatiul da sainvesticio sabanko saqmianobas axlo aRmosavleTSi, sparseTis yuris qveynebsa da indoeTSi; amasTanave batoni hirsti iyo

departamentis direqtori da xelmZRvanelobda bankis filialebis qselis dafuZnebas centralur da aRmosavleT evropaSi. baton hirsts aqvs magistris xarisxi biznesis administrirebaSi texasis universitetidan.

2005 wlidan batoni hirsti aris araaRmasrulebeli direqtoris da aRmasrulebeli komitetis wevri `Financial Services Volunteer Corp~-Si, arakomerciul organizaciaSi, romlis saTao ofisic niu-iorkSi mdebareobs. aRniSnuli organizacia teqnikur daxmarebas uwevs

mzardi bazrebis saxelmwifoebs da centralur bankebs. 2005 wlis agvistodan batoni hirsti aris araaRmasrulebeli direqtori `Phico Theurapeutics~-Si, bioteqnologiebis kompaniaSi, romelis saTao ofisic gaerTianebul samefoSia. 2006 wlis Tebervlidan batoni hirsti aris

araaRmasrulebeli direqtori `RosBank~-Si, am bankSi igi agreTve aris sarevizio komisiis Tavmjdomare, sakompensacio komitetis wevri da strategiuli komitetis wevri.

ian heigi _ aris faiarber menejment el-el-si-Si, (sainvesticio firma romelic moRvaweobs yofili sabWoTa kavSiris da aRmosavleT evropis bazrebze) faiarber fondis, faiarberd niu raSa fondis da faiarber rifabliq fondis mmarTveli menejeris moadgile. faiarberdSi

misvlmde iani muSaobda gaerTianebuli erebis samdivnoSi. man daamTavra vestlis universiteti (bakalavris wodeba), aqvs magistris wodeba saerTaSoriso politikis sakiTxebSi (montereis instituti) da sadiplomo naSromi gakeTa kolumbiis universitetis harimanis institutSi.

iani aris saqarTvelos bankis (Tbilisi), es-di-em bankis (moskovi) da global goldis (aSS) sabWos wevri. igi flobs rusul da frangul enebs.

irakli gilauri _ 2006 wlis maisidan bankis generaluri direqtoria. `saqarTvelos bankSi~ mosvlamde batoni gilauri xuTi wlis ganmavlobaSi ergb-is Tbilisisa da londonis ofisebSi muSaobda bankirad. man daiwyo da ganaxorciela 20 garigebaze meti saqarTvelosa da

dsT-is qveynebis sxvadasxva seqtorSi, sabanko seqtoris CaTvliT. aRniSnulidan eqvsi garigeba ergb-is proeqti iyo da saaqcio kapitalSi ganxorcielebuli investiciebis moculoba 22 milion aSS dolars aRemateboda. 1994-1998 wlebSi irakli swavlobda limeriqis

universitetSi, irlandiis respublikaSi da miRebuli aqvs bakalavris xarisxi biznesSi: ekonomikda da finansebi. 2003 wels batonma gilaurma gaimarjva britaneTis sakonsulos



17

prestiJul Civeningis konkursSi, riTac mas SesaZlebloba mieca eswavla siTis universitetis qaasis biznes skolaSi. aq man miiRo biznesis administrirebis xarisxi sabanko saqmianobasa da

saerTaSoriso finansebSi. sulxan gvalia _ 2005 wlis ianvridan moyolebuli bankis generaluri direqtoris

moadgilea da igi sakredito da aqtivebis amoRebis marTvas xelmZRvanelobs. bankSi muSaobis dawyebamde, batoni gvalia `Tbiluniversalbankis~ direqtorTa sabWos Tavmjdomaris moadgile iyo. bankma `Tub-i~ 2004 wlis noemberSi Seisyida. komerciul sabanko seqtorSi saqmianobis

aTi wlis ganmavlobaSi batoni gvalia xelmZRvanelobda sxvadasxva departaments `TbiluniversalbankSi~ da igi specializirdeboda sesxebis Sefasebaze, saqmianobis ganviTarebasa da saerTaSoriso safinanso institutebTan urTierTobebze.

ramaz kukulaZe _ 2006 wlis ianvridan ramaz kukulaZe aris generaluri direqtoris moadgilea. am Tanamdebobaze daniSvnamde batoni kukulaZe iyo bi-si-ai-s generaluri

direqtori da am kompaniis erT-erTi damfuZnebeli. bi-si-ai-s dafuZnebamde batoni kukulaZe iyo proeqtebis daxmarebis sakonsultacio firmis mmarTveli direqtori. igi aseve muSaobda sxvadasxva wamyvan Tanamdebobebze absolut banksa da Tbilkredit bankSi. batonma kukulaZem

daamTavra i-es-em-is universitetis sabanko akademia. miniWebuli aqvs Tbilisis saxelmwifo universitetis bakalavris wodeba ekonomikaSi, kerZod sabanko da safinanso saqmianobaSi. irakli burdilaZe _ 2007 wlis martidan moyolebuli bankis generaluri direqtoris moadgilea, 2007 wlis maisamde batoni burdilaZe bankis finansuri direqtori iyo.

`saqarTvelos bankSi~ mosvlamde batoni burdilaZe GMT jgufis finansuri direqtori iyo. avTo namiCeiSvili _ dainiSna generaluri direqtoris moadgiled iuridiul sakiTxebSi. am

daniSvnamde, 2007 wlis martidan moyolebuli, baton namiCeiSvils ekava “saqarTvelos bankis” mTavari iuridiuli mrCevelis posti. “saqarTvelos bankSi” mosvlamde, batoni namiCeiSvili iyo saqarTveloSi wamyvani iuridiuli firmis Sps. “begiaSvili da kompania”-s partniori da

sami wlis ganamvlobaSi uwevda gare iuridul konsultacias “saqarTvelos banks”. avTo namiCeiSvili dRemde asrulebs evropis saerTaSoriso saarbitraJo sasamrTlos arbitris movaleobas saqarTveloSi. avTos aqvs miRebuli magistris xarisxi (LLM) saerTaSoriso biznes samarTalSi centraluri evropis universitetisgan, ungreTSi da bakalavris xarisxi iurisprudenciasa da saerTaSoriso ekonomikur urTierTobebSi Tbilisis saxelmwifo universitetisgan.

murTaz kikoria _ dainiSna generaluri direqtoris moadgiled Sesabamisobis dargSi. “saqarTvelos bankSi” mosvlamde, baton kikorias ekava saqarTveloSi wamyvani saiuveliro

firmis, Sps. “zarafxanas” generaluri direqtoris posti. 2005-2007 wlebSi batoni kikoria muSaobda evropis rekonstruqciisa da ganviTarebis bankSi (EBRD) ufrosi bankiris postze. EBRD-Si muSaobamde, 2001-2005 wlebSi batoni kikoria msaxurobda sabanko zedamxedvelobisa

da regulaciis xelmZRvanelis poziciaze saqarTvelos erovnul bankSi. saqarTvelos erovnul bankSi misvlamde murTazi muSaobda sxvadasxva wamyvan poziciaze “saqarTvelos gaerTianebul banksa” da “silqroud bankSi” (amJamad ss. “bta banki” (saqarTvelo)). 2008 wlis Tebervlidan

baton kikorias aseve ekava “saqarTvelos bankis” auditoruli komisiis Tamjdomaris posti. murTazs aqvs bakalvris xarisxi ekonomikis dargSi, specializaciiT finansebsa da kreditebSi Tbilisis saxelmwifo universitetisgan.

giorgi WilaZe _ dainiSna generaluri direqtoris moadgiled finansebis dargSi. “saqarTvelos bankSi” mosvlamde, batoni WilaZes ekava ss. “bta bankis” (saqarTvelo)



18

generaluri direqtoris posti, 2005 wlis agvistodan. ss. “bta banki” (saqarTvelo)-Si muSaobamde giorgi iyo ss. sadazRvevo kompania “evropeisis” (2004-2005) sameTvalyureo

sabWos aRmasrulebeli wevri da menejmentis sakonsultacio firmis Sps. “altergrupis” damfuZnebeli partniori. 2003 wels, saqarTveloSi dabrunebadme, batoni WilaZe muSaobda niu iorkSi, kompania “Bear Sterns”-is programuli vaWrobis daxlTan. baton WilaZes miRebuli aqvs

doqtoris wodeba fizikaSi “jons hopkinsis” universitetisgan, baltimori, merilendi da bakalavris xarisxi fizikaSi Tbilisis saxelmwifo universitetisgan.



19

muxli 13. pirebi, romlebic saerTo krebaze xmaTa 5%-s an mets floben an

akontroleben.

* globaluri depozitaruli xelwerilis

programis farglebSi

sazedamxedvelo sabWos wevrebi da mmarTvelTa

sabWo

2008 wlis 31 dekembris

mdgomareobiT mflobelobaSi

arsebuli globaluri depozitaruli

xelwerili

2008 wlis 31 dekembris

mdgomareobiT globaluri

depozitaruli xelwerilis

ofcia

irakli gilauri 42,384 92,332

nikoloz enuqiZe 32,000 42,332

ramaz kukulaZe 28,094 23,998

sulxan gvalia 2,857 24,000

alan hirsti 0 0

kaxaber kiknavekiZe 4,000 0

avTo namiCeiSvili 0 11,667

irakli burdilaZe 0 9,666

31-dek-2008

tipi beneficiari mesakuTris saxeli, gvari

sakuTrebaSi arsebuli Tanxa

Cveulebrivi aqcia BNY (NOMINEES) LIMITED* 24,204,774 77.45%

Cveulebrivi aqcia faiaberd avrora fand limiTid 1,463,682 4.68% Cveulebrivi aqcia faiaberd rifablik fand limiTid 1,430,145 4.58%

Cveulebrivi aqcia East Capital Financial Institusions 1,366,306 4.37%

direqtorati

Cveulebrivi aqcia irakli gilauri – generaluri direqtori 1,587 0.01%

Cveulebrivi aqcia sulxan gvalia – generaluri direqtoris moadgile 140,050 0.45%

Cveulebrivi aqcia ramaz kukulaZe – generaluri direqtoris moadgile 0 0.00%

Cveulebrivi aqcia irakli burdilaZe – generaluri direqtoris moadgile 370 0.00%

Cveulebrivi aqcia giorgi WilaZe – generaluri direqtoris moadgile 0 0.00%

Cveulebrivi aqcia murTaz kikoria – generaluri direqtoris moadgile 0 0.00%

Cveulebrivi aqcia avTo namiCeiSvili – generaluri direqtoris

moadgile 822 0.00%

sameTvalyureo sabWos wevrebi

Cveulebrivi aqcia nikoloz enuqiZe – sameTvalyureo sabWos Tavmjdomare 1,045 0.00%

Cveulebrivi aqcia kaxaber kiknavekiZe _ sameTvalyureo sabWos wevri 938 0.00%

Cveulebrivi aqcia irki petteri TalviTie – sameTvalyureo sabWos wevri 0 0.00%

Cveulebrivi aqcia alan hirsti – sameTvalyureo sabWos wevri 10,685 0.03% Cveulebrivi aqcia

ian heigi – sameTvalyureo sabWos wevri 0 0.00%



20

muxli 12. sawarmos xelmZRvanelTa anazRaureba

aRniSnuli informacia konfidencialuria da warmodgenilia (danarTis 3) saxiT.

muxli 14. dakavSirebuli mxareebi da urTierTobebi aRniSnul sakiTxTan dakavSirebiT informacia warmodgenili iqneba 2008 wlis audirebul daskvnasTan erTad wliuri auditis dasrulebisTanave.

Tavi 4. danarTebi da xelmowerebi

muxli 15. damadasturebeli danarTebi da mimdinare angariSebi

muxli 16. xelmowerebi wliur angariSze xelismomweri piri, `fasiani qaRaldebis bazris Sesaxeb~ saqarTvelos kanonis me-11 muxlis me-10 punqtis mixedviT, pasuxismgebelia masSi arsebiTi informaciis

gamotovebisa da Tu arasworad gadmocemisaTvis. administraciul samarTaldarRvevaTa kodeqsis 1655 muxlis me-5 nawilis mixedviT, mmarTveli organos wevrebs daekisrebaT jarima yalb an SecdomaSi Semyvan angariSze xelmowerisaTvis.

generaluri direqtori i.gilauri

generaluri direqtoris moadgile g.WilaZe

generaluri direqtoris moadgile a.namiCeiSvili

generaluri direqtoris moadgile s.gvalia

ss `saqarTvelos bankis~ da misi Svilobili kompaniebis konsolidirebuli finansuri angariSgeba 2008 wlis 31 dekembris mdgomareobiT damoukidebeli auditoris daskvnasTan erTad

winamdebare dokumenti warmoadgens Targmans inglisur enaze gamocemuli originalidan

ss `saqarTvelos banki~ da misi Svilobili kompaniebi 2008 wlis konsolidirebuli finansuri angariSgeba

sarCevi damoukidebeli auditoris daskvna konsolidirebuli sabalanso angariSgeba mogeba-zaralis konsolidirebuli angariSgeba kapitalSi cvlilebebis konsolidirebuli angariSgeba fuladi nakadebis konsolidirebuli angariSgeba konsolidirebuli finansuri angariSgebis TandarTuli SeniSvnebi 1. ZiriTadi saqmianoba 2. momzadebis safuZveli 3. saaRricxvo politikis mimoxilva 4. mniSvnelovani buRaltruli daSvebebi 5. biznesis gaerTianeba 6. informacia segmentebis Sesaxeb 7. fuli da fulis ekvivalentebi 8. moTxovnebi sakredito dawesebulebebis mimarT 9. klientebze gacemuli sesxebi 10. moTxovnebi finansuri ijaridan 11. sainvesticio fasiani qaRaldebi 12. investiciebi mokavSire sawarmoebSi 13. sainvesticio qoneba 14. ZiriTadi saSualebebi 15. `gudvili~ da sxva aramaterialuri aqtivebi 16. gadasaxadebi 17. sxva gaufasurebis rezervebi 18. sxva aqtivebi da valdebulebebi 19. valdebulebebi sakredito dawesebulebebis winaSe 20. valdebulebebi meanabreTa winaSe 21. kapitali 22. pirobiTi valdebulebebi 23. wminda Semosavali gasamrjelodan da sakomisiodan 24. wminda sadazRvevo Semosavali 25. xelfasebi da TanamSromelTa sxva Semosavali, zogadi da administraciuli

xarjebi 26. wilobrivi gadaxdebi 27. riskebis marTva 28. finansuri instrumentebis samarTliani Rirebuleba 29. finansuri aqtivebisa da valdebulebebis vadianobis analizi 30. dakavSirebul mxareTa ganmartebiTi SeniSvnebi 31. kapitalis adekvaturoba 32. sabalnso angariSgebis momzadebis Semdgomi garemoebebi

damoukidebeli auditoris daskvna ss `saqarTvelos bank~-is aqcionerebsa da direqtorTa sabWos – Cven CavatareT ss `saqarTvelos bankis~ da misi Svilobili kompaniebis TandarTuli konsolidirebuli finansuri angariSgebis auditi, romelic moicavs konsolidirebul sabalanso angariSgebas 2008 wlis 31 dekembris mdgomareobiT, aseve mogeba-zaralis konsolidirebul angariSgebas, kapitalSi cvlilebebis konsolidirebul angariSgebas da fuladi nakadebis konsolidirebul angariSgebas aRniSnuli TariRiT dasrulebuli wlisaTvis, iseve rogorc saaRricxvo politikis mimoxilvas da sxva ganmartebiT SeniSvnebs. xelmZRvanelobis pasuxismgebloba finansur angariSgebaze xelmZRvaneloba pasuxismgebelia winamdebare konsolidirebuli finansuri angariSgebis finansuri angariSgebis saerTaSoriso standartebis Sesabamisad momzadebasa da samarTlian wardgenaze. aseTi pasuxismgebloba moicavs: uneblie Tu ganzrax daSvebuli arsebiTi uzustobebis gareSe Sedgenili finansuri angariSgebis momzadebisa da samarTliani wardgenis mizniT Sida kontrolis sistemebis SemuSavebas, danergvasa da ganxorcielebas; Sesabamisi saaRricxvo politikis SerCevas da gamoyenebas da iseTi saaRricxvo Sefasebebis SemuSavebas, romlebic misaRebia konkretuli viTarebisTvis. auditoris pasuxismgebloba Cven valdebulni varT, Cvens mier Catarebuli auditis safuZvelze gamovTqvaT mosazreba aRniSnul konsolidirebul finansur angariSgebaze. auditi CavatareT auditis saerTaSoriso standartebis Sesabamisad. aRniSnuli standartebi moiTxovs eTikuri normebis dacvas, agreTve, auditis imgvarad dagegmvasa da Catarebas, raTa uzrunvelyofil iqnas garantia, rom konsolidirebuli finansuri angariSgeba ar Seicavs mniSvnelovan uzustobas. auditi gulisxmobs iseTi procedurebis Catarebas, romlebic gamiznulia mtkicebulebis mopovebaze finansur angariSgebaSi moyvanili Tanxebisa da monacemebis Taobaze. SerCeuli meTodika damokidebulia auditorTa mosazrebaze, maT Soris, arsebiTi uzustobis riskis Sefasebis Taobaze, miuxedavad imisa, iqneba msgavsi uzustoba daSvebuli uneblied Tu ganzrax. imisaTvis, rom SeimuSaos viTarebisa da garemoebis Sesatyvisi procedurebi, riskebis Sefasebisas auditori iTvaliswinebs Sida kontrolis arsebul sistemebs, romlebic qmnis Sesabamis pirobebs organizaciis mier finansuri angariSgebis momzadebisa da samarTliani wardgenisaTvis. aRniSnulis mizans ar warmoadgens mosazrebis gamoxatva organizaciis Sida kontrolis sistemebis efeqturobaze. auditi aseve moicavs xelmZRvanelobis mier gamoyenebuli saaRricxvo politikis da saaRricxvo Sefasebebis sisworisa da mTlianad finansuri angariSgebis wardgenis Sefasebas. darwmunebulni varT, rom auditis procesSi mopovebuli rwmuneba sakmaris da saTanado safuZvels gvaZlevs auditoruli daskvnisaTvis. daskvna Cveni azriT, konsolidirebuli finansuri angariSgeba samarTlianad asaxavs ss saqarTvelos bankis finansur mdgomareobas 2008 wlis 31 dekembris mdgomareobiT, finansuri Sedegebisa da fuladi nakadebis CaTvliT amave TariRiT dasrulebuli wlisaTvis, finansuri angariSgebis saerTaSoriso standartebis Sesabamisad 31 marti, 2009 w.

ss `saqarTvelos banki~ da misi Svilobili kompaniebi konsolidirebuli finansuri angariSgeba

konsolidirebuli sabalanso angariSgeba 2008 wlis 31 dekembris mdgomareobiT (aTas larSi)

TandarTuli SeniSvnebi warmoadgens winamdebare konsolidirebuli finansuri angariSgebis ganuyofel nawils

1

SeniSvna 2008 2007 aqtivebi fuli da fulis ekvivalentebi 7 397,591 405,770 moTxovnebi sakredito dawesebulebebis mimarT 8 99,633 154,560 klientebze gacemuli sesxebi 9 2,039,022 1,675,681 moTxovnebi finansuri ijaridan 10 41,605 46,674 sainvesticio fasiani qaRaldebi: - gasayidad arsebuli 11 33,737 42,387 - dafarvis vadamde SenarCunebadi 11 22,845 192,464 investiciebi mokavSire sawarmoebSi 12 16,716 5,208 sainvesticio qoneba 13 47,289 35,065 ZiriTadi saSualebebi 14 301,784 204,656 `gudvili~ da sxva aramaterialuri aqtivebi 15 152,459 115,989 mimdinare da gadavadebuli saSemosavlo gadasaxadis aqtivebi

16 12,786 1,557

winaswari gadaxdebi 18,319 5,942 sxva aqtivebi 18 75,121 67,658 sul aqtivebi 3,258,907 2,953,611 valdebulebebi valdebulebebi sakredito dawesebulebebis winaSe 19 1,216,722 901,795 valdebulebebi meanabreTa winaSe 20 1,193,124 1,355,476 mimdinare da gadavadebuli saSemosavlo gadasaxadis valdebulebebi

16 24,394 37,209

rezervebi 17,22 4,263 1,003 sxva valdebulebebi 18 101,555 100,137 sul valdebulebebi 2,540,058 2,395,620 kapitali 21 sawesdebo kapitali 31,253 27,155 damatebiT Setanili kapitali 468,732 315,415 saxazino aqciebi (2,018) (1,737) sxva rezervebi 26,201 67,354 gaunawilebeli mogeba 141,491 136,342 bankis aqcionerebis mTliani kapitali 665,659 544,529 umciresobis wili 53,190 13,462 sul kapitali 718,849 557,991 sul valdebulebebi da kapitali 3,258,907 2,953,611 xelmowerilia da gamosacemad nebadarTulia bankis mmarTvelTa sabWos mier irakli gilauri aRmasrulebeli direqtori daviT vaxtangiSvili finansuri direqtori 2009 wlis 31 marti


mogeba-zaralis konsolidirebuli angariSgeba 2008 wlis 31 dekembris mdgomareobiT (aTas larSi)


2

SeniSvna 2008 2007 saprocento Semosavali klientebze gacemuli sesxebi 363,013 203,759

sainvesticio fasiani qaRaldebi – dafarvis vadamde SenarCunebadi 16,457 23,394 moTxovnebi sakredito dawesebulebebis mimarT 10,732 9,942 moTxovnebi finansuri ijaridan 7,010 4,136 sainvesticio fasiani qaRaldebi – gasayidad arsebuli 6,727 1,073

403,939 242,304 saprocento xarji

valdebulebebi sakredito dawesebulebebis winaSe (97,035) (58,072) valdebulebebi meanabreTa winaSe (85,358) (53,419) sasesxo fasiani qaRaldebi (706) (594)

(183,099) (112,085) wminda saprocento Semosavali saprocento Semosavlis mqone aqtivebze gaufasurebis daricxvamde 220,840 130,219 klientebze gacemuli sesxebis gaufasurebis danaricxi 9 (122,812) (17,409) finansuri ijaridan moTxovnebis gaufasurebis danaricxi 10 (1,335) (708) wminda saprocento Semosavali gaufasurebis daricxvis Semdgom 96,693 112,102 Semosavali gasamrjelodan da sakomisiodan 63,503 48,358 gasamrjelo da sakomisio xarji (13,534) (6,610)

wminda Semosavali gasamrjelodan da sakomisiodan 23 49,969 41,748 savaWro fasiani qaRaldebidan miRebuli wminda (zarali) mogeba (5,447) 2,930 gasayidad arsebuli sainvesticio fasiani qaRaldebidan miRebuli wminda mogeba 21 513 2,481 sainvesticio qonebis gadafasebidan miRebuli wminda (zarali) mogeba 13 (389) 16,362 uxouri valutidan miRebuli wminda mogeba:

- operaciebi 39,443 22,395 - sakurso sxvaobebi 7,691 4,315

wminda gamomuSavebuli sadazRvevo premiebi 24 35,911 14,260 mokavSire sawarmoebis (zaralis) mogebis wili 12 (713) 137 sxva saoperacio Semosavali 14,747 9,766 sxva ara-saprocento Semosavali 91,756 72,646 xelfasebi da TanamSromelTa sxva Semosavali 25 (108,767) (75,639) saerTo da administraciuli xarjebi 25 (68,649) (36,164) cveTa, amortizacia da gaufasureba 14, 15 (20,532) (9,863) sadazRvevo sarCelebidan wminda anazRaurebuli Tanxa 24 (26,895) (8,799) gaufasurebis (xarji) Sebruneba sxva aqtivebze da rezervebze 17 (4,551) 365 sxva saoperacio xarji (9,828) (6,684) sxva ara-saprocento xarji (239,222) (136,784) (zarali) mogeba saSemosavlo gadasaxadis sargeblamde (xarjamde) (804) 89,712

saSemosavlo gadasaxadis sargebeli (xarji) 16 978 (14,070)

mogeba wlis ganmavlobaSi 174 75,642

gankuTvnili:

- bankis aqcionerebisadmi 3,897 72,484 - umciresobis wilisadmi (3,723) 3,158

174 75,642 mogeba erT aqciaze: 21 - bazisuri mogeba erT aqciaze 0.129 2.958 - ganzavebuli mogeba erT aqciaze 0.129 2.947


kapitalSi cvlilebebis konsolidirebuli angariSgeba 2008 wlis 31 dekembris mdgomareobiT (aTas larSi)


3

ganekuTvneba bankis aqcionerebs

sawesdebo kapitali

damatebiT Setanili kapitali

saxazino aqciebi

sxva rezervebi

gaunawilebeli mogeba jami

umciresobis wili

sul kapitali

31 dekemberi, 2006 25,202 277,440 (1,004) 5,257 63,746 370,641 4,217 374,858 wminda cvlileba gasayidad arsebul sainvesticio fasian qaRaldebSi, gadasaxadebis gareSe – – – 859 – 859 – 859 ZiriTadi saSualebebis da sainvesticio qonebis gadafaseba, gadasaxadebis gareSe – – – 59,295 – 59,295 964 60,259 sawesdebo kapitalis zrda aqciebiT warmoebuli gadaxdebis safuZvelze (SeniSvna 21) 146 948 – – – 1,094 – 1,094

gadafasebis rezervis cveTa, gadasaxadebis gareSe – – – (112) 112 – – – aqciis SeTavazebuli Rirebulebis koreqtireba – 1,321 – – – 1,321 – 1,321

sakurso sxvaobebi – – – 2,055 – 2,055 – 2,055 pirdapir kapitalSi aRiarebuli mTliani Semosavali da xarji 146 2,269 – 62,097 112 64,624 964 65,588 2007 wlis mogeba – – – – 72,484 72,484 3,158 75,642

wlis Semosavali da xarji sul 146 2,269 – 62,097 72,596 137,108 4,122 141,230 sawesdebo kapitalis zrda (SeniSvna 21) 1,807 37,751 – – – 39,558 – 39,558 damatebiTi wilis SeZena arsebul Svilobil kompaniebSi umciresi wilis mflobelTa mier – – – – – – 3,494 3,494 umciresobis wilis SeZena arsebul Svilobil kompaniebSi – – – – – – (87) (87) umciresobis wili, romlebic warmoiqmneba Svilobili kompaniis SeZenisas – – – – – – 1,716 1,716 saxazino aqciebis gayidva – 9,600 – – – 9,600 – 9,600 saxazino aqciebis SeZena – (11,645) (733) – – (12,378) – (12,378) 31 dekemberi, 2007 27,155 315,415 (1,737) 67,354 136,342 544,529 13,462 557,991 wminda cvlileba gasayidad arsebul sainvesticio fasian qaRaldebSi, gadasaxadebis gareSe – – – (8,670) – (8,670) – (8,670) ZiriTadi saSualebebis gadafaseba, gadasaxadebis gareSe – – – (8,796) – (8,796) – (8,796) biznesis gaerTianebis Sedegad warmoqmnili aqciebis gamoSveba (SeniSvna 21) 89 573 – – – 662 662 aqciebiT warmoebuli gadaxdebidan warmoqmnili sawesdebo kapitalis zrda (SeniSvna 21) 9 8,590 341 – – 8,940 – 8,940 gadafasebis rezervis cveTa, gadasaxadebis gareSe – – – (1,252) 1,252 – – – aqciebis SeTavazebuli Rirebulebis koreqtireba – (357) – – – (357) – (357) sakurso sxvaobebi – – – (22,435) – (22,435) – (22,435)


kapitalSi cvlilebebis konsolidirebuli angariSgeba 2008 wlis 31 dekembris mdgomareobiT (aTas larSi)


4

pirdapir kapitalSi aRiarebuli Semosavali da xarji sul 98 8,806 341 (41,153) 1,252 (30,656) – (30,656) 2008 wlis Semosavali – – – – 3,897 3,897 (3,723) 174 sul mogeba-zarali wlis ganmavlobaSi 98 8,806 341 (41,153) 5,149 (26,759) (3,723) (30,482) sawesdebo kapitalis zrda GDR-is gamoSvebiT (SeniSvna 21) 4,000 146,594 – – – 150,594 – 150,594 damatebiTi wilis SeZena arsebul Svilobil kompaniebSi umciresi wilis mflobelTa mier – – – – – – 31,278 31,278 umciresobis wilis warmoqmna Svilobili kompaniis SeZeniT – – – – – – 12,173 12,173 saxazino aqciebis gayidva – 5,544 256 – – 5,800 – 5,800 saxazino aqciebis SeZena – (7,627) (878) – – (8,505) – (8,505) 31 dekemberi, 2008 31,253 468,732 (2,018) 26,201 141,491 665,659 53,190 718,849

ss jgufi `saqarTvelos banki~ da Svilobili kompaniebi konsolidirebuli finansuri angariSgeba fuladi nakadebis konsolidirebuli angariSgeba 2008 wlis 31 dekembris mdgomareobiT (aTas larSi)


5

SeniSvna 2008 2007 fuladi nakadebi saoperacio saqmianobidan miRebuli procenti 384,802 234,083 gadaxdili procenti (173,534) (88,027) miRebuli gasamrjelo da sakomisio 63,503 48,357 gadaxdili gasamrjelo da sakomisio (13,534) (6,608) savaWro fasiani qaRaldebidan wminda realizebuli (zarali) mogeba (5,432) 2,764 saivensticio fasiani qaRaldebidan wminda realizebuli mogeba 498 2,481 ucxouri valutidan wminda realizebuli mogeba 39,443 22,395 klientebze gacemuli sesxebis amoReba 9 11,176 7,918 miRebuli sadazRvevo premiebi 24,262 19,336 anazRaurebuli sadazRvevo moTxovnebi (11,095) (6,554) sxva miRebuli saoperacio Semosavali 11,499 9,504 gadaxdili xelfasebi da TanamSromelTa sxva Semosavali (106,605) (53,838) gadaxdili saerTo, administraciuli da saoperacio xarji (62,174) (41,298) fuladi nakadebi saoperacio saqmianobidan saoperacio aqtivebsa da valdebulebebSi cvlilebebamde 162,809 150,513 wminda (zrda) kleba saoperacio aqtivebSi moTxovnebi sakredito dawesebulebebis mimarT 62,312 (82,753) klientebze gacemuli sesxebi (488,574) (774,471) moTxovnebi finansuri ijaridan 3,722 (38,078) winaswari gadaxdebi da sxva aqtivebi (3,678) (17,672) wminda (zrda) kleba saoperacio valdebulebebSi valdebulebebi sakredito dawesebulebebis winaSe 339,654 604,576 valdebulebebi meanabreTa winaSe (211,774) 537,984 sxva valdebulebebi (9,813) 2,970 wminda fuladi nakadebi saoperacio saqmianobebidan (saoperacio saqmianobaSi) saSemosavlo gadasaxadiT dabegvramde (145,342) 383,069 gadaxdili saSemosavlo gadasaxadi (19,580) (3,854) wminda fuladi nakadebi saoperacio saqmianobebidan (saoperacio saqmianobaSi) (164,922) 379,215 fuladi nakadebi sainvesticio saqmianobidan Svilobili kompaniebis SeZena, miRebuli naRdi fulis gareSe 5 (41,740) (12,256) Semosavali sainvesticio fasiani qaRaldebis gayidvidan 166,175 – sainvesticio fasiani qaRaldebis SeZena – (11,838) mokavSire sawarmoebSi investiciebis SeZena 12 (13,355) (5,275) mokavSire sawarmoTa investiciebis gayidvidan miRebuli Semosavali 12 860 700 sainvesticio qonebis SeZena 13 (12,613) (10,499) ZiriTadi saSualebebis da aramaterialuri aqtivebis SeZena 14,15 (122,881) (74,238) sainvesticio saqmianobebSi gamoyenebuli wminda fuladi saxsrebi (23,554) (113,406) fuladi nakadebi finansuri saqmianobidan sawesdebo kapitalis zrdiT miRebuli Semosavali 150,594 38,908 saxazino aqciebis SeZena (8,505) (11,728) saxazino aqciebis gayidva 5,800 9,600 damatebiTi wilis SeZena umciresi wilis mflobelTa mier 31,794 3,494 damatebiTi wilis SeZena arsebul Svilobil kompaniebSi, miRebuli naRdi fulis gareSe – 303 Semosavali sasesxo fasiani qaRaldebidan – (9,045) gamoSvebuli sasesxo fasiani qaRaldebis gamosyidva (4,988) 49 wminda fuladi nakadebi finansuri saqmianobidan 174,695 31,581 savaluto kursis efeqti fulsa da fulis ekvivalentebze 5,602 335 fulisa da fulis ekvivalentebis wminda (kleba) zrda (8,179) 297,725 fuli da fulis ekvivalentebi, wlis dasawyisi 405,770 108,045 fuli da fulis ekvivalentebi, wlis bolo 7 397,591 405,770

ss `saqarTvelos banki~ da misi Svilobili kompaniebi

2008 wlis konsolidirebuli finansuri angariSgebis TandarTuli SeniSvnebi

(aTas larSi)

6

1. ZiriTadi saqmianoba ss `saqarTvelos banki~ (`banki~) dafuZnda 1994 wlis 21 oqtombers, saaqcio sazogadoebis saxiT (`ss~), saqarTvelos kanonmdeblobis Sesabamisad. banki adre cnobili iyo, rogorc saxelmwifo banki `binsocbanki~. banki funqcionirebs saqarTvelos erovnuli bankis (`seb~; saqarTvelos centraluri banki) mier 1994 wlis 15 dekembers gacemuli zogadi sabanko licenziis safuZvelze. banki aris saqarTveloSi, ukrainaSi, belorusiaSi, kviprosSi, moldovasa da azerbaijanSi registrirebuli kompaniaTa jgufis (`jgufi~) partniori. misi umTavresi saqmianobaa sabanko, salizingo, sadazRvevo, sabrokero saqmianobebi, aqtivebisa da qonebis marTvis momsaxurebis gaweva korporaciuli da individualuri klientebisaTvis. jgufis Semadgeneli kompaniebis sia mocemulia me-2 SeniSvnaSi. banki warmoadgens jgufis mTavar saoperacio erTeuls da angariSvaldebulia jgufis umetes saqmianobaze. banki sazogadoebisgan iRebs depozitebs, gascems kredits, axorcielebs gadaricxvebs rogorc saqarTvelos farglebSi, ise mis farglebs gareT, awarmoebs valutis gacvlas. misi saTao ofisi mdebareobs saqarTveloSi, TbilisSi. 2008 wlis 31 dekembris mdgomareobiT, banks aqvs 151 saoperacio obieqti saqarTvelos yvela did qalaqSi (2007:117). bankis registrirebuli iuridiuli misamarTia: saqarTvelo, Tbilisi, 0105, puSkinis quCa #3. 2008 da 2007 wlebis 31 dekembris mdgomareobiT, qvemoT CamoTvlili aqcionerebi flobdnen bankis gamoSvebuli aqciebis 4%-ze mets. sxva aqcionerebi individualurad flobdnen gamoSvebuli aqciebis 4%-ze naklebs.

aqcioneri 31 dekemberi 2008

% 31 dekemberi, 2007

% Bank of New York (Nominees), Limited 77.45% 71.38% Firebird Avrora Fund 4.68% 5.39% Firebird Republics Fund 4.58% 5.27% East Capital Financial Institutions 4.37% 5.03% sxvebi (cal-calke 5%-ze naklebi) 8.92% 12.93% jami 100.00% 100.00%

2008 wlis 31 dekembris mdgomareobiT, sameTvalyureo sabWos da direqtorTa sabWos wevrebs ekuTvnis bankis 468,827 aqcia da globaluri sadepozito qviTrebis (“GDRs”) 1.500%; (2007: 214,146 aqcia da GDRs 0.787%). sameTvalyureo sabWos da direqtorTa sabWos wevrebis wili Semdegia:

aqcioneri 31 dekemberi 2008 flobili aqciebi

31 dekemberi 2007 flobili aqciebi

sulxan gvalia 166,907 188,050 irakli gilauri 136,303 1,587 nikoloz enuqiZe 75,377 1,045 ramaz kukulaZe 52,092 23,094 avTo namiCeiSvili 12,489 – alan hirsTi 10,685 – irakli burdilaZe 10,036 370 kaxa kiknaveliZe 4,938 – jami 468,827 214,146

flobili aqciebis garda, sameTvalyureo sabWosa da mmarTvelTa sabWos wevrebs mieniWaT 198,139 da 244,617 globaluri sadepozito qviTrebi (“GDR”) 2008 da 2007 wlebSi Sesabamisad. maTi miniWeba xorcieldeba sami wlis manZilze. 2008 wlis 31 dekembris mdgomareobiT, sameTvalyureo sabWosa da mmarTvelTa sabWos wevrebis flobili 313,330 GDR gadacemuli iyo da Sedgeboda: (2007 wels: 31,665):



(aTas larSi)

7

1. ZiriTadi saqmianoba (gagrZeleba)

sameTvalyureo sabWos da/an mmarTvelTa sabWos wevri

31 dekemberi 2008 gadacemuli

GDRs

31 dekemberi 2007 gadacemuli

GDRs irakli gilauri 134,716 16,666 nikoloz enuqiZe 74,332 – ramaz kukulaZe 52,092 1,666 sulxan gvalia 26,857 13,333 avTo namiCeiSvili 11,667 – irakli burdilaZe 9,666 – kaxa kiknaveliZe 4,000 – jami 313,330 31,665

2. momzadebis safuZveli Sesavali winamdebare konsolidirebuli finansuri angariSgeba momzadebulia finansuri angariSgebis saerTaSoriso standartebis Sesabamisad (`fass~). banks da saqarTveloSi dafuZnebul mis Svilobil kompaniebs kanonmdeblobiT moeTxovebaT, rom dokumentacia awarmoon da finansuri angariSgeba moamzadon larSi `fass~-s Sesabamisad, maSin rodesac saqarTvelos farglebs gareT dafuZnebuli filialebi Sesabamisi adgilobrivi valutebiT funqcionireben. winamdebare konsolidirebuli finansuri angariSgeba momzadebulia istoriuli Rirebulebis meTodis gamoyenebiT, garda samarTliani RirebulebiT asaxuli finansuri aqtivebisa da valdebulebebisa, gasayidad arsebuli fasiani qaRaldebisa, sainvesticio qonebisa da gadafasebuli ZiriTadi saSualebebisa. winamdebare konsolidirebuli finansuri angariSgeba warmodgenilia aTas larSi (`lari”), TiTo aqciis Rirebulebis garda, Tu sxvagvarad ar iqna miTiTebuli. Svilobili kompaniebi konsolidirebuli finansuri angariSgeba 2008 da 2007 wlebis 31 dekembris mdgomareobiT moicavs Semdeg pirdapir da arapirdapir Svilobil kompaniebs:



(aTas larSi)

8

2. momzadebis safuZveli (gagrZeleba) Svilobili kompaniebi (gagrZeleba)

sakuTreba / xmis ufleba %

Svilobili kompaniebi 31 dekemberi,

2008 31 dekemberi,

2007 registrireb

uli saqmianoba registraciis

TariRi SeZenis TariRi

ss `bi-ji banki~ (yofili ganviTarebisa da TanamSromlobis gaerTianebuli banki) 99.4% 98.8% ukraina sabanko saqme 26/01/1994 01/10/2007 Sps `valimedi~ 100.0% - belorusia investireba 14/09/2000 03/06/2008 ss `belarusski narodni banki~ 70.0% - belorusia sabanko saqme 16/04/1992 03/06/2008 Sps `bi-en-bi lizingi~ 76.0% - belorusia lizingi 30/03/2006 03/06/2008 ss `galt end TagarT sequriTiz~

100.0% 100.0% saqarTvelo sabrokero saqme da aqtivebis marTva

19/12/1995 28/12/2004

ss `kavkasiis energetia da infrastruqtura~ (c) 100.0%

saqarTvelo investireba 07/06/2007 -

Sps `galt end TagarT Teqs edvaisori~

100.0% 100.0% saqarTvelo sagadasaxado konsaltingi

25/09/2007 -

`galt end TagarT holdings limiTed~

100.0% 100.0% kviprosi investireba 03/07/2006 -

`galt end TagarT Treiding limiTed~

100.0% 100.0% kviprosi investireba 26/03/2007 -

ss `galt end TagarT sequriTiz, sa~ (moldova)

95.1% - moldova investireba 07/07/2008 -

Sps `galt end TagarT sequriTiz~ (ukraina)

100.0% 100.0% ukraina sabrokero saqme

23/10/2006 -

Sps `galt end TagarT sequriTiz~ (belorusia)

100.0% - belorusia sabrokero saqme

19/02/2008 -

`bruqsbai invesTmenTs limiTed~

100.0% - kviprosi investireba 04/03/2008 18/06/2008

Sps `galt end TagarT sequriTiz MMC~

75.0% - azerbaijani investireba, sabanko da sabrokero

saqme

30/06/2008 -

GTAM limiTed 80.0% 80.0% kviprosi sainvesticio saqmianoba

23/10/2007 -

Sps `galt end TagarT eseT menejmenti~

100.0% 100.0% saqarTvelo aqtivebis marTva

31/05/2007 -

ss `belorusian invesTmenTs~ 100.0% - saqarTvelo samomxmareblo saqonlis

warmoeba da distribucia

14/05/2008 -

ss `liberTi fainanSl oforTuniTiz~

100.0% - saqarTvelo investireba 03/09/2008 -

ss `galt end TagarT holdingz”

100.0% - saqarTvelo investireba 04/11/2008 -



(aTas larSi)

9

2. momzadebis safuZveli (gagrZeleba) Svilobili kompaniebi (gagrZeleba)

sakuTreba / xmis ufleba %

Svilobili kompaniebi

31 dekemberi, 2008 w.


registraciis qveyana saqmianoba

registraciis TariRi

SeZenis TariRi

ss `liberTi qonsiuma~ (yofili ss `galT end TagarT qefiTali~)

65.4% 71.6% saqarTvelo investireba 24/05/2006 -

ss ès-bi rial isTeiTi~ 52.1% 100.0% saqarTvelo uZravi qoneba 27/09/2006 - Sps `vere+~ 100.0% 100.0% saqarTvelo uZravi qoneba 22/05/1996 06/02/2007 Sps àlegro~ 100.0% - saqarTvelo komerciuli 09/09/1996 12/03/2008 ss ès-bi auTdor&indor~ 100.0% 100.0% saqarTvelo sareklamo 09/06/2006 - Sps ìnterturi~ 83.6% 83.6% saqarTvelo turistuli

saagento 29/03/1996 25/04/2006

Sps `holidei Treveli~ 100.0% 100.0% saqarTvelo turistuli saagento

11/02/2005 04/09/2006

ss `fraim fitnesi~ 100.0% 100.0% saqarTvelo fitnes-centri 03/07/2006 - Sps `metroneti~ 100.0% 100.0% saqarTvelo sakomunikacio

momsaxureba 23/04/2007 -

Sps ès-bi transporti~ 100.0% 100.0% saqarTvelo transportireba

20/02/2007 -

Sps `rial isTeiT broqerij-presto~

100.0% 100.0% saqarTvelo uZravi qonebis sabrokero momsaxureba

16/11/2007 -

ss ès-bi imobilia~ 100.0% - saqarTvelo uZravi qonebis samSeneblo kompania

12/03/2008 -

ss sadazRvevo kompania àldagi bi-si-ai~

100.0% 100.0% saqarTvelo dazRveva 22/06/2007 -

ss `Cemi ojaxis klinika~ 100.0% 100.0% saqarTvelo jandacva 03/10/2005 - ss `quTaisis wminmda nikolozis qirurgiuli saavadmyofo~

55.0% - saqarTvelo samedicino momsaxureba

03/11/2000 20/05/2008

Sps `qarTuli salizingo kompania~

100.0% 100.0% saqarTvelo lizingi 29/10/2001 31/12/2004

ss `di-bi-el ji~ 100.0% 100.0% saqarTvelo investireba 23/04/2007 - ss `di-bi-el qefiTal~ 100.0% 100.0% saqarTvelo sabrokero

momsaxureba 27/04/2007 -

Sps `Tavazi~ (b) 100.0% saqarTvelo sabrokero momsaxureba

31/03/2001 20/04/2006

Sps `heji~ (b) 100.0% saqarTvelo sabrokero momsaxureba

22/05/2002 17/04/2006

Sps `jorjian sequriTiz~ (b) 100.0% saqarTvelo sabrokero momsaxureba

19/06/2000 08/10/2007

Sps `qarTuli sabrokero kompania~

(b) 100.0% saqarTvelo sabrokero momsaxureba

23/06/1999 21/12/2006

Sps `ji-si holdingz~ 100.0% 100.0% saqarTvelo investireba 29/10/2007 - Sps `ji-si ukraina~ 100.0% -

ukraina baraTebis damzadeba

30/07/2008 -

ss `jorjian qardi~ 55.7% 55.7% saqarTvelo baraTebis damzadeba

17/01/1997 20/10/2004

ss `nova teqnoloji~ 51.0% 51.0% saqarTvelo eleqtronuli sagadasaxado momsaxureba

19/03/2007 11/11/2007

Sps `daireqT debiT jorjia~ 100.0% 100.0% saqarTvelo eleqtronuli sagadasaxado momsaxureba

07/03/2006 -



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2. momzadebis safuZveli (gagrZeleba) Svilobili kompaniebi (gagrZeleba) ss `saqarTvelos fasiani qaRaldebis gaerTianebuli registratura~

100.0% - saqarTvelo registratura 29/05/2006 -

ss ès-bi reestri~ (a) 100.0% saqarTvelo registratura 29/05/2006 - Sps `saqarTvelos fasiani qaRaldebis gaerTianebuli registratura~

(a) 100.0% saqarTvelo registratura 25/01/1999 30/09/2006

Sps `klubi 24~ 100.0% 100.0% saqarTvelo gasarTobi centri

27/11/2007 -

ss ès-bi Treidi~ 100.0% 100.0% saqarTvelo importi da distribucia

26/02/2007 -

Sps `metro servis +~ 100.0% 100.0% saqarTvelo biznes momsaxureba

10/05/2006 -

ss `galT end TagarT banki~ (d) 100.0% saqarTvelo sabanko saqme 30/12/1996 31/05/2007 (a) Sps `saqarTvelos fasiani qaRaldebis gaerTianebuli registratura~ (Svilobili kompania)

2008 wels Seerwya ss ès-bi reestrs~ (mSobeli kompania). ss ès-bi reestris~ saxelwodeba Seicvala da gaxda ss `saqarTvelos fasiani qaRaldebis gaerTianebuli registratura~

(b) 2008 wels Seerwya ss `di-bi-el qefiTal~-s (g) 2008 wels gayidvis Sedegad aRar warmoadgenda jgufis Svilobil kompanias (d) 2008 wels Seerwya ss `saqarTvelos banks~

3. saaRricxvo politikis mimoxilva axali an Sesworebuli standartebis da interpretaciebis miReba wlis ganmavlobaSi jgufma miiRo Semdegi Sesworebuli `fass~ da axali faisk interpretaciebi. am cvlilebebis ZiriTadi Sedegebia: finansuri aqtivebis reklasifikacia – bass 39 “finansuri instrumentebi: aRiareba da Sefaseba” da fass 7 “finansuri instrumentebi: ganmartebiTi SeniSvnebi” bass 39-is da fass 7-is cvlilebebi gamocemul iqna 2008 wlis 13 oqtombers da aRniSnuli cvlilebebiT, rig SemTxvevebSi SesaZlebelia arawarmoebuli finansuri aqtivebis reklasifikacia savaWrod flobili kategoriidan. cvlilebebiT aseve nebadarTulia rigi finansuri aqtivebis gadatana gasayidad arsebuli kategoriidan sesxebisa da moTxovnebis kategoriaSi. aRniSnuli cvlilebebis ZalaSi Sesvlis TariRia 2008 wlis 1 ivlisi. nebismieri reklasifikacia ganxorcielebuli 2008 wlis 1 noembridan an mis Semdgom, ZalaSi unda Sevides mxolod reklasifikaciis TariRidan. Tu savaWrod flobilad klasificirebuli arawarmoebuli finansuri aqtivi aRar aris uaxloes momavalSi gasayidad gamiznuli, SesaZlebelia misi reklasifikacia samarTliani RirebulebiT mogeba-zaralis kategoriis gavliT, Semdeg SemTxvevebSi: - finansuri aqtivi, romelic daakmayofilebs sesxebisa da moTxovnebis kategoriis gansazRvrebas, SesaZloa reklasificirebul iqnas sesxebisa da moTxovnebis kategoriaze, Tu jgufs aqvs ganzraxva da SesaZlebloba Seinaxos aRniSnuli aqtivi gansazRvruli droiT, vadis dadgomamde; - iSviaT SemTxvevebSi, sxva finansuri aqtivebi SesaZloa reklasificirebul iqnas gasayidad arsebul an dafarvis vadamde SenarCunebad kategoriebze. gasayidad arsebulad klasificirebuli finansuri aqtivi, romelic daakmayofilebs sesxebisa da moTxovnebis kategoriis gansazRvrebas, SesaZloa reklasificirebul iqnas sesxebsa da moTxovnebze, Tu jgufs aqvs ganzraxva da SesaZlebloba, Seinaxos aRniSnuli aqtivi gansazRvruli droiT, vadis dadgomamde;



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3. saaRricxvo politikis mimoxilva (gagrZeleba) axali an Sesworebuli standartebis da interpretaciebis miReba (gagrZeleba) finansuri aqtivis reklasifikacia xdeba misi samarTliani RirebulebiT reklasifikaciis TariRisaTvis. ar xdeba mogeba-zaralis angariSgebaSi aRiarebuli nebismieri mogebis an zaralis Sebruneba. finansuri atqivis samarTliani Rirebuleba reklasifikaciis TariRisaTvis warmoadgens mis axal Rirebulebas an amortizebul Rirebulebas Sesabamisad. jgufs ar mouxdenia finansuri aqtivebis reklasifikacia savaWrod flobili an gasayidad arsebuli kategoriebidan, da Sesabamisad, es cvlilebebi araviTar zemoqmedebas ar axdens jgufis finansur mdgomareobasa an saqmianobaze. faisk 11 fass 2 – “jgufi da saxazino aqciebiT warmoebuli operaciebi” faisk interpretacia 11 ZalaSi Sevida 2007 wlis 1 martidan an mis Semdgom dawyebuli wliuri periodebisaTvis da moiTxovs iseTi RonisZiebebis gatarebas, romelTa safuZvelzec TanamSromels ufleba eniWeba kompaniis kapitalis instrumentebze, romlebic SeiZleba ganixilos, rogorc kapitalis dadgenili sqema, Tundac kompaniam SeiZinos instrumentebi sxva mxarisagan, an aqcionerebma uzrunvelyon kapitalis saWiro instrumentebi. es interpretacia zemoqmedebas ar axdens jgufze. faisk 14 “bass 19 – zRvari gansazRvrul mogebis mqone aqtivze, minimaluri dafinansebis moTxovnebi da maTi urTierTqmedeba” faisk interpretacia 14 gamoica 2007 wlis ivlisSi da ZalaSi Sevida 2008 wlis 1 ianvridan da mis Semdgom dawyebuli wliuri periodebisaTvis. es interpretacia ganmartavs, Tu rogor unda Sefasdes metobis zRvari gansazRvruli mogebis mqone sqemaSi, romelic SeiZleba aRiarebul iqnas rogorc aqtivi bass-19 – is „daqiravebul momuSaveTa gasamrjeloebi“ Sesabamisad. es interpretacia zemoqmedebas ar axdens jgufis finansur mdgomareobaze an saqmianobaze.

reklasifikaciebi 2008 wels wardgenis moTxovnebTan Sesabamisobis mizniT, 2007 wlis naSTebTan dakavSirebiT ganxorcielda Semdegi reklasifikaciebi:

saTauri uwin

gancxadebuli re-

klasificirebuli SeniSvna konsolidirebuli sabalanso angariSgeba:

savaWro fasiani qaRaldebi 6,342 –

reklasificirebulia sxva aqtivebze araarsebiTi naSTis gamo

sxva aqtivebi 61,316 67,658 moicavda savaWro fasian qaRaldebs

gamoSvebuli sasesxo fasiani qaRaldebi 4,993 –

reklasificirebulia sxva valdebulebebze araarsebiTi naSTis gamo

sxva valdebulebebi 95,144 100,137 moicavda gamoSvebul savalo fasian qaRaldebs

mogeba-zaralis konsolidirebuli angariSgeba

gaufasurebis danaricxi finansuri ijaridan moTxovnebze – (708)

warmodgenilia sxva saoperacio xarjebisgan damoukideblad, finansuri ijaridan moTxovnebis gaufasurebasTan dakavSirebuli gazrdili sakredito riskebis gamo



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sxva saoperacio xarjebi (7,392) (6,684)

reklasificirebuli da calke naCvenebi gaufasurebis danaricxi finansuri ijaridan moTxovnebze

mokavSire sawarmoebSi mogebis (zaralis) wili – 137

warmodgenilia sxva saoperacio mogebisgan damoukideblad, Tanxis gazrdili mniSvnelobis gamo

sxva saoperacio xarji 9,903 9,766

reklasificirebuli da calke naCvenebi mokavSire sawarmoebis mogebis (zaralis) wili

riskebTan dakavSirebuli ganmartebiTi SeniSvnebi 2007 wlisaTvis Sesabamisad iqna ganaxlebuli. Svilobili kompaniebi Svilobili kompaniebi, romlebSic jgufs gaaCnia xmis uflebisTvis saWiro wilis naxevarze meti, an sxvagvarad gaaCnia ufleba ganaxorcielos am Svilobili kompaniebis operaciebis kontroli, warmoadgenen konsolidirebul sawarmoebs. Svilobili kompaniebi konsolidirebulad miiCneva kontrolis uflebis warmoSobidan. Svilobil kompaniebs aRar gaaCniaT aRniSnuli statusi kontrolis uflebamosilebis Sewyvetisas. jgufis yvela Sida operacia, naSTebi da ararealizebuli mogeba jgufis kompaniebs Soris operaciebidan iqviTeba. ararealizebuli zarali aseve iqviTeba im SemTxvevis garda, rodesac operacia iZleva gadacemuli aqtivis gaufasurebis safuZvels. Svilobili kompaniebis SeZena jgufis mier Svilobili kompaniis SeZenisas gamoiyeneba buRaltruli aRricxvis SesyidvaTa meTodi. SeZenili amocnobadi aqtivebi da valdebulebebi Tu pirobiTi valdebulebebi, daSvebuli biznesis gaerTianebisas, aRiricxeba Sesyidvis dRes arsebuli samarTliani RirebulebiT umciresobis wilis moculobis miuxedavad. jgufis amocnobadi wminda aqtivebis wilis realur Rirebulebaze meti moculobis Sesyidvebi aRiricxeba rogorc gudvili. Tu Sesyidvis moculoba naklebia Svilobil kompaniaSi jgufis amocnobadi wminda aqtivebis wilis realur Rirebulebaze, sxvaoba aRiricxeba mogeba-zaralis angariSgebaSi. umciresobis wili warmoadgens Svilobili kompaniis wils, romelsac ar flobs jgufi. umciresobis wili balansis Sedgenis dRes warmoadgens umciresi wilis mflobelTa amocnobadi, samarTliani Rirebulebis mqone aqtivebis wils da Svilobili kompaniis valdebulebas Sesyidvis TariRisaTvis, agreTve umciresobis kapitalis dinamikis wils SeZenis Semdgom. umciresobis wili warmodgenilia kapitalSi. zarali umciresobis wilTan mimarTebaSi ar aRemateba Svilobili kompaniis kapitalSi umciresobis wils, Tu ar arsebobs umciresobis valdebuleba daafinansos zaralebi. amgvari zarali mikuTvneba xdeba jgufisadmi. etapobrivi SeZena biznesis gaerTianebisaTvis, romelic moicavs Tanmimdevruli etapobrivi Sesyidvebis etapobriv savaluto operaciebs, TiToeuli savaluto operacia bankis mier ganixileba individualurad, operaciis TariRisaTvis Rirebulebisa da samarTliani Rirebulebis gamoyenebiT da aRniSnul operaciasTan dakavSirebuli nebismieri `gudvilis~ moculobis gansazRvris mizniT. aRniSnulidan gamomdinareobs individualuri investiciebis Rirebulebis etapobrivi Sedareba bankis procentTan, mimRebis amocnobadi aqtivebis, valdebulebebis da pirobiTi valdebulebebis samarTlian RirebulebaSi yvela etapze.



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3. saaRricxvo politikis mimoxilva (gagrZeleba) etapobrivi SeZena (gagrZeleba) Svilobil kompaniebSi mflobelTa wilis zrda sxvaoba Sesyidul Svilobil kompaniebSi wilebTan dakavSirebuli wminda aqtivebis sabalanso Rirebulebasa da mflobelobis wilis zrdis TariRisaTvis amgvari zrdisTvis gacemul anazRaurebas Soris, iricxeba an kreditdeba gaunawilebel mogebaze. investiciebi mokavSire sawarmoebSi

mokavSire sawarmoebi warmoadgenen sawarmoebs, sadac kompanias, rogorc wesi, gaaCnia xmis uflebis 20 dan 50%-mde an sxvagvarad aris uflebamosili iqonios mniSvnelovani gavlena kompaniaze, magram romelsac igi ar akontrolebs. investiciebi mokavSire sawarmoebSi aRiricxeba kapitalis meTodiT da aRiarebulia Tavdapirveli RirebulebiT gudvilis CaTvliT. mniSvnelovani cvlilebebi sabalanso RirebulebaSi asaxavs Sesyidvis Semdgom cvlilebebs Svilobil kompaniaSi jgufis wminda aqtivebis wilSi. mokavSire sawarmoSi jgufis mogebis an zaralis wilis aRiareba xdeba mogeba-zaralis angariSgebaSi, xolo rezervebis dinamikis wilis aRiareba xdeba kapitalSi. Tumca, Tu mokavSire sawarmoSi jgufis zaralis wili tolia an metia jgufis sargebelze, jgufi ar aRiarebs Semdgom zarals, garda im SemTxvevisa, rodesac jgufi valdebulia ganaxorcielos Semdgomi gadaxdebi mokavSire sawarmoSi Tu misi saxeliT. jgufsa da mokavSire sawarmos Soris operaciebidan miRebuli ararealizebuli mogeba iqviTeba im odenobiT, ra wilsac flobs jgufi am mokavSire sawarmoSi. ararealizebuli zarali aseve iqviTeba mokavSire sawarmoSi jgufis wilis Sesabamisad, an Tu ar arsebobs gadacemuli aqtivis gaufasurebis safuZveli. finansuri aqtivebi Tavdapirveli aRiareba bass 39-is Sesabamisad, finansuri aqtivebi klasificirebulia samarTliani RirebulebiT mogeba-zaralis angariSgebis gavliT, sesxebad da moTxovnebad, vadamde flobil investiciebad an gasayidad arsebul finansur aqtivebad. finansuri aqtivebis Tavdapirveli aRiarebisas, maTi aRricxva xdeba samarTliani RirebulebiT, rasac emateba uSualod garigebasTan dakavSirebuli xarjebi mxolod im investiciebisaTvis, romlebic ar aisaxeba samarTliani RirebulebiT mogeba-zaralis angariSgebis gavliT. jgufi gansazRvravs finansuri aqtivebis klasifikacias Tavdapirveli aRiarebis Semdgom.

aRiarebis TariRi rogorc wesi, finansuri aqtivebis gayidvebisa da Sesyidvebis aRiareba xdeba savaWro operaciis dRes, anu im TariRiT, rodesac jgufi Seisyidis aqtivs. Cveulebriv, finansuri aqtivebis Sesyidva da gayidva iseTi operaciebia, romlebic moiTxoven aqtivis mitanas daniSnulebis punqtamde kanonmdeblobiT Tu sabazro pirobebiT regulirebad periodSi.

finansuri aqtivebi samarTliani RirebulebiT mogeba-zaralis angariSgebis gavliT savaWrod flobili finansuri aqtivebi Sesulia kategoriaSi "finansuri aqtivebi samarTliani RirebulebiT mogeba-zaralis angariSgebis gavliT". finansuri aqtivebi klasificirebulia rogorc savaWrod flobili im SemTxvevaSi, Tu isini unda gaiyidos axlo momavalSi. warmoebuli finansuri instrumentebi agreTve klasificirdeba rogorc savaWrod flobili, Tu isini ar ganekuTvneba efeqturi hejirebis instrumentebs. savaWrod flobili finansuri aqtivebidan mogeba-zarali aisaxeba mogeba-zaralis angariSgebaSi.



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3. saaRricxvo politikis mimoxilva (gagrZeleba)

finansuri aqtivebi (gagrZeleba) dafarvis vadamde SenarCunebadi investiciebi finansuri aqtivebi, romlebic ar warmoadgenen warmoebul finansur instrumentebs da gaaCniaT fiqsirebuli an gansazRvradi dafarvebis grafiki da fiqsirebuli vada, klasificirdebian rogorc dafarvis vadamde SenarCunebadi fasiani qaRaldebi, rodesac jgufs Seswevs maTi vadamde flobis unari. aRniSnuli gansazRvreba ar moicavs ganusazRvreli vadis mqone investiciebs. dafarvis vadamde SenarCunebadi investicibi aRiricxeba amortizebuli RirebulebiT. amortizebuli Rirebuleba gamoiangariSeba rogorc Tavdapirvelad aRiarebul Tanxas gamoklebuli yvela Semdgomi dafarva, rasac emateba an akldeba akumulirebuli amortizacia, romelic gamoiangariSeba efeqturi saprocento ganakveTis meTodiT Tavdapirvelad aRiarebul Tanxasa da vadis amowurvisas arsebul Tanxas Soris sxvaobasTan mimarTebaSi. es gamoTvla moicavs nebismier gasamrjelosa da miRebul Tu gadaxdil Tanxebs mxareebs Soris xelSekrulebiT, romliTac gansazRvrulia efeqturi saprocento ganakveTi, operaciis sakomisio da sxva premiebi Tu fasdaklebebi. amortizirebuli RirebulebiT aRricxuli investiciebisaTvis, mogebisa da zaralis aRiareba xdeba konsolidirebul mogeba-zaralis angariSgebaSi, rodesac xdeba investiciis Camowera, an investicia ufasurdeba, agreTve cveTis procesSi. sesxebi da moTxovnebi sesxebi da moTxovnebi arawarmoebuli finansuri aqtivebia, romelTac gaaCniaT fiqsirebuli an gansazRvruli gadasaxadi da romelTa kotireba ar xdeba bazarze. isini ar klasificirdeba rogorc savaWro fasiani qaRaldebi, ar ganisazRvreba rogorc gasayidad arsebuli fasiani qaRaldebi da ar gamoiyeneba mokle periodSi gayidvis mizniT. aseTi aqtivebi aRiricxeba amortizebuli RirebulebiT, efeqturi saprocento ganakveTis meTodis gamoyenebiT. mogebisa da zaralis aRiareba mogeba-zaralis angariSgebaSi xdeba sesxisa da moTxovnis Camowerisas, gaufasurebisas, aseve amortizaciis procesSi. gasayidad arsebuli finansuri aqtivebi gasayidad arsebuli finansuri aqtivebi is arawarmoebuli finansuri aqtivebia, romlebic gansazRvrulia gasayidad arsebul finansur aqtivebad da ar aris gaTvaliswinebuli zemoTaRniSnul sam kategoriaSi. Tavdapirveli aRiarebis Semdgom, gasayidad arsebuli finansuri aqtivebis Sefaseba xdeba samarTliani RirebulebiT, mogebisa da zaralis calkeul komponentad aRiarebiT kapitalSi, investiciis Camoweramde Tu gaufasurebamde, rodesac kapitalSi aRricxuli jamuri mogeba Tu zarali aRiricxeba mogeba-zaralis angariSgebaSi. Tumca, efeqturi saprocento ganakveTis meTodiT daangariSebuli saprocento ganakveTis aRiareba xdeba mogeba-zaralis angariSgebaSi. samarTliani Rirebulebis gansazRvra finansur bazarze gasayidad arsebuli investiciebis samarTliani Rirebuleba balansis Sedgenis TariRisaTvis ganisazRvreba kotirebuli sabazro fasdadebiT SeTavazebis fasiT grZel poziciaze da moTxovnis fasiT mokle poziciaze, saoperacio xarjis gamoklebis gareSe, balansis Sedgenis dRis bolosaTvis. investiciebisaTvis, romelTa sabazro pirobebTan Sedarebac ver xerxdeba, samarTliani Rirebuleba ganisazRvreba saTanado Sefasebis meTodis gamoyenebiT. Sefasebis meTodi moicavs samarTliani pirobebiT warmoebul sabazro garigebebs, romlebic gamomdinareobs nebayoflobiTi operaciebidan, likvidaciidan Tu gayidvebidan, analogiuri instrumentebis sabazro fasebze, diskontirebul fulad nakadebze da sxva Sefasebis modelebze dayrdnobiT.



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3. saaRricxvo politikis mimoxilva (gagrZeleba) finansuri aqtivebi (gagrZeleba) gaqviTva

finansuri aqtivebisa da valdebulebebis gaqviTva da maTi wminda TanxiT sabalanso angariSgebaSi asaxva xdeba maSin, rodesac arsebobs Sesabamisi Tanxebis gaqviTvis iuridiuli ufleba da maTi wminda saxiT dafarvis ganzraxva, an ganzraxva, moxdes aqtivis realizacia da valdebulebis myisieri dafarva. fuli da fulis ekvivalentebi fuli da fulis ekvivalentebi Sedgeba naRdi fulis, moTxovnebis erovnuli bankisadmi, (savaldebulo rezervebis gamoklebiT) da sakredito dawesebulebebisadmi moTxovnebisgan, romelTac gaaCniaT gamoSvebidan 90 dRis vada da Tavisufalni arian sakontraqto valdebulebebisgan. warmoebuli finansuri instrumentebi Cveulebriv biznesis msvlelobisas jgufi awarmoebs gacvliT operaciebs warmoebuli finansuri instrumentebiT savaluto da fasiani qaRaldebis bazrebze. amgvari finansuri instrumentebi gamoiyeneba vaWrobisTvis, aRiarebulia finansuri instrumentebis politikis Tanaxmad da amdenad, fasdeba samarTliani RirebulebiT. samarTliani Rirebuleba ganisazRvreba kotirebuli sabazro RirebulebiT, an fasdadebis modelis Sesabamisad, sadac gaTvaliswinebulia am instrumentis mimdinare sabazro da sakontraqto fasi da sxva faqtorebi. warmoebuli fasiani qaRaldebi aisaxeba, rogorc aqtivebi, rodesac maTi samarTliani Rirebuleba dadebiTia, da rogorc valdebulebebi, roca maTi samarTliani Rirebuleba uaryofiTia. am instrumentebidan miRebuli Semosavlebi da xarjebi aisaxeba mogeba-zaralis angariSgebaSi, rogorc savaWrod flobili fasiani qaRaldebidan mogebas gamoklebuli zarali an savaluto operaciebidan mogebas gamoklebuli zarali, gamomdinare instrumentis bunebidan. sxva finansur instrumentebSi CarTuli warmoebuli finansuri instrumentebi miCneulia calkeul warmoebul finansur instrumentebad da aRricxulia samarTliani RirebulebiT Tu maTi ekonomikuri maxasiaTeblebi da riskebi ar aris pirdapir dakavSirebuli kontraqtSi asaxul monacemebTan, da kontraqti Tavad ar aris savaWrod gamiznuli an asaxuli samarTliani RirebulebiT mogeba-zaralis konsolidirebuli angariSgebis gavliT. CarTuli warmoebuli finansuri instrumentebi, romlebic gancalkevebulia Zirisgan, aRiricxeba samarTliani RirebulebiT savaWrod gamiznul portfelSi da samarTliani Rirebulebis cvlileba asaxvas povebs konsolidirebul mogeba-zaralis angariSgebaSi. Tamasuqebi SeZenili Tamasuqebi gaerTianebulia savaWro fasian qaRaldebSi, an moTxovnebSi sakredito dawesebulebebis mimarT an momxmareblebze gacemul sesxebSi an gasayidad arsebul fasian qaRaldebSi, gamomdinare maTi ekonomikuri Sinaarsidan da aisaxeba im saaRricxvo politikis mixedviT, romelic misadagebulia aq TiToeuli CamoTvlili aqtivis jgufisaTvis. sesxebi gamoSvebuli finansuri instrumentebi an maTi komponentebi klasificirebulia rogorc valdebulebebi, rodesac sakontraqto garigebebis Sedegad jgufs warmoeSoba fuladi an sxvagvari valdebuleba mflobelis winaSe, an rodesac jgufi awarmoebs gacvliT operaciebs sakuTari kapitalis instrumentebiT. amgvari instrumentebi moicaven valdebulebebs sakredito dawesebulebebisa da meanabreebis winaSe, aseve gamoSvebul



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3. saaRricxvo politikis mimoxilva (gagrZeleba) sesxebi (gagrZeleba) sasesxo fasian qaRaldebs. aRniSnuli Tavdapirvelad aRiarebulia miRebuli safasuris samarTliani RirebulebiT, rasac akldeba pirdapir dakavSirebuli garigebis xarjebi. Tavdapirveli aRiarebis Semdgom, sesxebis Sefaseba xdeba amortizebuli RirebulebiT, efeqturi saprocento ganakveTis gamoyenebiT. mogebisa da zaralis aRiareba mogeba-zaralis angariSgebaSi xdeba valdebulebis Camowerisas, agreTve cveTis procesSi. ijara finansuri - jgufi rogorc ijariT gamcemi jgufi konsolidirebul sabalanso angariSgebaSi aRiarebs ijaridan misaReb Tanxebs fasiT, romelic tolia wminda investiciebisa finansur ijaraSi, ijaris vadis aTvlis TariRidan. wminda investicia finansur ijaraSi gamoinagariSeba minimaluri saijaro gadasaxadis mimdinare moculobiT, romlis daangariSebisas ijaris saprocento ganakveTSi gaTvaliswinebulia diskontirebis faqtori. sawyisi pirdapiri xarjebi gaTvaliswinebulia ijaridan misaReb TanxebSi. miRebuli saijaro gadasaxadebi ganawilebulia finansur Semosavalsa da saijaro moTxovnebis klebas Soris. finansuri Semosavali efuZneba princips, romelic asaxavs mudmivi periodulobis mqone Tanxis ganakveTs wminda investiciidan. saoperacio - jgufi rogorc moijare aqtivebis ijara, romelTan mimarTebaSic mflobelobis riskebica da anazRaurebac aris moijaris xelSi, klasificirebulia rogorc saoperacio ijara. saoperacio ijaris saijaro Tanxebi aisaxeba wrfivi meTodiT, rogorc xarji grZelvadian periodSi da Sesulia administraciul da saoperacio xarjebSi. saoperacio - jgufi rogorc ijariT gamcemi jgufi asaxavs saoperacio ijariT dasabegr aqtivebs konsolidirebul sabalanso angariSgebaSi aqtivis bunebis Sesabamisad. saijaro Semosavali saoperacio ijaridan aisaxeba mogeba zaralis angariSgebaSi wrfivi meTodiT ijaris periodSi rogorc sxva Semosavali. moijarisaTvis SeTavazebuli stimulirebis xarjebi aisaxeba rogorc saijaro Semosavlis Semcireba ijaris periodSi wrfivi meTodiT. sawyisi pirdapiri xarjebi, romlebic warmoSobilia specifiurad Semosavlis misaRebad saoperacio ijaridan, emateba ijariT aRebuli aqtivis sabalanso Rirebulebas. finansuri aqtivebis gaufasureba jgufi sabalanso angariSgebis Sedgenis TariRiT asaxavs finansuri aqtivebisa Tu finansuri aqtivebis jgufis gaufasurebas. finansuri aqtivi Tu finansuri aqtivebis jgufi gaufasurebulad miiCneva mxolod maSin, Tu arsebobs raime faqtis (faqtebis) Sedegad gamowveuli gaufasurebis obieqturi safuZveli, romelsac (romelTac) adgili hqonda aqtivis Tavdapirveli aRiarebis Semdgom (warmoSobili “zaralis faqti”) da zaralis faqts (faqtebs) gavlena aqvs finansuri aqtivisa Tu finansuri aqtivebis jgufis savaraudo samomavlo fulad nakadebze, romelTa sarwmunod gansazRvrac SesaZlebelia. gaufasurebis safuZveli SesaZloa migvaniSnebdes, rom msesxebeli Tu msesxebelTa jgufi ganicdis finansur sirTuleebs, arRvevs procentisa Tu ZiriTadi Tanxis dafarvis ganrigs, arsebobs misi gakotrebis albaToba da sxva, an Tu savaraudoa samomavlo fuladi nakadebis kleba ekonomikuri pirobebis cvlilebidan gamomdinare, rac gamoiwvevs sakontraqto pirobebis darRvevas.



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3. saaRricxvo politikis mimoxilva (gagrZeleba) finansuri aqtivebis gaufasureba (gagrZeleba) moTxovnebi sakredito dawesebulebebis mimarT da klientebze gacemuli sesxebi amortizebuli RirebulebiT aRricxuli, sakredito dawesebulebebis mimarT moTxovnebis da klientebze gacemuli sesxebis Sefasebisas jgufi Tavdapirvelad individualurad adgens arsebobs Tu ara gaufasurebis obieqturi safuZveli individualurad mniSvnelovani finansuri aqtivebisTvis an koleqtiurad aramniSvnelovnad miCneuli finansuri aqtivebisaTvis. Tu dadginda, rom gaufasurebis obieqturi safuZveli ar arsebobs, aqtivis CarTva xdeba finansuri aqtivebis jgufSi romelsac gaaCnia analogiuri sakredito riskebi da am finansuri aqtivebis jgufis Sefaseba gaufasurebasTan mimarTebaSi xdeba koleqtiurad. aqtivebi, romelTa Sefaseba gaufasurebasTan mimarTebaSi xdeba individualurad da romelTaTvisac xdeba gaufasurebis zaralis aRiareba, ar aris CarTuli gaufasurebasTan mimarTebaSi aqtivebis koleqtiuri Sefasebis procesSi.

moTxovnebi sakredito dawesebulebebis mimarT da klientebze gacemuli sesxebi

Tu arsebobs gaufasurebis zaralis warmoSobis obieqturi safuZveli, zaralis Tanxa aRiricxeba rogorc sxvaoba aqtivis sabalanso Rirebulebasa da samomavlo fuladi nakadebis mimdinare Rirebulebas Soris (mosalodneli samomavlo sakredito zaralis gamoklebiT, romelsac jer adgili ar hqonia). aqtivis sabalanso Rirebuleba mcirdeba gaufasurebis rezervis gamoyenebiT, xolo zaralis Tanxa aRiarebulia konsolidirebul mogeba-zaralis angariSgebaSi. saprocento Semosavali ericxeba Semcirebul sabalanso Rirebulebas aqtivis Tavdapirvel efeqtur saprocento ganakveTze dayrdnobiT. sesxebi dakavSirebul rezervTan erTad Camoiwereba maSin, rodesac maTi amoReba aRar aris realurad mosalodneli. Tu gaufasurebis zarali izrdeba an mcirdeba gaufasurebis aRiarebis Semdgomi movlenis gamo, uwin aRiarebuli gaufasurebis zarali izrdeba an mcirdeba gaufasurebis rezervis koreqtirebiT. Tu momavalSi moxerxda Camowerili Tanxis amoReba, igi kreditdeba konsolidirebul mogeba-zaralis angariSgebaSi. mosalodneli samomavlo fuladi nakadebis mimdinare Rirebuleba diskontirebulia finansuri aqtivis Tavdapirveli efeqturi saprocento ganakveTiT. Tu sesxs gaaCnia cvladi saprocento ganakveTi, diskontis ganakveTi gaufasurebis zaralis Sesafaseblad warmoadgens mimdinare efeqtur saprocento ganakveTs. uzrunvelyofili finansuri aqtivis samomavlo fuladi nakadebis mimdinare Rirebulebis gamoTvla asaxavs fulad nakadebs, romlebic gamomdinareobs gamoyenebuli uzrunvelyofidan, rasac akldeba uzrunvelyofis miRebasTan da realizaciasTan dakavSirebuli xarjebi, imisda miuxedavad, mosalodnelia Tu ara uzrunvelyofis gamoyeneba. gaufasurebis koleqtiurad Sefasebis mizniT, finansuri aqtivebi dajgufebulia Sida sakredito rangirebis sistemaze dayrdnobiT, romelic iTvaliswinebs sakredito riskis maxasiaTeblebs, rogorebicaa aqtivis tipi, seqtori, geografiuli mdebareoba, uzrunvelyofis tipi, vadagadacilebis statusi da sxva. gaufasurebasTan mimarTebaSi koleqtiurad Sefasebuli finansuri aqtivebis samomavlo fuladi nakadebi gansazRvrulia msgavsi sakredito riskis maxasiaTeblebis mqone aqtivebis istoriuli zaralis Sesabamisad. istoriuli zarali koreqtirdeba arsebul monacemebze dayrdnobiT, raTa asaxul iqnas mimdinare pirobebis gavlena, xolo is garemoebebi, romlebic amJamad aRar arsebobs, ar iyos gaTvaliswinebuli. samomavlo fuladi nakadebis savaraudo cvlilebebi asaxavs da Seesabameba imgvar monacemebs, rogorebicaa umuSevrobis ganakveTi, uZravi qonebis fasi, saqonlis fasi, gadaxdisunarianoba da sxva. samomavlo fuladi nakadebis Sefasebis meTodologiis da daSvebebis, (romlebic gamoiyeneba samomavlo fuladi nakadebis gansazRvris mizniT) gadaxedva xdeba regularulad, gansazRvrul da realur zarals Soris sxvaobis Semcirebis mizniT.



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3. saaRricxvo politikis mimoxilva (gagrZeleba) moTxovnebi sakredito dawesebulebebis mimarT da klientebze gacemuli sesxebi (gagrZeleba) dafarvis vadamde SenarCunebadi finansuri investiciebi dafarvis vadamde SenarCunebadi investiciebisaTvis, jgufi individualurad afasebs arsebobs Tu ara gaufasurebis obieqturi safuZveli. Tu arsebobs gaufasurebis zaralis warmoSobis obieqturi safuZveli, zaralis Tanxa aRiricxeba rogorc sxvaoba aqtivis sabalanso Rirebulebasa da samomavlo fuladi nakadebis mimdinare Rirebulebas Soris. aqtivis sabalanso Rirebuleba mcirdeba da zaralis Tanxa aRiarebulia konsolidirebul mogeba-zaralis angariSgebaSi. Tu momaval periodSi savaraudo gaufasurebis moculoba mcirdeba gaufasurebis aRiarebis Semdgomi movlenis gamo, uwin daricxculi nebismieri Tanxa kreditdeba konsolidirebul mogeba-zaralis angariSgebaSi. gasayidad arsebuli finansuri aqtivebi rodesac xdeba gasayidad arsebuli finansuri aqtivebis gaufasureba, Tanxa romelic moicavs sxvaobas aqtivis Rirebulebasa (ZiriTadi Tanxis yvela Semdgomi dafarva da amortizacia) da mis mimdinare samarTlian Rirebulebas Soris, gamoklebuli nebismieri gaufasurebis zarali, romelic wina periodSi aRricxulia konsolidirebul mogeba-zaralis angariSgebaSi, gadaitaneba kapitalidan konsolidirebul mogeba-zaralis angariSgebaze. gasayidad arsebul kapitalis instrumentebTan mimarTebaSi, Sebruneba ar aris aRricxuli konsolidirebul mogeba-zaralis angariSgebaSi. gaufasurebis zaralis Sebruneba sasesxo instrumentebze xdeba konsolidirebuli mogeba-zaralis angariSgebis gavliT, Tu instrumentis samarTliani Rirebulebis mateba SeiZleba obieqturad daukavSirdes gaufasurebis zaralis mogeba-zaralis angariSgebaSi aRricxvis Semdgom movlenas.

xelaxla SeTanxmebuli sesxebi saWiroebis SemTxvevaSi jgufi axdens sesxebis restruqturizacias imis nacvlad, rom miiRos mflobelobaSi uzrunvelyofa. aRniSnuli SesaZloa moicavdes dafarvis pirobebis gaumjobesebas da sesxis axali pirobebis SeTanxmebas. mas Semdeg, rac moxdeba sesxis pirobebis xelaxali SeTanxmeba, sesxi aRar miiCneva vadagadacilebulad. xelmZRvaneloba mudmivad axdens xelaxla SeTanxmebuli sesxebis monitorings, raTa darwmundes rom Sesrulebulia yvela piroba da samomavlo dafarvebi mosalodnelia. gaufasurebasTan mimarTebaSi sesxebi kvlavac fasdeba individualurad an koleqtiurad da SefasebisTvis gamoiyeneba sesxis Tavdapirveli efeqturi saprocento ganakveTi.

finansuri aqtivebisa da valdebulebebis Camowera finansuri aqtivebi finansuri aqtivis (an, sadac misaRebia, finansuri aqtivis nawilis an analogiuri finansuri aqtivebis jgufis nawilis) Camowera xdeba Tu:

• amoiwura aqtivis mier fuladi saxsrebis Semotanis vada;

• jgufma gadasca aqtivis mier fuladi saxsrebis Semotanis ufleba, an daitova amgvari ufleba, magram aiRo Tanxebis srulad da dagvianebis gareSe mesame pirebisaTvis gadaxdis saxelSekrulebo valdebuleba; da

• jgufis mier (a) gadacemul iqna aqtivTan dakavSirebuli yvela riski da sargebeli; (b) jgufis mier gadacemul iqna aqtivze kontroli. im SemTxvevaSi, rodesac jgufis mier gadacemul iqna aqtividan fuladi saxsrebis miRebis ufleba da ar momxdara riskebisa da sargeblis da aqtivze kontrolis arc gadacema da



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3. saaRricxvo politikis mimoxilva (gagrZeleba) finansuri aqtivebisa da valdebulebebis Camowera (gagrZeleba) finansuri aqtivebi (gagrZeleba) arc SenarCuneba, jgufis mier aqtivis aRiareba xdeba Semdgomi gamoyenebis pirobiT. Semdgomi gamoyeneba, romelsac gaaCnia gadacemul aqtivze erTgvari garantiis forma, aisaxeba aqtivis umciresi sabalanso RirebulebiT da im maqsimaluri Tanxis gaTvaliswinebiT, romlis gadaxdac SesaZloa dasWirdes jgufs. rodesac Semdgomi gamoyeneba miiRebs gadacemul aqtivze werilobiTi da/an SeZenili ofcionis formas (fuladi ofcionebis an msgavsi sakontraqto pirobebis saxiT), jgufis CarTulobis xarisxi warmoadgens im gadacemuli aqtivis Tanxas, romliTac SesaZlebelia aqtivis gamosyidva. Tumca, im SemTxvevaSi, rodesac arsebobs werilobiTi miwodebis ofcioni (fuladi ofcionebis an msgavsi sakontraqto pirobebis saxiT) samarTliani RirebulebiT asaxul aqtivze, jgufis CarTulobis xarisxi Semoifargleba gadacemuli aqtivebis samarTlian Rirebulebasa da ofcionis saaRsrulebo fass Soris umciresiT. finansuri valdebulebebi finansuri valdebulebebis Camowera xdeba maSin, rodesac valdebulebebi aqtivTan mimarTebaSi baTildeba an amoiwureba. rodesac arsebul finansur valdebulebas kreditorTan cvlis meore, mniSvnelovnad Secvlili pirobebiT, an, Tu mimdinare valdebulebis pirobebi mniSvnelovnad icvleba, amgvari cvlileba Tu modifikacia gulisxmobs sawyisi valdebulebis Camoweras da axali valdebulebis asaxvas, xolo Sesabamisi sabalanso Rirebulebis sxvaoba aisaxeba konsolidirebul mogeba-zaralis angariSgebaSi. finansuri garantiebi biznesis warmoebis Cveulebriv procesSi jgufi gascems finansur garantiebs akreditivebisa da garantiebis saxiT. finansuri garantiebi konsolidirebul finansur angariSgebaSi aRiricxebian samarTliani RirebulebiT, „sxva valdebulebebSi“, rogorc miRebuli premia. Tavdapirveli aRiarebis Semdgom, jgufis valdebulebebi yoveli garantiisTvis izomeba amortizebul premiasa da im xarjebis maqsimalurad zust gaTvlas Soris umetesiT, romelic saWiro iqneba garantiidan warmoSobili finansuri valdebulebis dasafarad. yoveli mateba valebulebebSi, rac dakavSirebulia finanansur garantiebTan aisaxeba konsolidirebul mogeba-zaralis angariSgebaSi. miRebuli premia aRiarebulia konsolidirebul mogeba-zaralis angariSgebaSi wrfivi meTodis gamoyenebiT garantiis sasargeblo momsaxurebis xangrZlivobis Sesabamisad. gadasaxadebi mimdinare saSemosavlo gadasaxadis daangariSeba xdeba saqarTvelos sagadasaxado kodeqsis Sesabamisad. gadavadebuli aqtivebisa da valdebulebebis daangariSeba xdeba mimdinare sxvaobebTan mimarTebaSi valdebulebaTa meTodis gamoyenebiT. gadavadebuli saSemosavlo gadasaxadebi gaTvaliswinebulia yvela droebiT sxvaobaze, romelic warmoiSoba aqtivebisa da valdebulebebis sagadasaxado dasabegr safuZvelsa da maT sabalanso Rirebulebas Soris finansuri angariSgebis miznebisaTvis, garda im SemTxvevisa, rodesac gadavadebuli saSemosavlo gadasaxadi warmoiSoba gudvilis Tavdapirveli aRiarebidan Tu aqtivisa da valdebulebidan im operaciaSi, romelic ar aris sawarmoTa gaerTianeba da operaciis TariRisaTvis gavlenas ar iqoniebs saaRricxvo mogebasa Tu dasabegr mogeba-zaralze.



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3. saaRricxvo politikis mimoxilva (gagrZeleba)

gadasaxadebi (gagrZeleba) gadavadebuli sagadasaxado aqtivi aisaxeba im pirobiT, Tu arsebobs albaToba dasabegri mogebisa, romliTac SesaZlebeli iqneba droebiTi gamoqviTvadi sxvaobebis dafarva. gadavadebuli sagadasaxado aqtivebi da valdebulebebi aRiricxeba sagadasaxado ganakveTebiT, romelTa gamoyenebac mosalodnelia aqtivis realizaciisa da valdebulebis dafarvis periodSi im ganakveTebze dayrdnobiT, romlebic dadginda balansis Sedgenis dRes. gadavadebuli saSemosavlo gadasaxadi warmodgenilia droebiT sxvaobebze, romlebic warmoiSoba investiciebidan Svilobil kompaniebSi, mokavSire da erTobliv sawarmoebSi, garda im SemTxvevisa, rodesac SesaZloa gakontrolebul iqnas droebiTi sxvaobis Sebrunebis dro da axlo momavalSi Sebruneba ar aris mosalodneli. saqarTveloSi, ukrainaSi, belorusiaSi, kviprossa da moldoveTSi moqmedebs rigi saoperacio gadasaxadebisa, romlebic jgufis saqmianoabasTanaa dakavSirebuli. aRniSnuli gadasaxadebi CarTulia sxva saoperacio xarjebSi. sainvesticio qoneba jgufi flobs sainvesticio ZiriTad saSualebebs saijaro Semosavlisa an kapitalis zrdisaTvis. sainvesticio ZiriTadi saSualebebi Tavdapirvelad aRiricxeba TviTRirebulebiT, Semdgomi xarjebis CaTvliT. Tavdapirveli aRiarebis Semdgom, sainvesticio ZiriTadi saSualebebi aRiricxeba samarTliani RirebulebiT. sainvesticio ZiriTadi saSualebebis samarTliani Rirebulebis cvlilebidan warmoSobili mogeba an zarali CarTulia mogeba-zaralis angariSgebaSi, rogorc “sainvesticio ZiriTadi saSualebebis gadafasebidan miRebuli mogeba Semosuloba.” ZiriTadi saSualebebi ZiriTadi saSualebebi aRricxulia sabalanso RirebulebiT garda yoveldRiuri momsaxurebis xarjebisa, rasac akldeba akumulirebuli cveTa da akumulirebuli gaufasurebis moculoba. amgvari Tanxa moicavs ZiriTadi saSualebebis Canacvlebis Rirebulebas, rodesac xarji warmoiSoba Tu aRiarebis kriteriumebi daculia. Senoba-nagebobebi Sefasebulia samarTliani RirebulebiT, gamoklebuli cveTa da gaufasurebis ganakeTi gadafasebis TariRis Semdgom. ZiriTadi saSualebebis sabalanso Rirebulebis gadaxedva xdeba gadafasebasTan mimarTebaSi, rodesac movlenebi an garemoebaTa cvlilebebi mianiSneben, rom sabalanso Rirebulebis aRdgena SesaZloa ver moxerxdes. Tavdapirvelad TviTRirebulebiT aRiarebis Semdgom, Senoba-nagebobebi aisaxeba gadafasebuli RirebulebiT, rac warmoadgens maT samarTlian Rirebulebas gadafasebis TariRisaTvis, gamoklebuli SemdgomSi akumulirebuli cveTisa da gaufasurebis zarali. Sefaseba xdeba sakmaod xSirad imisaTvis, raTa uzrunvelyofil iqnas faqti, rom gadafasebuli aqtivis samarTliani Rirebuleba arsebiTad ar gansxvavdeba misi sabalanso Rirebulebisgan.

gadafasebis nebismieri metoba kreditdeba kapitalSi CarTuli ZiriTadi saSualebebis gadafasebis rezervze, garda im SemTxvevisa, rodesac xdeba uwin konsolidirebul mogeba-zaralis angariSgebaSi CarTuli aqtivis gadafasebisas misi moculobis klebis Sebruneba. am SemTxvevaSi, mateba aRiarebulia konsolidirebul mogeba-zaralis angariSgebaSi. gadafasebis deficiti aRiarebulia konsolidirebul mogeba-zaralis angariSgebaSi, garda im SemTxvevisa, rodesac deficiti pirdapir qviTavs imave aqtivze uwin aRiarebul matebas, da gamoiqviTeba ZiriTadi saSualebebis gadafasebis rezervidan.



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3. saaRricxvo politikis mimoxilva (gagrZeleba) ZiriTadi saSualebebi (gagrZeleba) ZiriTadi saSualebebis gadafasebis rezervidan wliuri gadatana gaunawilebel mogebaze xdeba aqtivis gadafasebuli sabalanso Rirebulebis cveTasa da aqtivis Tavdapirveli Rirebulebis cveTas Soris sxvaobiT. damatebiT, gadafasebis TariRisaTvis akumulirebuli cveTa iqviTeba aqtivis jamur sabalanso RirebulebasTan da xdeba misi wminda TanxiT xelaxla asaxva. gayidvisas, calkeul aqtivTan dakavSirebuli mTliani gadafasebis rezervi gadaitaneba gaunawilebel mogebaze. aqtivebis cveTa iricxeba im TariRidan, rodesac xdeba aqtivis momsaxurebaSi gaSveba. cveTis daricxva xdeba wrfivi meTodiT, ZiriTadi saSualebebis sasargeblo momsaxurebis xangrZlivobis Semdegi maCveneblebis mixedviT:

weli Senobebi 50 aveji da mowyobilobebi 10 kompiuterebi da saofise teqnika 5 satransporto saSualebebi 5

aqtivebis narCeni Rirebulebis, sasargeblo momsaxurebis xangrZlivobisa da meTodebis gadaxedva da Sesabamisad koreqtireba saWiroebisamebr xdeba yoveli finansuri wlis bolos. saijaro gaumjobesebebis amortizacia xdeba dakavSirebuli saijaro aqtivis sasargeblo momsaxurebis xangrZlivobis Sesabamisad. SekeTeba-ganaxlebasTan dakavSirebuli xarjebi iricxeba warmoSobisas da maTi CarTva xdeba sxva saoperacio xarjebSi Tu ar arsebobs maTi kapitalizaciis safuZveli. gudvili biznesis gaerTianebisas warmoSobili gudvili warmoadgens jgufis Svilobil kompaniaSi amocnobadi aqtivebis, valdebulebebis da pirobiT valdebulebebis wminda samarTliani Rirebulebis wilsa da biznesis gaerTianebasTan dakavirebuli xarjis sxvaobas Sesyidvis TariRisaTvis. Svilobili kompaniis SesyidvasTan dakavSirebuli gudvili CarTulia aramaterialur aqtivebSi. mokavSire sawarmoebis SesyidvasTan dakavSirebuli gudvili CarTulia investiciebSi mokavSire sawarmoebSi. Tavdapirveli aRiarebis Semdgom, gudvili aRiricxeba TviTRirebulebiT, rasac akldeba nebismieri daricxuli gaufasurebis zarali. gaufasurebasTan mimarTebaSi gudvilis gadaxedva xdeba yovelwliurad an ufro xSirad, Tu movlenebi da garemoebebis cvlilebebi miuTiTeben mimdinare Tanxebis gaufasurebis Sesaxeb. gaufasurebis Semowmebis miznebisaTvis, biznesis gaerTianebisas daricxuli gudvili, Sesyidvis TariRidan gadanawildeba jgufis fuladi nakadebis momtan biznes erTeulebze, an fuladi nakadebis momtan biznes erTeulTa jgufebze, romlebic savaraudod isargebleben gaerTianebis procesiT, imisda miuxedavad ganekuTvneba Tu ara jgufis sxva aqtivebi da valdebulebebi aRniSnul biznes erTeulebs Tu biznes erTeulTa jgufebs. amgvari danayofebi, romelTac ericxebaT gudvili warmoadgenen:

• jgufis qveda dones sadac gudvilis monitoringi xdeba menejmentis Sida miznebisaTvis

• ar arian bass # 14-s Sesabamisad (“angariSebis wardgena segmentebis mixedviT”) jgufis segmenturi angariSgebis farglebSi pirvelad an meorad segmentze msxvili.



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3. saaRricxvo politikis mimoxilva (gagrZeleba) gudvili (gagrZeleba) gudvilis gaufasureba ganisazRvreba im fuladi nakadebis momtani biznes erTeulis (erTeulTa jgufis) aRdgenadi Rirebulebis SefasebiT, romelsac ganekuTvneba gudvili. im SemTxvevaSi, rodesac aRdgenadi Rirebuleba naklebia sabalanso Tanxebze, xdeba gaufasurebis zaralis aRiareba. rodesac gudvili ganekuTvneba fuladi nakadebis momtan biznes erTeulTa jgufs da misi nawilis gayidvis SemTxvevaSi, gudvilis nawili, romelic ganekuTvneba gayidul operacias, CarTulia am nawilis sabalanso RirebulebaSi, operaciis gayidvasTan dakavSirebuli mogebisa da zaralis gansazRvrisas. am SemTxvevaSi, gayiduli gudvili Sefasebulia gayiduli nawilisa da jgufSi darCenili fuladi nakadebis momtani biznes erTeulis wilis SefardebiTi Rirebulebis Sesabamisad. sxva aramaterialuri aqtivebi jgufis sxva aramaterialuri aqtivebi warmoadgens programul uzrunvelyofas. programuli uzrunvelyofis aRricxva xdeba TviTRirebulebiT, xolo amortizacia wrfivi meTodiT, sasargeblo momsaxurebis xangrZlivobis manZilze, rac ar unda aRematebodes aT wlian periods. calkeuli gaunawilebeli mogebis Sefaseba xdeba Tavdapirveli aRiarebisas TviTRirebulebiT. biznesis gaerTianebisas warmoSobili gaunawilebeli mogebis moculoba warmoadgens Sesyidvis dRes arsebul samarTlian Rirebulebas. Tavdapirveli aRiarebis Semdgom, aramaterialuri aqtivebi aRiricxeba TviTRirebulebiT, rasac akldeba akumulirebuli amortizacia da akumulirebuli gaufasurebis zarali. aramaterialuri aqtivebis sasargeblo momsaxurebis xangrZlivoba Sefasebulia gansazRvruli Tu ganusazRvreli vadiT. vadiani aramaterialuri aqtivebi amortizebulia sasargeblo momsaxurebis xangrZlivobis - 4-10 wlis ganmavlobaSi da maTi Sefaseba gaufasurebasTan mimarTebaSi xdeba amgvari indikaciis arsebobisas. vadiani aramaterialuri aqtivebis amortizaciis periodikisa da meTodebis gadaxedva xdeba sul mcire yoveli fiskaluri wlis bolos. ganusazRvreli momsaxurebis xangrZlivobis mqone aramaterialuri aqtivebis amortizeba ar xdeba, Tumca xdeba maTi gaufasurebasTan mimarTebaSi yovelwliurad Semowmeba, individualurad an fuladi nakadebis gamomuSavebeli biznes erTeulis doneze, aqtivis mimdinare momsaxurebis xangrZlivobis statusis dadasturebis mizniT. programuli uzrunvelyofis SenaxvasTan dakavSirebuli xarjebi aRiricxeba xarjebSi warmoSobisas. programuli uzrunvelyofis ganviTarebis Rirebuleba (dakavSirebuli axali an mniSvnelovnad gaumjobesebuli uzrunvelyofis dizainsa da testirebasTan) aRiarebulia rogorc aramaterialuri aqtivebi mxolod maSin, rodesac jgufs gaaCnia am procesis bolomde miyvanis unari da zraxva im moculobiT, rom SesaZlebeli iyos aqtivis gamoyeneba Tu gayidva, rom aqtivs SeeZlos samomavlo ekonomikuri sargeblis motana, ganviTarebis xarjebis gaTvaliswinebiT. sxva saxis programuli uzrunvelyofis aRricxva xdeba xarjebSi warmoSobisas. rezervebi

rezervebis aRiareba xdeba maSin, rodesac jgufs gaaCnia warsuli movlenidan gamomdinare mimdinare Tu mosalodneli iuridiuli valdebuleba da savaraudoa ekonomikuri sargeblis mqone resursebis gadineba valdebulebis dasafarad, aseve SesaZlebelia valdebulebis Tanxis sarwmunod gansazRvra. dazRvevisa da gadazRvevis moTxovnebi dazRvevisa da gadazRvevis moTxovnebi aRiarebulia sadazRvevo polisis pirobebis Sesabamisad da aRricxulia TviTRirebulebiT. dazRvevisa da gadazRvevis moTxovnebis



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3. saaRricxvo politikis mimoxilva (gagrZeleba) dazRvevisa da gadazRvevis moTxovnebi (gagrZeleba)

sabalanso Rirebulebis gadaxedva gaufasurebasTan mimarTebaSi xdeba maSin, rodesac movlenebi an garemoebebi miuTiTebs, rom sabalanso Rirebulebis aRdgena SesaZloa ver moxerxdes. nebismieri gaufasurebis zarali aRiricxeba konsolidirebul mogeba-zaralis angariSgebaSi. gadazRvevis moTxovnebi ZiriTadad moicavs sadazRvevo kreditis daufaravi naSTebis moTxovnebs rogorc sadazRvevo, aseve gadamzRvevi kompaniebisagan. gadazRvevis premiis aRiareba xdeba Semosavlad ise, rogorc es moxdeboda, Tu gadazRveva miiCneoda pirdapir saqmianobad, gadazRveuli saqmianobis produqciis klasifikaciis gaTvaliswinebiT. valdebulebebi gadamzRvevTa winaSe Sefasebulia asocirebuli polisebidan da gadazRvevis xelSekrulebidan gamomdinare. gadaxdili premia da anazRaurebuli pretenziebi warmodgenilia jamurad. gaufasurebis gadaxedva xdeba yvela gadazRvevis aqtivze, gaufasurebis indikaciis warmoSobisas. gadazRvevis moTxovnebis gaufasureba xdeba mxolod im SemTxvevaSi, Tu arsebobs obieqturi safuZveli, rom jgufi ver miiRebs Tanxas aRniSnuli saxelSekrulebo moTxovnidan da SesaZlebelia Tanxis sarwmunod gansazRvra. sadzRvevo valdebulebebi zogadi sadazRvevo valdebulebebi zogadi sadazRvevo saxelSekrulebo valdebulebebi gamomdinareobs im savaraudo pretenziebis maqsimaluri Rirebulebidan, romlebic warmoiSva, magram ar dafarula balansis Sedgenis TariRisaTvis, imisda miuxedavad, gancxadebulia isini, Tu ara, anazRaurebasTan dakavSirebul xarjebTan erTad da amoRebis mosalodneli TanxiT Semcirebis gaTvaliswinebiT. rigi zogadi sadazRvevo moTxovnebis miwodeba da anazRaureba SesaZloa mniSvnelovnad dagviandes. ZiriTadad es exeba pasuxismgeblobis dazRvevas da garemos dacvasTan dakavSirebul saqmianobas, Sesabamisad, maqsimaluri Rirebuleba SesaZloa ar iyos zustad gansazRvruli balansis Sedgenis TariRisaTvis. gamoumuSavebeli premiebis rezervebi gamowerili premiebis proporcia, maT Soris SuamavlebisaTvis gadasaxdeli sakomisio, romelic ganekuTvneba Sesabamis periodebs, gadavadebulia, rogorc gamoumuSavebeli premia. gamoumuSavebeli premiis rezervis cvlileba Setanilia konsolidirebul mogeba-zaralis angariSgebaSi, raTa mogeba aRiarebul iqnas riskis periodSi, an anuitetis SemTxvevaSi, momavali gadaxdebis ganmavlobSi. valdebulebis adekvaturobis Semowmeba balansis Sedgenis dRes xorcieldeba valdebulebis adekvaturobis Semowmeba gamoumuSavebeli premiebis adekvaturobis uzrunvelyofis mizniT, dakavSirebuli gadavadebuli SeZenis Rirebulebis gauTvaliswineblad. Semowmebisas gamoiyeneba samomavlo sakontraqto fuladi nakadebis mimdinare Sefaseba, pretenziebis anazRaurebis da polisis administrirebis xarjebi, iseve rogorc, sainvesticio Semosavali aRniSnuli valdebulebebis uzrunvelsayofad arsebuli aqtivebidan. nebismieri araadekveturoba myisierad ericxeba konsolidirebul mogeba-zaralis angariSgebas riskis rezervis Seqmnis gziT. sapensio da sxva valdebulebebi TanamSromelTa winaSe jgufs gaaCnia saxelmwifo sapensio sqemisgan damoukidebeli sapensio sqema. bankis gansazRvruli Senatanis mqone sapensio sqema moicavs ZiriTadad srul ganakveTze myof



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3. saaRricxvo politikis mimoxilva (gagrZeleba) sapensio da sxva valdebulebebi TanamSromelTa winaSe (gagrZeleba) TanamSromlebs. jgufi agrovebs Senatanebs misi TanamSromlebisgan. rodesac TanamSromeli miaRwevs sapensio asaks, xdeba dagrovili Senatanebis TanamSromlisTvis gadaxda masTanve SeTanxmebuli ganrigis Sesabamisad. dagrovili Senatanebi gadanawilebulia TanamSromlis mier Tanxis miRebis periodze. aqciebiT warmoebul gadaxdebze dafuZnebuli garigebebi jgufis TanamSromlebi (zeda rgolis xelmZRvanelebis CaTvliT) Rebuloben anazRaurebas aqciebze dafuZnebuli garigebebidan, rodesac TanamSromlebi ewevian momsaxurebas kapitalis instrumentebis safasurad (kapitaliT warmoebul angariSsworebaze dafuZnebuli garigebebi).

kapitaliT warmoebul angariSsworebaze dafuZnebuli garigebebi TanamSromlebTan kapitaliT warmoebul angariSsworebaze dafuZnebuli garigebebis fasi aRricxulia samarTliani RirebulebiT im TariRiT, rodesac moxda maTi miReba. kapitaliT warmoebuli garigebebis fasi aRricxulia Sesabamisi kapitalis zrdasTan erTad, im periodis ganmavlobaSi, rodesac moxda momsaxurebis gaweva/valdebulebebis Seruleba. es periodi sruleba maSin, rodesac Sesabamisi TanamSromeli mTlianad uflebamosilia miiRos premia ("ZalaSi Sesvlis TariRi"). ZalaSi Sesvlis TariRisaTvis, yovel sabalanso wels aRiarebuli kapitaliT warmoebuli garigebebis mTliani xarji damokidebulia ZalaSi yofnis mTliani periodis gasvlasa da wilobrivi instumentebis raodenobis Sefasebaze. konsolidirebul mogeba-zaralis angariSgebaSi asaxuli xarji Tu Semosavali warmoadgens mTliani xarjis cvlilebas periodis dasawyisidan bolomde. ZalaSi Sesvlamde ar xdeba premiis xarjis aRiareba, garda im SemTxvevebisa, rodesac uflebamosilebis miniWeba damokidebulia sabazro pirobebze, gaTvaliswinebiT imisa, rom yvela danarCeni piroba Sesrulebulia. es SemTxveva miiCneva uflebamosilebis miniWebad, miuxedavad imisa, dakmayofilebulia Tu ara sabazro pirobebi. rodesac kapitaliT warmoebul angariSsworebaze dafuZnebuli premiebis pirobebi icvleba, minimaluri xarjis aRiareba xdeba im saxiT, TiTqos ar momxdariyos pirobebis cvlileba. garda amisa, xarjis aRiareba xdeba nebismieri koreqtirebisaTvis, romelic zrdis aqciebiT warmoebul gadaxdebze dafuZnebuli garigebebis mTlian samarTlian Rirebulebas an sxvagvarad warmoadgens TanamSromlis sargebels modifikaciis TariRiT. rodesac xdeba kapitalze dafuZnebuli premiis gauqmeba, is ZalaSi Sesulad miiCneva gauqmebis TariRiT, xolo nebismieri premiis xajis im nawilis aRiareba, romlis aRiarebac jer ar momxdara xdeba myisierad. Tumca, Tu gauqmebul premias Caenacvleba axali, romelic gadacemis TariRisaTvis aRwerilia rogorc Canacvlebis premia, Zveli da axali premiebi moiazreba Tavdapirveli premiis koreqtirebebad, rogorc aRwerilia wina paragrafSi. sawesdebo kapitali

Cveulebrivi aqciebi klasificirebulia rogorc kapitali. gare xarjebi, pirdapir dakavSirebuli axali aqciebis gamoSvebasTan sawarmoTa gaerTianebisTvis gamoSvebuli aqciebis garda, aRricxulia rogorc gamoqviTvebi kapitalis Semosavlebidan. gamoSvebuli aqciebis nominalur Rirebulebaze meti nebismieri samarTliani Rirebulebis mqone miRebuli safasuri aRiricxeba, rogorc damatebiT Setanili kapitali.



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3. saaRricxvo politikis mimoxilva (gagrZeleba) saxazino aqciebi

rodesac jgufi an misi Svilobili kompania SeiZens jgufis wils, gadaxdili safasuri, dakavSirebul wminda saoperacio TanxebTan erTad gamoiqviTeba mTliani kapitalidan, rogorc saxazino aqciebi maT gauqmebamde an xelaxla gamoSvebamde. rodesac SemdgomSi xdeba aseTi aqciebis gayidva an xelaxla gamoSveba, xdeba miRebuli safasuris CarTva kapitalSi. saxazino aqciebi asaxulia saSualo Sewonili RirebulebiT. damatebiT Setanil kapitalTan mimarTebaSi premiebis koreqtirebiT dividendebi dividendebi aRiarebulia rogorc valdebuleba da gamoiqviTeba kapitalidan balansis Sedgenis TariRisaTvis mxolod maSin, Tu isini gancxadebulia balansis Sedgenamde periodSi an balansis Sedgenis TariRiT. dividendebi gancxadebulia, rodesac maTi SeTavazeba balansis Sedgenis TariRamde xdeba, an Tu isini SeTavazebulia an gancxadebulia balansis Sedgenis Semdgom periodSi, magram konsolidirebuli finansuri angariSgebis gamocemamde. angariSgebis wardgena segmentebis mixedviT segmenti warmoadgens jgufis ganmasxvavebel komponents, romelic gamoiyeneba produqciis an momsaxurebebis miwodebisas (biznes segmentebi) konkretuli ekonomikuri garemos farglebSi (geografiuli segmenti), rac eqvemdebareba sxva segmentebisgan gansxvavebul riskebs da premiebs. jgufi gansazRvravs, rom pirveladi da meoradi segmentebi biznesisa da geografiuli segmentebia. pirobiTi valdebulebebi pirobiTi valdebulebebis aRiareba konsolidirebul sabalanso angariSgebaSi ar xdeba, Tu ar arsebobs valdebulebebis dasafari resursebis gadinebis safuZveli, romelic SeiZleba sarwmunod Sefasdes. pirobiTi aqtivebis aRiareba ar xdeba konsolidirebul sabalanso angariSgebaSi, Tumca xdeba maTi gancxadeba, rodesac mosalodnelia ekonomikuri sargeblis miReba. Semosavlisa da xarjis aRiareba Semosavalis aRiareba xdeba maSin rodesac ekonomikuri sargeblis miRebis albaToba maRalia da SesaZlebelia misi sandod Sefaseba. Semdegi konkretuli kriteriumebi unda dakmayofildes vidre moxdebodes Semosavlis aRiareba:

procenti da msgavsi Semosavali da xarji amortizebuli RirebulebiT aRricxuli yvela finansuri instrumentisaTvis da savaWrod gamiznuli an gasayidad arsebuli saprocento sargeblis mqone fasiani qaRaldebisaTvis, saprocento Semosavali da xarji aRiricxeba efeqturi saprocento ganakveTis meTodiT, romliTac xdeba mosalodneli samomavlo fuladi dafarvebisa/Semosavlisa finansuri instrumentis sasargeblo momsaxurebis xangrZlivobis Tu ufro mokle periodis manZilze sadac es SesaZlebelia, finansuri aqtivis Tu valdebulebis wminda sabalanso Rirebulebaze zusti diskontireba. gaangariSeba iTvaliswinebs finansuri instrumentis yvela sakontraqto pirobas (magaliTad winaswari gadaxdis SesaZleblobas) da moicavs nebismier sakomisio Tanxas, romelic pirdapir ganekuTvneba instruments da warmoadgens efeqturi saprocento ganakveTis ganuyofel nawils, garda samomavlo sakredito zaralisa. finansuri aqtivisa Tu finansuri valdebulebis sabalanso Rirebuleba koreqtirdeba Tu jgufi gadaxedavs mis mier dasafari Tu misaRebi savaraudo Tanxebis Sefasebas. koreqtirebuli sabalanso Rirebuleba gamoiTvleba Tavdapirvel efeqtur



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3. saaRricxvo politikis mimoxilva (gagrZeleba) Semosavlisa da xarjis aRiareba (gagrZeleba) procenti da msgavsi Semosavali da xarji (gagrZeleba) saprocento ganakveTze dayrdnobiT da sabalanso Rirebulebis cvlileba aRiricxeba rogorc saprocento Semosavali Tu xarji. rodesac finansuri aqtivis Tu msgavsi aqtivebis jgufis Rirebuleba mcirdeba gaufasurebis zaralis gamo, saprocento Semosavlis aRiareba grZeldeba Tavdapirveli efeqturi saprocento ganakveTis gamoyenebiT romelic miesadageba axal sabalanso Rirebulebas. Semosavali gasamrjelodan da sakomisiodan jgufi Rebulobs Semosavals gasamrjelodan da sakomisiodan momxmarebelTaTvis gaweuli sxvadasxva momsaxurebidan, rac SesaZloa daiyos Semdeg or kategoriad: - Semosavali garkveuli periodis manZilze gaweuli momsaxurebidan miRebuli gasamrjelodan Semosavali garkveuli periodis manZilze gaweuli momsaxurebidan miRebuli gasamrjelodan daricxulia imave periodSi. aRniSnuli gasamrjelo moicavs Semosavals sakomisiodan, momsaxurebisa da sxva xarjebs. sasesxo valdebulebebi, romlebic savaraudod Camoiwereba da sxva sakredito Tanxebi gadavadebulia (yvela mzard xarjebTan erTad) da aRiarebulia rogorc sesxis efeqturi saprocento ganakveTis koreqtireba.

- Semosavali saoperacio momsaxurebidan miRebuli gasamrjelodan Tanxebi miRebuli mesame mxareTa operaciebTan dakavSirebuli molaparakebebidan – rogorebicaa aqciebis Tu sxva fasiani qaRaldebis SeZena Tu sawarmos Sesyidva an gayidva – aRricxulia garigebis dasrulebisas. garigebebTan dakavSirebuli gasamrjelo, an gasamrjelos komponentebi, aRiarebulia Sesabamisi pirobebis Sesrulebis Semdgom. Semosavali dividendebidan Semosavlis aRiareba xdeba jgufis mier Tanxis miRebis uflebis warmoSobisas. sazRvevo premiis Semosavali dazRvevis saqmianobisTvis, sicocxlis dazRvevis garda, premiebis aRiareba xdeba polisis amoqmedebidan, xolo gamomuSaveba proporciulad, Sesabamisi sadazRvevo periodis ganmavlobaSi. sabalanso angariSgebaSi Setanili savaraudo premiebis Tanxebi, romelTa miRebac jer ar momxdara, Sefasebulia warsul gamocdilebaze dayrdnobiT da CarTulia gamomuSavebul premiebSi. sadazRvevo moTxovnebi saerTo sadazRvevo moTxovnebi moicavs wlis ganmavlobaSi warmoqmnil moTxovnebTan dakavSirebul yvela danakargs, iqneba is gancxadebuli Tu ara, maT Soris satransporto xarjs da narCeni Rirebulebis Semcirebas da sxva anazRaurebes, aseve wina wlebidan dasafari moTxovnebis nebismier koreqtirebas. funqcionaluri da saangariSgebo valutebi da ucxouri valutis konvertacia konsolidirebuli finansuri angariSgeba warmodgenilia larSi, rac jgufis saangariSgebo valutas warmoadgens. 2007 wlis 1 ianvridan, bankis funqcionaluri valutaa aSS. dolari. 2007 wlis 1 ianvramde, lari warmoadgenda funqcionalur valutas. jgufis



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3. saaRricxvo politikis mimoxilva (gagrZeleba) funqcionaluri da saangariSgebo valutebi da ucxouri valutis konvertacia (gagrZeleba) yvela sawarmo ganazRvravs sakuTar funqcionalur valutas, Sesabamisad, finansur angariSgebaSi warmodgenili Tanxebi izomeba aRniSnul valutaSi. ucxour valutaSi ganxorcielebuli operaciebi aRiricxeba funqcionalur valutaSi, romlis konvertacia xdeba operaciis dRes arsebuli kursiT. ucxour valutaSi arsebuli fuladi aqtivebisa da valdebulebebis konvertacia larSi xdeba seb-is gacvliTi kursiT balansis Sedgenis dRes. ucxour valutaSi ganxorcielebuli operaciebis konvertaciiT gamowveuli mogeba-zarali aRiarebulia mogeba-zaralis angariSgebaSi rogorc ucxouri valutis konvertaciiT gamowveul mogebas gamoklebuli zarali – sakurso sxvaoba. arafuladi saSualebebis konvertacia, romlebic izomeba ucxour valutaSi istoriuli Rirebulebis dadgenis mizniT, xdeba gacvliTi kursiT, romelic arsebobs Tavdapirveli operaciis dRes. arafuladi saSualebebi, romlebic izomeba ucxour valutaSi samarTliani RirebulebiT, konvertirdeba im dRis gacvliTi kursiT, roca moxda samarTliani Rirebulebis dadgena. sxvaobebi ucxour valutaSi ganxorcielebuli operaciis sakontraqto gacvliT kursaa da seb-is gacvliT kurss Soris operaciis dRes, CarTulia ucxour valutaSi ganxorcielebuli operaciebidan mogebas gamoklebuli zaralis muxlSi. 2008 da 2007 wlebis 31 dekembris mdgomareobiT, seb-is oficialuri gacvliTi kursi Sesabamisad iyo 1.667 da 1.5916 lari 1 aSS. dolarTan mimarTebaSi da 2.3648 da 2.3315 lari 1 evrosTan mimarTebaSi. angariSgebis dRes, im sawarmoTa aqtivebi da valdebulebebi, romelTa funqcionaluri valuta gansxvavdeba jgufis saangariSgebo valutisgan, konvertirdeba qarTul larSi, sabalanso angariSgebis dRisaTvis arsebuli oficialuri gacvliTi kursiT da maTi mogeba-zaralis angariSgeba gadayvanilia wlis saSualo Sewonili kursiT. konvertaciidan gamomdinare sakurso sxvaobebi pirdapir asaxulia kapitalis calkeul komponentad. im Svilobili kompaniis Tu mokavSire sawarmos gadacemisas, romlis funqcionaluri valuta gansxvavdeba jgufis saangariSgebo valutisgan, kapitalSi aRiarebuli gadavadebuli mTliani Tanxa, am konkretul sawarmosTan miamrTebaSi aRiarebulia konsolidirebul mogeba-zaralis angariSgebaSi. ucxouri operaciis SeZenidan warmoSobili nebismieri gudvili da SeZenisas aqtivebisa da valdebulebebis sabalanso Rirebulebis samarTliani RirebulebiT nebismieri koreqtireba moiazreba ucxouri operaciebis aqtivebad da valdebulebebad da gadayvanilia saboloo kursiT. standartebi da interpretaciebi, romlebic gamoSvebulia, magram jer ZalaSi ar Sesula konsolidirebuli finansuri angariSebis damtkicebis TariRamde, gamoqveynda garkveuli axali standartebi, interpretaciebi da cvlilebebi arsebul standartebSi, romlebic jer ZalaSi ar Sesula mimdinare angariSgebis periodSi da jgufs adre ar miuRia: fass-s gaumjobesebebi 2008 wlis maisSi, basss-m wliuri gaumjobesebis proeqtidan gamomdinare gamosca fass-s cvlilebebi. aRniSnuli moicavs buRaltruli aRricxvis cvlilebebs wardgenasTan, aRiarebasa da SefasebasTan mimarTebaSi. aRniSnuli aseve moicavs terminologiisa da saredaqcio cvlilebebs rig fass standartebTan mimarTebaSi. cvlilebebis umetesoba ZalaSia 2009 wlis 1 ianvars dawyebuli wliuri periodebisaTvis, Tumca, nebadarTulia ufro adreuli miRebac. jgufi amJamad afasebs, Tu potenciurad ra gavlena eqneba cvlilebebis miRebas mis finansur angariSgebaze.



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3. saaRricxvo politikis mimoxilva (gagrZeleba) standartebi da interpretaciebi, romlebic gamoSvebulia, magram jer ZalaSi ar Sesula (gagrZeleba) bass 1 “finansuri angariSgebis wardgena” (koreqtirebuli) koreqtirebuli bass 1 gamocemul iqna 2007 wlis seqtemberSi da ZalaSi Sedis 2009 wlis 1 ianvars da mis Semdgom dawyebuli wliuri periodebisaTvis. aRniSnuli koreqtirebuli standarti gancalkevebiT warmoadgens mflobelTa da aramflobelTa cvlilebebs kapitalSi. kapitalSi cvlilebebis angariSgeba moicavs informacias mxolod mflobelTa operaciebis Sesaxeb. aramflobelTa cvlilebebi kapitalSi warmodgenilia calkeuli striqonis saxiT. amave dros, standarti warmoadgens ufro vrcel mogeba-zaralis angariSgebas: gawerilia aRiarebuli Semosavlis da xarjis yvela muxli, erTad an gancalkevebiT. jgufi jer kidev afasebs aRniSnuli koreqtirebis miRebis potenciur gavlenas mis konsolidirebul finansur angariSgebaze. bass 23 “sesxiT sargeblobasTan dakavSirebuli xarjebi” (koreqtirebuli) koreqtirebuli bass 23 – “sesxiT sargeblobasTan dakavSirebuli xarjebi”, gamocemul iqna 2007 wlis martis TveSi da ZalaSi Sedis 2009 wlis 1 ianvars an mis Semdgom dawyebuli fiskaluri periodebisaTvis. standartis koreqtireba moxda sesxiT sargeblobasTan dakavSirebuli xarjebis kapitalizaciis moTxovnis mizniT, rodesac amgvari xarjebi dakavSirebulia gansakuTrebul aqtivTan. gansakuTrebuli aqtivi iseTi aqtivia, romlis daniSnulebisamebr gamosayeneblad an gasayidad momzadebisaTvis saWiroa drois mniSvnelovani periodi. standartis gardamavali moTxovnebis Sesabamisad, jgufi aRniSnul standarts miiRebs samomavlo cvlilebis saxiT. Sesabamisad, sesxiT sargeblobasTan dakavSirebuli xarjebi kapitalizirdeba gansakuTrebul aqtivebze 2009 wlis 1 ianvris Semdgomi TariRiT. aRniSnul TariRamde warmoSobil, sesxiT sargeblobasTan dakavSirebul xarjebSi cvlilebebi ar Seva. bass 32-is “finansuri instrumentebi: wardgena” da bass 1-is “finansuri angariSgebis wardgena” cvlilebebi – winswari dafarvis pirobiT gamoSvebuli finansuri instrumentebi da likvidaciisas warmoSobili valdebulebebi. aRniSnuli cvlilebebi gamocemul iqna 2008 wlis TebervalSi da ZalaSi Sedis 2009 wlis 1 ianvars an mis Semdgom dawyebuli wliuri periodebisaTvis. cvlilebebi moiTxovs, rom SeTavazebuli instrumenti klasificirebul iqnas kapitalad, Tu is akmayofilebs rig pirobebs. aRniSnuli cvlilebebi ar iqoniebs gavlenas jgufze. cvlilebebis Sedegad, winaswari dafarvis pirobiT gamoSvebuli finansuri instrumentebi, romleliTac am finansuri instrumentis mflobelebi SeiZleba monawileobdnen sawarmoSi, klasificirdebian kapitalad, im SemTxvevSi Tu akmayofileben garkveul pirobebs. am cvlilebebs ar aqvT gavlena jgufze bass 39-is “ finansuri instrumentebi: aRiareba da Sefaseba cvlilebebi“ - hejirebuli saSualebebi. bass 39-is cvlileba gamocemul iqna 2008 wlis agvistoSi da ZalaSi Sedis 2009 wlis 1 ivliss an mis Semdgom dawyebuli fiskaluri periodebisaTvis. cvlileba aRwers hejirebul saSualebebSi calmxrivi riskis maxasiaTeblebs da inflaciis hejirebul riskad an riskis nawilad warmodgenas garkveul situaciebSi. cvlilebis mixedviT, sawarmos SeuZlia finansuri instrumentis samarTliani Rirebulebis cvlilebis an aramdgradi fuladi nakadebis nawili aRiaros hejirebul elementad. xelmZRvaneloba ar elis, rom bass 39-is cvlileba gavlenas iqoniebs jgufis finansur angariSgebaze, radgan jgufi ar aris CarTuli amgvar hejirebis operaciebSi.



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3. saaRricxvo politikis mimoxilva (gagrZeleba) standartebi da interpretaciebi, romlebic gamoSvebulia, magram jer ZalaSi ar Sesula (gagrZeleba) fass–is “finansuri angariSgebis saerTaSoriso standartebis pirveladi gamoyeneba” da bass 27-is “konsolidirebuli da individualuri finansuri angariSgeba” cvlilebebi – Svilobil kompaniaSi, erToblivad kontrolirebad sawarmosa Tu mokavSire sawarmoSi investiciis Rirebuleba aRniSnuli cvlilebebi gamocemul iqna 2008 wlis maisSi da ZalaSi Sedis 2009 wlis 1 ianvars an mis Semdgom dawyebuli wliuri priodebisaTvis. samomavlod adgili eqnebs bass 27-is gadaxedvas. fass 1-is cvlilebebi sawarmos saSualebas aZlevs gansazRvros Svilobil kompaniaSi, erToblivad kontrolirebad sawarmosa Tu mokavSire sawarmoSi investiciis Rirebuleba mis sawyis fass-s Sesabamis finansur angariSgebaSi, bass 27-is Sesabamisad an savaraudo Rirebulebis gamoyenebiT. bass 27-is cvlileba moiTxovs Svilobili kompaniis, erToblivad kontrolirebadi sawarmosa Tu mokavSire sawarmos yvela dividendis aRiarebas individualuri finansuri angariSgebis mogeba-zaralis angariSgebaSi, axali moTxovnebi exeba mxolod mSobeli kompaniis individualur finansur angariSgebas da ar aqvs gavlena konsolidirebul finansur angariSgebaze. fass 2-is – “wilobrivi gadaxda” cvlilebebi – ZalaSi yofnis pirobebi da gauqmeba fass 2-is cvlilebebi gamocemul iqna 2008 wlis ianvarSi da ZalaSi Sedis 2009 wlis 1 ianvars an mis Semdgom dawyebuli wliuri periodebisaTvis. aRniSnuli cvlileba gawers ZalaSi yofnis pirobebs da anazRaurebis gauqmebis SemTxvevebs ZalaSi yofnis pirobebis daukmayofileblobisas. aRniSnul cvlilebas ar eqneba gavlena jgufis finansur mdgomareobasa Tu saqmianobaze. fass 3 “sawarmoTa gaerTianeba” (koreqtirebuli 2008 wlis ianvarSi) da bass 27 “konsolidirebuli da individualuri finansuri angariSgeba” (koreqtirebuli 2008 wlis ianvarSi) koreqtirebuli standartebi gamocemul iqna 2008 wlis ianvarSi da ZalaSi Sedis 2009 wlis 1 ianvars an mis Semdgom dawyebuli wliuri periodebisaTvis. koreqtirebuli fass 3 warmoadgens sawarmoTa gaerTianebasTan dakavSirebul rig cvlilebebs, romelTac gavlena eqnebaT aRiarebuli gudvilis Tanxaze, SeZenis periodisaTvis gancxadebul da samomavlo Sedegebze. bass 27 moiTxovs, rom sawarmos mflobelTa wilis cvlileba gaTvaliswinebul iqnas kapitalis operaciaSi. Sesabamisad, amgvari cvlileba ar iqoniebs gavlenas gudvilze, ar warmoSobs mogebasa Tu zarals. koreqtirebul standarts gavlena aqvs sawarmos warmoSobil zaralze, aseve sawarmos kontrolze. standartSi warmodgenili cvlilebebi samomavlod miRebul unda iqnas da gavlenas iqoniebs mxolod samomavlo SeZenasa da operaciebze umciresobis wiliT. fass 8 “saoperacio segmentebi” fass 8 ZalaSi Sedis 2009 wlis 1 ianvars an mis Semdgom dawyebuli wliuri periodebisaTvis. standarti moiTxovs jgufis saoperacio segmentebis Sesaxeb informaciis gancxadebas da cvlis jgufis pirveladi (saqmianobis) da meoradi (geografiuli) saangariSgebo segmentis gansazRvris moTxovnas. aRniSnuli standartis miReba ar iqoniebs gavlenas jgufis finansur mdgomareobaze Tu saqmianobaze. jgufma miiCnia, rom saoperacio segmentebi iqneba uwin bass 14-is “angariSgebis wardgena segmentebis mixedviT” Sesabamisad identificirebuli biznes segmentebis analogiuri.



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3. saaRricxvo politikis mimoxilva (gagrZeleba) standartebi da interpretaciebi, romlebic gamoSvebulia, magram jer ZalaSi ar Sesula (gagrZeleba) faisk 13 “momxmarebelTa loialobis programebi” faisk interpretacia 13 gamoqveynda 2007 wlis ivnisSi da ZalaSia 2008 wlis 1 ianvars da mis Semdgom dawyebuli fiskaluri periodebisaTvis. aRniSnuli interpretacia moiTxovs momxmareblis loialobas sakredito garigebebTan mimarTebaSi, rac im savaWro garigebis calkeul komponentad unda gamocxaddes, romliTac krediti aris miniWebuli. Sesabamisad, miRebuli safasuris samarTliani Rirebulebis nawili aRricxulia gacemul kreditebSi da gadavadebulia im periodze, rodesac krediti amoiwureba. am interpretaciam gavlena ar iqonia jgufis finansur angariSgebaze, radgan amgvari sqemebi amJamad ar arsebobs. faisk 15 “uZravi qonebis mSeneblobasTan dakavSirebuli xelSekrulebebi” faisk interpretacia 15 gamoqveynda 2008 wlis ivlisSi da ZalaSia 2009 wlis 1 ianvars an mis Semdgom dawyebuli wliuri periodebisaTvis. faisk 15 gawers, Tu rodis da rogor unda iqnas aRiarebuli uZravi qonebis gayidvidan miRebuli Semosavali da dakavSirebuli xarjebi, Tu developersa da myidvels Soris xelSekruleba gaformebulia mSeneblobis dasrulebamde. interpretacia aseve ganmartavs xelSekrulebis misadagebis princips bass 11-Tan - “samSeneblo kontraqtebi” an bass 18-Tan – “amonagebi” da cvlis uZrav qonebasTan dakavSirebul instruqcias bass 18-is danarTSi. jgufi ar elis, rom instruqcia gavlenas iqoniebs jgufis finansur angariSgebaze. faisk 16 ùcxour operaciaSi wminda investiciis hejebi~ faisk interpretacia 16 gamocemuli iqna 2008 wlis ivlisSi da moicavs 2008 wlis 1 oqtombridan an mis Semdgom dawyebul wliur periodebs. aRniSnuli interpretacia iZleva miTiTebebs im ucxouri valutis riskebis Sesaxeb, romlebic akamyofileben hejirebis aRricxvis pirobebs, wminda investiciebSi hejirebis aRricxvis dros, aseve miTiTebebs imis Sesaxeb Tu ramdenad SesaZlebelia sawarmos mier hejirebuli investiciis floba da rogor unda gansazRvros sawarmomom ucxouri valutis mogebis an zaralis is wili romelic dakavSirebulia rogorc wminda investiciasTan, iseve hejirebis instrumentTan da romlis mogeba-zaralis uwyisSi aRiareba xdeba wminda investiciis gasxvisebisas. jgufis varaudiT, es interpretacia gavlenas ar iqoniebs jgufis finansur angariSgebaze. faisk 17 ara-fuladi aqtivebis ganawileba mflobelebze~ faisk interpretacia 17 gamocemuli iqna 2008 wlis 27 noembers da ZalaSia 2009 wlis 1 ivliss an mis Semdgom dawyebuli wliuri periodebisaTvis. IFRIC 17 exeba ara-fuladi aqtivebis proporciul ganawilebas, garda saerTo kontrolis mqone tranzaqciebisa da moiTxovs, rom gadasaxdeli dividendi aRiarebul iqnas maSin, rodesac dividendi saTanadod iqneba nebadrTuli da aRar iqneba kompaniis gankargulebaSi; kompaniam gadasaxdeli dividendi unda Seafasos wminda gasanawilebeli aqtivebis samarTliani RirebulebiT; kompaniam unda asaxos sxvaoba gadaxdil dividendsa da mogebaSi an zaralSi ganawilebuli wminda aqtivebis sabalanso Rirebulebas Soris. interpretacia aseve moiTxovs, rom kompaniam uzrunvelyos damatebiTi monacemebi, Tu wminda aqtivebi, romlebic gankuTvnilia mflobelebisaTvis gasanawileblad, Seesabameba Sewyvetili operaciis ganmartebas. jgufis varaudiT es interpretacia gavlenas ar iqoniebs jgufis finansur angariSgebaze.



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3. saaRricxvo politikis mimoxilva (gagrZeleba) standartebi da interpretaciebi, romlebic gamoSvebulia, magram jer ZalaSi ar Sesula (gagrZeleba) faisk 18 momxmareblebisgan miRebuli aqtivebis gadacema faisk interpretacia 18 gamoicemul iqna 2009 wlis ianvarSi da ZalaSi Sedis 2009 wlis 1 ivlisidan an mis Semdgom dawyebuli wliuri periodebisaTvis. nebadarTulia naadrevi amoqmedebac, im pirobiT, Tu Sefasebebi miRebul iqneba aRniSnuli gadacemis momentisaTvis. interpretacia gamoyenebul unda iqnas samomavlod. faisk 18 warmoadgens instruqcias im xelSekrulebebTan dakavSirebiT, romelTa miznebisTvisac, sawarmo momxmareblisgan iRebs ZiriTad saSualebebs, romelTac Semdgom gamoiyenebs momxmareblis qselTan dasakavSireblad an momxmareblisaTvis ZiriTad saSualebebTan uwyveti xelmisawvdomobis uzrunvelsayofad. interpretacia aRwers, Tu rodis asrulebs aqtivi mis gansazRvrebas, aqtivis aRiarebis da Tavdapirveli aRiarebisas Sefasebis SemTxvevebs, individualurad identificirebadi momsaxurebis identificirebis SemTxvevebs, Semosavlis aRiarebis da misi aRricxvis SemTxvevebs momxmarebelTagan miRebuli fuladi saxsrebis transferisaTvis. jgufi ar elis, rom aRniSnul interpretacias gavlena eqneba jgufis finansur angariSgebaze. fass 7-is cvlileba `finansuri instrumentebis gaumjobesebuli ganmartebiTi SeniSvnebi~ fass 7-is cvlileba `finansuri instrumentebis gaumjobesebuli ganmartebiTi SeniSvnebi~ gamocemul iqna 2009 wlis martis TveSi da ZalaSi Sedis 2009 wlis 1 ianvris Semdgom dawyebuli wliuri periodebisaTvis. nebadarTulia naadrevi amoqmedebac. aRniSnuli cvlilebebi warmoadgens samarTliani Rirebulebis sam etapad gaSlas, gamoyenebuli saSualebebis mniSvnelobis Sesabamisad. amavdroulad, cvlileba zrdis ganmartebiTi SeniSvnebis moTxovnas finansuri instrumentebidan gamomdinare sawarmos likvidobis riskis bunebasTan da moculobasTan mimarTebaSi. jgufi ar elis, rom aRniSnul interpretacias gavlena eqneba jgufis finansur angariSgebaze. 4. mniSvnelovani buRaltruli daSvebebi Sefasebis ganusazRvreloba konsolidirebuli finansuri angariSgebis momzadebisas, jgufs moeTxoveba Sefasebebi da daSvebebi, romelTac gavlena aqvT gancxadebul Tanxebze. aRniSnuli daSvebebi efuZneba konsolidirebuli finansuri angariSgebis momzadebisas arsebul informacias. Sesabamisad, saboloo Sedegebi SesaZloa gansxvavdebodes aRniSnuli daSvebebisgan. yvelaze mniSvnelovani Sefasebebi da daSvebebi Semdegia: sesxebis, moTxovnebis, da finansuri ijaridan moTxovnebis gaufasurebis rezervi jgufis mier regularulad xdeba sesxebisa da moTxovnebis, aseve finansuri ijaridan moTxovnebis gadaxedva gaufasurebasTan mimarTebaSi. jgufi iyenebs sakuTar gamocdilebaze dafuZnebul Sefasebebs nebismieri gaufasurebis zaralis gansazRvris mizniT im SemTxvevebSi, rodesac msesxebels gaaCnia finansuri sirTuleebi da moipoveba istoriuli monacemebi analogiur msesxeblebTan mimarTebaSi. Sesabamisad, jgufi elis samomavlo fuladi nakadebis cvlilebas, radgan arsebobs monacemebi, romelTa mixedviTac SesaZloa adgilobrivi ekonomikuri mdgomareobisa da dafarvebis statusis gauareseba. xelmZRvaneloba iyenebs Sefasebebs istoriuli zaralis gamocdilebaze da sakredito riskis maxasiaTeblebze dayrdnobiT da obieqtur safuZvels analogiuri sesxebisa da moTxovnebis an maTi jgufis gaufasurebasTan mimarTebaSi. jgufi eyrdnoba sakuTar Sefasebebs sesxebisa Tu moTxovnebis, aseve finansuri ijaridan moTxovnebis saTanado monacemebis koreqtirebisaTvis mimdinare movlenebis aRricxvis mizniT.



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4. mniSvnelovani buRaltruli daSvebebi (gagrZeleba) Sefasebis ganusazRvreloba (gagrZeleba) pirobiTi valdebulebebi Cveulebrivi saqmianobisas, jgufs warmoeSoba SesaZlo pirobiTi valdebulebebis zarali. jgufi iTvaliswinebs zaralis an valdebulebis warmoSobis SesaZleblobas, iseve rogorc mis SesaZleblobas, gonivrulad gansazRvros zaralis Tanxa pirobiTi valdebulebebis zaralis gansazRvrisas. savaraudo pirobiTi valdebulebebis zarali warmoiSoba, rodesac cnobilia valdebulebis warmoSobis Taobaze da SesaZlebelia zaralis Tanxis sarwmunod gansazRvra. jgufi regularulad afasebs misTvis xelmisawvdom mimdinare informacias, aRniSnuli daricxvis saWiroebis gansazRvris mizniT. 2008 wlis 31 dekembris mdgomareobiT, jgufis mier ar momxdara pirobiTi valdebulebebi aRricxva. gudvilis gaufasureba jgufi axdens gudvilis gaufasurebis Sefasebas sul mcire yovelwliurad. aRniSnuli moiTxovs im fuladi nakadebis momtani biznes erTeulis gamoyenebiTi Rirebulebis gansazRvras, romelsac ganekuTvneba gudvili. gamoyenebiTi Rirebulebis gansazRvra jgufisgan moiTxovs fuladi nakadebis momtani biznes erTeulidan samomavlo mosalodneli fuladi nakadebis Sefasebas da agreTve saTanado fasdaklebis ganakveTis dadgenas aRniSnuli fuladi nakadebis mimdinare Rirebulebis gansazRvris mizniT. grZelvadiani aqtivebis gaufasureba grZelvadiani aqtivebi ZiriTadad Sedgeba uZravi qonebis investirebisgan, investiciebisgan mokavSire sawarmoebSi, gudvilisa da aramaterialuri aqtivebisgan. grZelvadiani aqtivebis gaufasurebas jgufi afasebs yovelwliurad, an maSin, rodesac xelmZRvanelobis azriT, movlenebi da garemoebaTa cvlilebebi miuTiTebs, rom SesaZloa sabalanso Rirebulebis aRdgena veRar moxerxdes. investiciebis gaufasureba jgufi flobs investiciebs ramdenime kompaniaSi, maTi CaTvliT, romelTa kotirebac ar xdeba aqtiur bazarze. sabazro pirobebis samomavlo uaryofiTma cvlilebebma, an saqmianobis uaryofiTma Sedegebma SesaZloa gamoiwvios zarali, romelic SesaZlebelia ar iqnas asaxuli investiciis mimdinare sabalanso RirebulebaSi, Sesabamisad, momavalSi saWiro gaxdes gaufasurebis daricxva. jgufi regularulad axdens investiciebis gadaxedvas gaufasurebis indikaciis gamovlenis mizniT. aRniSnuli mimoxilva moiTxovs samomavlo movlenebis Sedegebis gansazRvras da im faqtorebis gamovlenas, romlebic miuTiTebs gaufasurebaze. 5. biznesis gaerTianeba ss `belaruski narodni banki~ 2008 wlis 1 ivliss, bankma SeiZina ss `belaruski narodni bankis~ 70%, es aris belorusiaSi moqmedi sabanko dawesebuleba. ss `belaruski narodni bankis~ gansazRvradi aqtivebis, valdebulebebis da pirobiTi valdebulebebi samarTliani Rirebulebebi SeZenis TariRisaTvis Sefasda Semdegi saxiT:



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5. biznesis gaerTianeba (gagrZeleba) ss `belaruski narodni banki” (gagrZeleba)

SeZenisas aRiarebuli samarTliani Rirebuleba

sabalanso Rirebuleba

fuli da fulis ekvivalentebi 8,908 8,908 moTxovnebi sakredito dawesebulebebis mimarT 1,022 1,022 klientebze gacemuli sesxebi 36,234 36,234 gadavadebuli sagadasaxado aqtivebi 297 297 ZiriTadi saSualebebi 17,445 17,445 sxva aqtivebi 520 520 64,426 64,426 valdebulebebi sakredito dawesebulebebis winaSe 9,501 9,501 valdebulebebi meanabreTa winaSe 18,231 18,231 sxva valdebulebebi 513 513 28,245 28,245 wminda aqtivebis samarTliani Rirebuleba 36,181 36,181 wili wminda SeZenili aqtivebis samarTlian RirebulebaSi (70%) 25,327 aRiarebuli ZiriTadi sadepozito aramaterialuri aqtivebi 843 Sesyidvisas warmoqmnili `gudvili~ 23,394 gadaxdili safasuri 49,564

wminda fuladi saxsrebis gadineba SeZenisas iyo:

2008 gadaxdili fuladi saxsrebi 49,564 Svilobil kompaniasTan erTad SeZenili fuladi saxsrebi (8,908) wminda fuladi saxsrebis gadineba 40,656

Tu gaerTianeba ganxorcieldeboda wlis dasawyisSi, jgufis wminda Semosavali iqneboda 1,887 lari, xolo mTliani Semosavali - 367,820 lari. upirvelesi faqtori, ramac gavlena iqonia biznesis gaerTianebis Rirebulebaze da gamoiwvia gudvilis aRiareba, iyo jgufis operaciebSi Setanili dadebiTi sinergia. ss `quTaisis wminda nikolozis saxelobis qirurgiuli klinika~ 2008 wlis 31 maiss, ss `sadazRvevo kompania aldagi bi-si-ai~-m, bankis srulad flobilma Svilobilma kompaniam, SeiZina ss `quTaisis wminda nikolozis saxelobis qirurgiuli klinikis~ 55%. gansazRvradi aqtivebis, valdebulebebis da pirobiTi valdebulebebis samarTliani Rirebuleba SeZenis TariRisaTvis Sefasda Semdegi saxiT:



fuli da fulis ekvivalentebi 7 7 ZiriTadi saSualebebi 2,802 2,802 sxva aqtivebi 223 223



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3,032 3,032 valdebulebebi sakredito dawesebulebebis winaSe 457 457 sxva valdebulebebi 791 791 1,248 1,248 wminda aqtivebis samarTliani Rirebuleba 1,784 1,784 wili wminda SeZenili aqtivebis samarTlian RirebulebaSi (55%) 981 Sesyidvisas warmoSobili gudvili 288 gadaxdili safasuri 1,269


2008 gadaxdili fuladi saxsrebi 1,091 Svilobil kompaniasTan erTad SeZenili fuladi saxsrebi (7) wminda fuladi saxsrebis gadineba 1,084

Tu gaerTianeba ganxorcieldeboda wlis dasawyisSi, jgufis wminda Semosavalsa da mogebaSi ar iqneboda mniSvnelovani sxvaoba. upirvelesi faqtori, ramac gavlena iqonia gaerTianebis Rirebulebaze da gamoiwvia gudvilis aRiareba, iyo jgufis operaciebSi Setanili dadebiTi sinergia. SeZena 2007 wlis ganmavlobaSi ss `galt end Tagart banki~ 2007 wlis 30 maiss, jgufma SeiZina ss `galt end Tagart banki~-s 100% (yofili ss `kaskad banki~), romelic saqarTveloSi moqmedi sabanko dawesebulebaa. ss `kaskad banki~-s gansazRvradi aqtivebis, valdebulebebisa da pirobiTi valdebulebebis samarTliani Rirebuleba SeZenis TariRisaTvis iyo Semdegi:



fuli da fulis ekvivalentebi 2,557 2,557 moTxovnebi sakredito dawesebulebebis mimarT 256 256 gasayidad arsebuli sainvesticio fasiani qaRaldebi 6,565 6,565 investiciebi mokavSire sawarmoebSi 64 64 klientebze gacemuli sesxebi 1,786 1,786 ZiriTadi saSualebebi 121 121 aramaterialuri aqtivebi 41 41 winaswari gadaxdebi da daricxuli procenti 1,458 1,458 gadavadebuli sagadasaxado aqtivebi 524 524 13,372 13,372 valdebulebebi sakredito dawesebulebebis winaSe 9 9 valdebulebebi meanabreTa winaSe 2,085 2,085 sxva valdebulebebi 1,039 1,035 3,133 3,129 wminda aqtivebis samarTliani Rirebuleba 10,239 10,243 SeZenisas warmoSobili gudvili 599 gadaxdili safasuri 10,838



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5. biznesis gaerTianeba (gagrZeleba) SeZena 2007 wlis ganmavlobaSi (gagrZeleba) ss `galt end Tagart banki~ (gagrZeleba) wminda fuladi saxsrebis gadineba SeZenisas iyo:


Tu gaerTianeba ganxorcieldeboda wlis dasawyisSi, jgufis wminda Semosavali iqneboda 75,768 lari, xolo mTliani Semosavali - 363,823 lari. upirvelesi faqtori, ramac gavlena iqonia biznesis gaerTianebis Rirebulebaze da gamoiwvia gudvilis aRiareba, iyo jgufis operaciebSi Setanili dadebiTi sinergia. ss `ganviTarebisa da TanamSromlobis universaluri banki~ 2007 wlis 1 ianvars jgufma SeiZina ss `ganviTarebisa da TanamSromlobis universaluri bankis~ 9.92%, aRniSnuli sabanko dawesebuleba mdebareobs ukrainaSi. 2007 wlis 1 oqtombers jgufma SeiZina ss `ganviTarebisa da TanamSromlobis universaluri bankis~ 98.76%-mde. ss `ganviTarebisa da TanamSromlobis universaluri bankis~ gansazRvradi aqtivebis, valdebulebebisa da pirobiTi valdebulebebis samarTliani Rirebuleba 2007 wlis 1 ianvrisaTvis da 2007 wlis 1 oqtombrisaTvis iyo Semdegi:

2007 wlis 1 ianvari 2007 wlis 1 oqtomberi SeZenisas

aRiarebuli samarTliani Rirebuleba




fuli da fulis ekvivalentebi 53,090 53,090 134,584 134,584 moTxovnebi sakredito dawesebulebebis mimarT 61 61 5,649 5,649 klientebze gacemuli sesxebi 215,062 215,062 198,201 198,201 gasayidad arsebuli sainvesticio fasiani qaRaldebi 8,356 8,356 18,013 18,013 ZiriTadi saSualebebi 4,872 4,872 7,399 7,399 aramaterialuri aqtivebi 618 618 700 700 sxva aqtivebi 258 258 503 503 282,317 282,317 365,049 365,049 valdebulebebi sakredito dawesebulebebis winaSe 22,073 22,073 21,288 21,288 valdebulebebi meanabreTa winaSe 188,774 188,774 252,341 252,341 gamoSvebuli sasesxo fasiani qaRaldebi 7,463 7,463 12,965 12,965 gadavadebuli saSemosavlo gadasaxadis valdebulebebi 4,299 4,299 6,664 6,664 sxva valdebulebebi 446 446 2,581 2,581 223,055 223,055 295,839 295,839 wminda aqtivebis samarTliani Rirebuleba 59,262 59,262 69,210 69,210 wminda SeZenili aqtivebis wili 9.922% 88.844% wminda SeZenili aqtivebis samarTliani Rirebuleba 5,880

61,489



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36

5. biznesis gaerTianeba (gagrZeleba) SeZena 2007 wlis ganmavlobaSi (gagrZeleba) ss `ganviTarebisa da TanamSromlobis universaluri banki~ (gagrZeleba)

wminda SeZenili aqtivebis mTliani samarTliani Rirebuleba 67,369 aRiarebuli ZiriTadi sadepozito aramaterialuri aqtivi 1,688 SeZenisas warmoSobili gudvili 68,016 gadaxdili safasuri 137,073



Tu kombinacia ganxorcieldeboda wlis dasawyisSi, jgufis wminda Semosavali iqneboda 80,344 lari, xolo mTliani Semosavali - 414,832 lari. upirvelesi faqtori, ramac gavlena iqonia biznesis gaerTianebis Rirebulebaze da gamoiwvia gudvilis aRiareba, iyo jgufis operaciebSi Setanili dadebiTi sinergia. Sps `nova teqnologi~ 2007 wlis 23 noembers, jgufma SeiZina Sps `nova teqnologi”-s, romelic warmoadgens saqarTveloSi moqmedi eleqtronuli gadaxdebis momsaxurebis provaiders, 51%. kompaniis gansazRvradi aqtivebis samarTliani Rirebuleba SeZenis TariRisTvis pirobiTad Sefasda 2,771 larad, xolo valdebulebebisa ki - 691 larad. pirobiTi gudvili SeZenisas Seadgenda 411 lars, xolo wminda fuladi saxsrebis gadineba SeZenidan ki - 1,486 lars. 6. informacia segmentebis Sesaxeb upirvelesi segmenti gansazRvrulia rgorc biznes segmenti, radgan jgufis riskebsa da brunvis ganakveTebze ZiriTad zemoqmedebas axdens sxvaobebi produqtebsa da momsaxurebaSi. meore segmentis Sesaxeb informacia wardgenilia geografiulad. saoperacio saqmianoba organizebulia da imarTeba individualurad, SeTavazebuli produqciisa da gaweuli momsaxurebis bunebidan gamomdinare, rodesac TiToeuli segmenti warmoadgens strategiul biznes erTeuls, romelic gvTavazobs gansxvavebul produqcias da emsaxureba sxva bazrebs. marTvis miznebisaTvis, jgufi organizebulia Svid biznes segmentad: sacalo sabanko momsaxureba ZiriTadad individualuri momxmareblebis depozitebis

marTva, da samomxmareblo sesxebis, overdraftebis, sakredto baraTebis da fuladi saxsrebis gadaricxvis saSualebebis uzrunvelyofa.

korporaciuli sabanko momsaxureba ZiriTadad sesxebi da sxva sakredito saSualebebi, agreTve mimdinare angariSebi korporaciuli da instituciuri momxmareblebisaTvis.

sabrokero saqme ZiriTadad sabrokero, Semnaxveli momsaxurebis da korporaciuli dafinansebis uzrunvelyofa individualuri, iseve rogorc korporaciuli klientebisaTvis. sabrokero momsaxureba aseve gulisxmobs sakuTar sabuRaltro dokumentacias rogorc savaWro, ise ara-savaWro miznebisaTvis, rac



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6. informacia segmentebis Sesaxeb (gagrZeleba)

upirveles yovlisa moicavs savaWro da sainvesticio fasian qaRaldebs.

qonebis marTva ZiriTadad qonebis marTvis momsaxurebis gaweva VIP fizikuri pirebisaTvis.

aqtivebis marTva ZiriTadad aqtivebis marTvis momsaxurebis gaweva VIP korporaciuli klientebisaTvis.

dazRveva ZiriTadad mravalmxrivi sadazRvevo momsaxurebis gaweva korporaciuli da individualuri klientebisaTvis.

korporaciuli centri ZiriTadad beq-ofisis momsaxurebis gaweva bankis yvela biznes segmentisaTvis.

winamdebare konsolidirebul finansur angariSebSi warmodgenis mizniT, garkveuli segmentebis umniSvnelobis gamo, romlebic calke unda iqnas naCvenebi, xelmZRvanelobam gaaerTiana sabrokero saqme, aqtivebis marTvisa da qonebis marTvis biznes segmentebi. Sesabamisad, winamdebare konsolidirebul finansur angariSebSi warmodgenili informacia segmentebis Sesaxeb, klasificirebulia Semdegi saxiT: sacalo sabanko saqme sabrokero saqme, aqtivebisa da qonebis marTva dazRveva korporaciuli centri korporaciuli sabanko saqme korporaciul da sainvesticio sabanko saqmes 2008 wels ewoda korporaciuli sabanko saqme. jgufis geografiuli segmentebi gamomdinareobs jgufis aqtivebis adgilmdebareobidan. gare klientebisgan miRebuli Semosavali, romelic warmodgenilia geografiuli segmentebis saSualebiT, eyrdnoba misi momxmareblebis geografiul adgilmdebareobas. qvemoT mocemuli cxrili asaxavs saoperacio Semosavals da mogebas da aqtivebisa da valdebulebebis Sesaxeb garkveul informacias jgufis biznes segmentebTan dakavSirebiT, 2008 wlis 31 dekembriT dasrulebuli periodisaTvis:

sacalo sabanko saqme

korporaciuli

sabanko saqme

sabrokero saqme da aqtivebisa da qonebis marTva

korporaciuli centri dazRveva

kompaniaTa-Sorisi gaqviTva jami

Semosavali gare saoperacio Semosavali: wminda saprocento Semosavali 155,290 89,724 597 (24,677) (94) – 220,840 wminda gasamrjelo da sakomisio Semosavali 30,317 17,047 5,684 2,259 (5,338) – 49,969 ucxouri valutidan wminda Semosavali 3,918 7,471 3,259 32,486 – – 47,134 sxva gare Semosavlebi 3,862 1,181 (699) 1,993 38,285 _ 44,622 saoperacio mogeba sxva segmentebidan (744) (284) (3,944) _ (466) 5,438 _

sul saoperacio Semosavali 192,643 115,139 4,897 12,061 32,387 5,438 362,565

saprocento Semosavlis mqone aqtivebze gaufasurebis danaricxi 57,343 62,947 1,596 7,907 _ (5,646) 124,147 Sedegebi segmentis Sedegebi 33,003 24,222 (14,971) (30,260) (6,951) 5,647 10,690

gaunawilebeli xarjebi (11,494)



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38

danakargi sagadasaxado sargeblamde (804) saSemosavlo gadasaxadis sargebeli 978

wliuri mogeba 174

aqtivebi da valdebulebebi segmentis aqtivebi 1,401,747 1,538,783 134,974 113,061 51,377 6,179 3,246,121

gaunawilebeli aqtivebi 12,786

sul aqtivebi 3,258,907

segmentis valdebulebebi 965,078 1,275,716 135,977 80,903 57,990 – 2,515,664 gaunawilebeli valdebulebebi 24,394

sul valdebulebebi 2,540,058

sxva informacia segmentebis Sesaxeb kapitaluri danaxarjebi: ZiriTadi saSualebebi 44,403 50,971 9,073 2,601 2,834 – 109,882 aramaterialuri aqtivebi 6,790 5,571 387 241 8 – 12,997 cveTa 9,263 7,583 1,388 271 409 – 18,914 amortizacia 993 450 65 80 30 _ 1,618 winamdebare cxrilSi warmodgenilia saoperacio Semosavali da mogeba da aqtivebisa da valdebulebebis Taobaze garkveuli informacia jgufis biznes segmentebTan dakavSirebiT 2007 wlis 31 dekembriT dasrulebuli periodisaTvis:

sacalo sabanko saqme

korporaciuli

sabanko saqme

sabrokero saqme da

aqtivebisa da qonebis marTva

korporaciuli centri dazRveva

kompaniaTa-Sorisi gaqviTva jami

Semosavali gare saoperacio Semosavali: wminda saprocento Semosavali 71,985 55,783 1,182 190 1,079 – 130,219wminda gasamrjelo da sakomisio Semosavali 21,628 12,057 7,225 (945) 1,783 – 41,748ucxour valutidan wminda Semosavali 1,231 3,799 6,009 15,671 -

– 26,710

sxva gare Semosavlebi 1,264 1,673 23,157 7,754 12,088 – 45,936saoperacio Semosavali sxva segmentebidan – – 15,184 94 4,228

(19,506) –

sul saoperacio Semosavali 96,108 73,312 52,757 22,764 19,178 (19,506) 244,613

saprocento Semosavlis mqone aqtivebze gaufasurebis danaricxi (12,338) (9,696) (332) (274) 4,523 – (18,117) Sedegebi segmentis Sedegebi 35,343 36,819 21,339 (4,209) 6,437 – 95,729

gaunawilebeli xarjebi (6,017)

Semosavali sagadasaxado xarjamde 89,712

saSemosavlo gadasaxadis xarji (14,070)

wliuri Semosavali 75,642

aqtivebi da valdebulebebi segmentis aqtivebi 1,530,339 1,240,984 123,172 31,159 26,400 – 2,952,054

gaunawilebeli aqtivebi 1,557

sul aqtivebi 2,953,611

segmentis valdebulebebi 1,350,734 858,376 101,359 32,953 14,989 – 2,358,411



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39

gaunawilebeli valdebulebebi 37,209

sul valdebulebebi 2,395,620

sxva informacia segmentebis Sesaxeb kapitaluri danaxarjebi: ZiriTadi saSualebebi 40,178 28,262 11,412 1,546 – – 81,398aramaterialuri aqtivebi 43,571 28,443 1,041 712 – – 73,767cveTa 4,464 3,283 747 147 – – 8,641amortizacia 788 364 50 17 – – 1,219 informacia meoradi segmentis Sesaxeb – geografiuli segmenti jgufi funqcionirebs or ZiriTad geografiul bazarze: (a) saqarTvelo da (b) ukraina, belorusia da kviprosi. Semdegi cxrili asaxavs jgufis gare Semosavlis, mTliani aqtivebis da kapitaluri danaxarjebis ganawilebas geografiuli segmentis mixedviT, rac ganawilebulia jgufis aqtivebis adgilmdebareobaze dayrdnobiT, 2008 wlis 31 dekembriT dasrulebuli periodisaTvis:

saqarTvelo 2008

ukraina da kviprosi

2008 belorusia

2008 jami 2008

gare Semosavali wminda saprocento Semosavali 198,027 20,479 2,334 220,840 wminda Semosavali (xarji) gasamrjelodan da sakomisiodan 44,751 6,022

(804) 49,969

wminda Semosavlebi ucxouri valutidan 43,348 2,257

1,529 47,134

sxva arasaprocento Semosavali 43,582 871 169 44,622 sul gare Semosavali 329,708 29,629 3,228 362,565 sul aqtivebi 3,096,938 113,782 48,187 3,258,907 kapitaluri danaxarjebi 113,865 8,158 856 122,879

Semdegi cxrili asaxavs jgufis gare Semosavlis, mTliani aqtivebis da kapitaluri danaxarjebis ganawilebas geografiuli segmentebis mixedviT, rac ganawilebulia jgufis aqtivebis adgilmdebareobaze dayrdnobiT, 2007 wlis 31 dekembriT dasrulebuli periodisaTvis:

saqarTvelo

2007

ukraina da kviprosi

2007 belorusia

2007 jami 2007

gare Semosavali wminda saprocento Semosavali 124,976 5,243

– 130,219

wminda Semosavali (xarji) gasamrjelodan da sakomisiodan 40,088 1,660

–

41,748 wminda Semosavlebi ucxouri valutidan 24,601 2,109

– 26,710

sxva arasaprocento Semosavali 45,532 404

– 45,936

sul gare Semosavali 235,197 9,416 – 244,613 sul aqtivebi 2,591,752 361,859 – 2,953,611 kapitaluri danaxarjebi 73,931 81,234 – 155,165



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7. fuli da fulis ekvivalentebi

2008 2007 naRdi fuli 164,463 93,710 mimdinare angariSebi centralur bankebSi, garda savaldebulo rezervebisa 25,731 35,497 mimdinare angariSebi sxva sakredito dawesebulebebSi 44,080 20,208 90 dRemde vadiani depozitebi sakredito dawesebulebebSi 163,317 256,355

fuli da fulis ekvivalentebi 397,591 405,770 2008 wlis 31 dekembris mdgomareobiT, 222,332 lari (2007: 207,065 lari) Setanil iqna mimdinare da vadiani depozitis angariSebze saerTaSoriso doneze aRiarebul da OECD bankebSi, romlebic jgufis saerTaSoriso garigebebSi monawile SeTanxmebuli mxareebi arian. jgufma gamoimuSava 1.16 %-mde weliwadSi am depozitebze (2007: 2.70%). 8. moTxovnebi sakredito dawesebulebebis mimarT

2008 2007 savaldebulo rezervebi centralur bankebSi 57,891 144,631 90 dReze meti vadis mqone vadiani depozitebi 37,414 5,838 bankTa Soris sasesxo moTxovnebi 4,328 4,091

moTxovnebi sakredito dawesebulebebis mimarT 99,633 154,560 savaldebulo rezervebi centralur bankebSi warmoadgens `seb~-Si (`saqarTvelos erovnuli banki~), ùeb~-Si (ùkrainis erovnuli banki~) da `beb~-Si (`belorusiis erovnuli banki~) depozitis saxiT Setanil Tanxebs, romlebic dakavSirebulia yoveldRiur garigebebTan da sxva RonisZiebebTan. sakredito dawesebulebebs moeTxovebaT saprocento sargeblis mqone fuladi depoziti (savaldebulo rezervi) centralur bankebSi, romlis odenobac damokidebulia sakredito dawesebulebis mier moziduli saxsrebis moculobaze. jgufis ufleba amgvari depozitebis gamotanasTan dakavSirebiT izRudeba kanonmdeblobiT. jgufma savaldebulo rezervebze `seb~-Tan 2008 da 2007 wlebSi gamoimuSava wliur 2%-mde. 2008 wlis 31 dekembris mdgomareobiT, 3,913 lari (2007: 610 lari) ganTavsda mimdinare angariSebze da bankTa Soris depozitebze, saerTaSoriso doneze aRiarebul sam (2006: ori) OECD bankSi. es Tanxebi Seusrulebeli valdebulebebis uzrunvelyofis saxiT Setanil iqna SeTanxmebuli mxaris bankSi. 2008 wlis 31 dekembris mdgomareobiT, bankTa Soris sasesxo moTxovnebi Seicavs 4,328 lars (2007: 3,979 lari), romlebic ganTavsebulia azerbaijanis bankSi. 9. klientebze gacemuli sesxebi

2008 2007 komerciuli sesxebi 1,044,959 936,668 samomxmareblo sesxebi 496,197 331,082 ipoTekuri sesxebi 391,606 236,397 mikro sesxebi 151,313 152,436 oqros giravnobiT gacemuli sesxebi 46,374 28,158 sxva 15,174 19,869 klientebze gacemuli sesxebi, jamuri 2,145,623 1,704,610

gamoklebuli-sesxis gaufasurebis rezervi (106,601) (28,929)

klientebze gacemuli sesxebi, wminda 2,039,022 1,675,681



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9. klientebze gacemuli sesxebi (gagrZeleba)

sesxis gaufasurebis rezervi

momxmareblebze gacemuli sesxebis gaufasurebis rezervis dinamika tipebis mixedviT Semdegia:

komerciu

li sesxebi 2008

samomxmareblo sesxebi 2008

ipoTekuri sesxebi 2008

mikro-sesxebi 2008

oqros giravnobiT gacemuli sesxebi 2008

sxva 2008

jami 2008

2008 wlis 1 ianvari 11,120 13,158 2,757 1,676 – 218 28,929 daricxva 53,349 50,190 7,164 5,415 – 6,694 122,812 amoReba 3,265 5,088 1,327 1,496 – – 11,176 Camowera (17,685) (22,082) (2,724) (3,221) – – (45,712)gaufasurebul sesxebze daricxuli procenti (3,067) (3,730) (199) (333) – – (7,329)sakurso sxvaobebi (1,227) (471) (356) (112) – (1,109) (3,275)2008 wlis 31 dekemberi 45,755 42,153 7,969 4,921 – 5,803 106,601 individualuri gaufasureba

37,904 25,920 5,068 3,071 – 651 72,614 koleqtiuri gaufasureba 7,850 16,235 2,901 1,850 – 5,151 33,987 45,754 42,155 7,969 4,921 – 5,802 106,601 sesxis mTliani Tanxa, romelic individualurad gansazRvrulia, rogorc gaufasurebuli nebismieri individualurad Sefasebuli gaufasurebis rezervis gamoqviTvamde 290,561 42,338 35,280 8,505 – 857 377,541

komerciuli

sesxebi 2007

samomxmareblo sesxebi 2007

ipoTekuri sesxebi 2007

mikro-sesxebi 2007

oqros giravnobiT gacemuli sesxebi 2007

sxva 2007

jami 2007

2007 wlis 1 ianvari 15,522 3,606 1,223 668 1 – 21,020 daricxva (4,093) 16,264 2,448 2,573 (1) 218 17,409 amoReba 4,544 1,856 593 925 – – 7,918 Camowera (4,173) (7,577) (1,445) (2,380) – – (15,575)gaufasurebul sesxebze daricxuli procenti (740) (991) (62) (110) – – (1,903)sakurso sxvaobebi 60 – – – – – 60 2007 wlis 31 dekemberi 11,120 13,158 2,757 1,676 – 218 28,929 individualuri gaufasureba 5,330 3,311 479 539 – – 9,659 koleqtiuri gaufasureba 5,790 9,847 2,278 1,137 – 218 19,270

11,120 13,158 2,757 1,676 – 218 28,929 sesxis mTliani Tanxa, romelic individualurad gansazRvrulia rogorc gaufasurebuli, nebismieri individualurad Sefasebuli gaufasurebis rezervis gamoqviTvamde 24,753 10,366 3,551 1,700 – 1,119 41,489



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42

9. klientebze gacemuli sesxebi (gagrZeleba) individualurad gaufasurebuli sesxebi sesxebze daricxuli saprocento Semosavali, romlisTvisac 2008 wlis 31 dekembris mdgomareobiT asaxulia individualuri gaufasurebis rezervi, Seadgenda 10,241 lars (2007: 2,324 lari). girao da kreditis sxva uzrunvelyofa giraos moculoba da tipi damokidebulia SeTanxmebuli mxaris sakredito riskis Sefasebaze. SemuSavebulia instruqcia misaRebi giraos tipebis da Sefasebis parametrebis Taobaze. miRebuli giraos ZiriTadi tipebia:

- komerciuli sesxebisaTvis - uZravi qoneba, inventari da savaWro moTxovnebi. - sacalo sesxebisaTvis - sacxovrebeli uZravi qonebis girao.

xelmZRvaneloba amowmebs giraos sabazro Rirebulebas, iTxovs damatebiT giraos xelSekrulebis mixedviT, da amowmebs sesxis gaufasurebis rezervis adekvaturobis ganxilvisas miRebuli giraos sabazro Rirebulebas. klientebze gacemuli sesxebis koncentracia

2008 wlis 31 dekembris mdgomareobiT, jgufis mier aTi umsxvilesi mesame mxarisaTvis gacemuli sesxebis koncentracia Seadgenda 230,733 lars, rac Seadgens jgufis mTliani sasesxo portfelis 11%-s (2007: 226,989 lari da 13% Sesabamisad). am sesxebTan mimarTebaSi dadginda 10,224 laris (2007: 1,705 lari) odenobis rezervi.

2008 da 2007 wlis 31 dekembris mdgomareobiT, sesxebi ZiriTadad gaicema saqarTveloSi, xolo maTi ganawileba seqtorebis mixedviT Semdegia:

2008 2007 fizikuri pirebi 1,079,945 699,456 vaWroba da momsaxureba 667,557 648,086 mSenebloba da developmenti 158,702 157,797 energetika 66,145 11,512 transporti da komunikacia 52,631 8,084 samompoveblo samuSaoebi 34,526 55,053 soflis meurneoba 20,134 64,567 sxva 65,983 60,055 klientebze gacemuli sesxebi, jamuri 2,145,623 1,704,610 sesxis gaufasurebis rezervis gamoklebiT (106,601) (28,929)

klientebze gacemuli sesxebi, wminda 2,039,022 1,675,681 sesxebi gaica momxmareblebis Semdeg tipebze:

2008 2007 fizikuri pirebi 1,079,945 699,456 kerZo kompaniebi 1,029,008 967,023 saxelmwifo organizaciebi 36,670 38,131 klientebze gacemuli sesxebi, jamuri 2,145,623 1,704,610 sesxis gaufasurebis rezervis gamoklebiT (106,601) (28,929)

klientebze gacemuli sesxebi, wminda 2,039,022 1,675,681



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43

9. klientebze gacemuli sesxebi (gagrZeleba) klientebze gacemuli sesxebis koncentracia (gagrZeleba) qvemoT mocemulia individualuri da koleqtiuri gaufasurebis rezervebis Sedareba klientebze gacemuli sesxebis gaufasurebis zaralebisaTvis: 2008 2007

individualuri

gaufasureba koleqtiuri gaufasureba jami

individualuri

gaufasureba koleqtiuri gaufasureba jami

2008 2008 2008 2007 2007 2007 1 ianvari 9,659 19,270 28,929 12,633 8,387 21,020 daricxva (Sebruneba) wlis manZilze 73,311 49,501 122,812 (4,207) 21,616 17,409 aRdgena 6,690 4,486 11,176 5,706 2,212 7,918 Camowera (12,757) (32,955) (45,712) (3,945) (11,630) (15,575)klientebze gacemuli sesxebis gaufasurebaze daricxuli procenti (1,933) (5,396) (7,329) (588) (1,315) (1,903)sakurso sxvaobebi (2,356) (919) (3,275) 60 – 60

31 dekemberi 72,614 33,987 106,601 9,659 19,270 28,929 10. moTxovnebi finansuri ijaridan 2008 wlis 31

dekemberi 2007 wlis 31 dekemberi

minimaluri moTxovnebi finansuri ijaridan 50,565 54,844 finansuri ijaridan gamoumuSavebeli Semosavlis gamoklebiT (6,797) (7,354) 43,768 47,490

gaufasurebis rezervis gamoklebiT (2,163) (816)

moTxovnebi finansuri ijaridan, wminda 41,605 46,674 samomavlod misaReb minimalur salizingo gadaxdebsa da finansuri ijaridan moTxovnebs Soris sxvaoba warmoadgens gamoumuSavebel finansur Semosavals. 2008 wlis 31 dekembris mdgomareobiT, xuT umsxviles moijareSi investiciebis koncentraciam Seadgina 32,112 lari, an finansuri ijaridan mTliani moTxovnebis 73.4% (2007: 38,723 lari an 83%), xolo maTgan miRebulma finansurma Semosavalma 2008 wlis 31 dekembrisTvis Seadgina 3,512 lari, an ijaridan miRebuli mTliani finansuri Semosavlis 50.1% (2006: 2,627 lari an 64%). 2008 wlis 31 dekemberis mdgomareobiT, finansuri ijara 24,380 laris odenobiT warmoadgens moTxovnebs saxelmwifo saagentos mimarT. samomavlo minimaluri salizingo gadaxdebi, romlebic miRebul unda iqnas 2008 wlis 31 dekembris da 2007 wlis 31 dekembris Semdgom, Semdegia:

31 dekemberi 2008

31 dekemberi 2007

1 wlis ganmavlobaSi 37,550 34,087 1-dan 5 wlamde 13,015 20,757 5 welze meti – –

minimaluri salizingo gadaxdis moTxovnebi 50,565 54,844 minimaluri salizingo gadaxda, romelic miRebuli unda iqnas 2008 da 2007 wlis 31 dekembris Semdeg, gamosaxulia Semdeg valutebSi:



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10. moTxovnebi finansuri ijaridan (gagrZeleba)

31 dekemberi 2008

31 dekemberi 2007

aSS dolari 41,959 48,208 evro 5,919 6,636 belorusiuli rubli 2,687 _

minimaluri salizingo gadaxdis moTxovnebi 50,565 54,844 ZiriTadi saSualebebi, romelTac jgufi iRebs ijariT 2008 da 2007 wlebis 31 dekembris mdgomareobiT, SeiZleba daiyos Semdeg kategoriebad: 31 dekemberi, 2008 31 dekemberi, 2007

Tanxa proeqtebis raodenoba Tanxa

proeqtebis raodenoba

avia da saxmeleTo transporti 37,650 126 44,035 87 samSeneblo ZiriTadi saSualebebi 8,985 46 9,306 29 danadgarebi da mowyobilobebi 3,930 46 1,503 16 minimaluri salizingo gadaxdis moTxovnebi 50,565 218 54,844 132

finansuri ijaridan moTxovnebis gaufasurebis rezervi finansuri ijaridan moTxovnebis gaufasurebis rezervis dinamika Semdegia:

finansuri ijaridan

moTxovnebi 2008

finansuri ijaridan

moTxovnebi 2007 1 ianvari 816 108 daricxva/(Sebruneba) 1,335 708

sakurso sxvaoba 12 _

31 dekemberi 2,163 816 individualuri gaufasureba 1,600 318

koleqtiuri gaufasureba 563 498

2,163 816 finansuri ijaridan moTxovnebis mTliani moculoba, rac individualurad gansazRvrulia, rogorc gaufasurebuli, nebismieri individualurad Sefasebuli gaufasurebis rezervis gamoqviTvamde 2,730 _

11. sainvesticio fasiani qaRaldebi gasayidad arsebuli fasiani qaRaldebi moicavs: 2008 2007 korporaciuli aqciebi 21,723 6,763 korporaciuli obligaciebi 6,748 24,879

finansTa saministros Tamasuqebi 5,266 10,745

gasayidad arsebuli fasiani qaRaldebi 33,737 42,387

2008 wlis 31 dekembris mdgomareobiT, korporaciuli aqciebi upirveles yovlisa Sedgeba 9,175 laris qarTul sacalo qselSi (2007: 3,998 lari) da 6,842 laris xorcis



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11. sainvesticio fasiani qaRaldebi (gagrZeleba) gasayidad arsebuli fasiani qaRaldebi moicavs (gagrZeleba): gadamamuSavebel kompaniaSi (2007: 1,555 laris Rvinis mwarmoebeli kompania) investiciebisagan. 2008 wlis 31 dekembris mdgomareobiT, korporaciuli obligaciebi Sedgeba 6,748 laris investiciebisagan ukrainis ramdenime finansur dawesebulebaSi (2007: 15,542 lari). nominaluri saprocento ganakveTebi da am fasiani qaRaldebis vadebi Semdegia:

31 dekemberi 2008 31 dekemberi 2007

% vadis

amowurva % vadis

amowurva

korporaciuli obligaciebi 14.41% 1-3 years 14.47% 1-6 years finansTa saministros Tamasuqebi 11.95% 1-3 years 9.61% 1-4 years

vadis amowurvamde SenarCunebadi fasiani qaRaldebi Seicavs:

2008 2007 sabalanso

Rirebuleba nominaluri Rirebuleba


nominaluri Rirebuleba

centraluri bankebis sadepozito sertifikatebi 14,826 15,000 146,016 149,151 saxelmwifo savalo fasiani qaRaldebi 8,019 8,047 38,115 37,930 korporaciuli obligaciebi – – 8,263 7,958 finansTa saministros Tamasuqebi – – 70 70

vadis amowurvamde SenarCunebadi fasiani qaRaldebi 22,845 23,047 192,464 195,109

sakontraqto saprocento ganakveTebis da am fasiani qaRaldebis vada Semdegia: 31 dekemberi 2008 31 dekemberi 2007

%

vadis amowurva %

vadis amowurva

korporaciuli obligaciebi – – 9.50% 2010

finansTa saministros Tamasuqebi – – 13.00% 2008

centraluri bankebis sadepozito sertifikatebi 11.79% 2009 9.79% 2008

saxelmwifo savalo fasiani qaRaldebi 13.00% 2009 13.00% 2009

12. investiciebi mokavSire sawarmoebSi Semdegi mokavSire sawarmoebis gaTvaliswineba xdeba kapitalis meTodis safuZvelze: 2008

mokavSire wawarmoebi

mflobeloba / xmis

ufleba, % qveyana registraciis TariRi saqmianoba

SeZenis TariRi

ss ès-bi iberia~ 49,00% saqarTvelo 13/12/2007 mSenebloba 20/03/2008



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ss ès-bi iberia 2~ 49.00% saqarTvelo 28/03/2008 mSenebloba ss `Teliani veli~ 27.19% saqarTvelo 30/06/2000 Rvinis

warmoeba 13/02/2007

ss èrTi jgufi~ 25.00% saqarTvelo 23/04/2007 gasarTobi biznesi

ss ìqoli~ 27.03% saqarTvelo 22/03/2005 satelefono centri

22/11/2006

ss èn-turi~ 30.00% saqarTvelo 1/11/2001 turistuli momsaxureba

29/05/2008

ss `sastumroebi da restornebi

50.00% saqarTvelo sakvebis sacalo vaWroba

29/05/2008

ss ìnfo jorjia XXI~

50.00% saqarTvelo 26/04/2001 biznes servisi 20/05/2008

ss `kavkasus auTomotiv riTeili~

30.00% saqarTvelo 18/04/2008 avtomobilebis sacalo gayidva

2/05/2008

Sps `sTail +~ 32.45% saqarTvelo 1/08/2005 sareklamo 7/08/2008

2007

mokavSire sawarmoebi

mflobeloba / xmis

ufleba, % qveyana registraciis TariRi saqmianoba

Sesyidvis TariRi

ss ès-bi iberia~ 49.00% saqarTvelo

12/13/2007 mSenebloba miTiTebuli

ar aris

ss `Teliani veli~ 25.17% saqarTvelo

30/06/2000 Rvinis

warmoeba 13/02/2007

ss ìqoli~ 27.03% saqarTvelo

22/03/2005 satelefono

centri 22/11/2006

ss èrTi jgufi~ 25.00% saqarTvelo

23/04/2007 gasarTobi biznesi

miTiTebuli ar aris

Sps `macne +~ 28.00% saqarTvelo 29/06/2005 sareklamo 15/12/2006 mokavSire sawarmoebSi investiciebis dinamika Semdgia: 2008 2007 investiciebi mokavSire sawarmoebSi, wlis dasawyisi, jamuri 5,208 496 Sesyidvis fasi 13,355 5,275 gadacema (860) (700) mogebis (zaralis) wili (713) 137 investiciebi mokavSire sawarmoebSi, wlis bolo, jamuri 16,990 5,208

gaufasurebis rezervis gamoklebiT (274) – investiciebi mokavSire sawarmoebSi, wlis bolo, wminda 16,716 5,208

investiciebi mokavSire sawarmoebSi 2008 wlis 31 dekembris mdgomareobiT moicavs 7,354 laris odenobis gudvils (2007: 2,413 lari). winamdebare cxrilSi mocemulia garkveuli finansuri informacia mokavSire sawarmoebis Taobaze: mokavSire sawarmoTa agregirebuli aqtivebi da valdebulebebi

2008 2007

aqtivebi 58,171 15,611

valdebulebebi (32,023) (5,722)

wminda aqtivebi 26,148 9,889



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12. investiciebi mokavSire sawarmoebSi (gagrZeleba) mokavSire sawarmoTa mTliani mogeba-zarali 2008 2007 Semosavali 34,663 10,973 mogeba (zarali) (1,607) 1,089 mokavSire sawarmo – ss `Teliani veli~ mocemulia qarTul safondo birJaze. 2008 wlis 31 dekembris mdgomareobiT, ss `Telian velSi~ investiciis sabalanso Rirebuleba iyo 5,042 lari (2007: 3,810 lari), xolo samarTlianma Rirebulebam Seadgina 7,263 lari (2007: 12,996 lari). 13. sainvesticio qoneba 2008 2007 1 ianvari 35,065 1,224

Sesyidvebi 12,613 10,499

wminda cvlileba samarTlian RirebulebaSi mogeba-zaralis gavliT (389) 16,362

transferebi ZiriTadi saSualebebidan (SeniSvna 14) – 5,132

kapitalis gavliT samarTliani Rirebulebis koreqtireba – 1,848

31 dekemberi 47,289 35,065

sainvesticio qoneba warmodgenilia samarTliani RirebulebiT, romelic ganisazRvra akreditebuli damoukidebeli Semfaseblis, `qarTuli saSemfaseblo kompaniis~ mier 2008 wlis 31 dekembris mdgomareobiT Sefasebis safuZvelze. `qarTuli saSemfaseblo kompania~ warmoadgens am tipis sainvesticio qonebis Sefasebis specialists. samarTliani Rirebuleba warmoadgens Rirebulebas, romliTac SeiZleba aqtivebis gacvla mcodne, msurvel myidvelsa da mcodne, msurvel gamyidvels Soris, komerciuli garigebiT, Sefasebis TariRisTvis, Sefasebis saerTaSoriso standartebis komitetis standartebis mixedviT. saijaro Semosavali da pirdapiri saoperacio xarji, romelic warmoiqmneba sainvesticio qonebidan, Sedgeba: 2008 2007

saijaro Semosavali 1,211 628

pirdapiri saoperacio xarji (76) (50) Sesabamis periodebSi saijaro Semosavlis miRebaSi gamoyenebuli iyo pirdapiri saoperacio xarjebis mTliani moculoba. 14. ZiriTadi saSualebebi ZiriTadi saSualebebis dinamika 2008 wlis ganmavlobaSi Semdegia:

Senoba nagebobe

bi

aveji da mowyobil

obebi

kompiuterebi da saofise

teqnika avtomobilebi

ijariT aRebuli qonebis

gaumjobesebebi

samSeneblo

aqtivebi jami

gadafasebis Rirebuleba

31 dekemberi, 2007 w. 135,084 42,285 21,516 5,765 4,111 12,973 221,734 Sesyidva biznesis gaerTianebidan 18,162 696 1,095 75 – 219 20,247 mateba 1,174 33,398 13,215 3,416 779 57,902 109,884 kleba (4,677) (1,934) (468) (1,491) (1,023) (1,976) (11,569)



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transferebi 7,815 167 480 263 4,096 (12,821) – gadafaseba (11,669) – – – – – (11,669)valutis konvertaciis koreqtireba 1,141 1,991 662 (203) 503 2,253 6,347 31 dekemberi, 2008 w. 147,030 76,603 36,500 7,825 8,466 58,550 334,974 akumulirebuli gaufasureba 31 dekemberi 2007 w. 467 – – – – – 467 gaufasurebis danaricxi 158 1 84 1 – – 244 31 dekemberi 2008 w. 625 1 84 1 – – 711 akumulirebuli cveTa 31 dekemberi 2007 w. 62 7,531 6,602 1,306 1,110 – 16,611 cveTis danaricxi 2,832 7,048 5,515 1,480 1,795 – 18,670 sakurso sxvaoba (68) (116) (88) (63) 2 – (333)kleba (563) (295) (162) (130) (105) – (1,255)gadafaseba (1,214) – – – – – (1,214)31 dekemberi, 2008 w. 1,049 14,168 11,867 2,593 2,802 – 32,479 wminda sabalanso Rirebuleba: 31 dekemberi, 2007 w. 134,555 34,754 14,914 4,459 3,001 12,973 204,656

31 dekemberi, 2008 w. 145,356 62,434 24,549 5,231 5,664 58,550 301,784 ZiriTadi saSualebebis dinamika 2007 wlis ganmavlobaSi Semdegia:

Senoba nagebobe

bi

aveji da mowyobil

obebi

kompiuterebi da saofise

teqnika avtomobilebi

ijariT aRebuli qonebis

gaumjobesebebi

samSeneblo

aqtivebi jami

gadafasebis Rirebuleba

31 dekemberi, 2006 w. 37,652 21,005 11,483 1,824 2,027 4,168 78,159 Sesyidva biznesis gaerTianebidan 4,147 1,782 2,759 336 – 34 9,058 mateba 25,249 18,900 7,912 3,492 526 16,261 72,340 kleba – (69) (946) (35) (89) (445) (1,584)transferebi 5,398 – – – 1,647 (7,045) – transferebi sainvesticio qonebaSi (5,132) – – – – – (5,132)gadafaseba 66,975 – – – – – 66,975 valutis konvertaciis koreqtireba 795 667 308 148 – – 1,918 31 dekemberi, 2007 w. 135,084 42,285 21,516 5,765 4,111 12,973 221,734 akumulirebuli gaufasureba 31 dekemberi 2006 w. da 31 dekemberi, 2007 w. 467 – – – – – 467 akumulirebuli amortizacia 31 dekemberi 2006 w. 1,227 4,314 4,097 749 477 – 10,864



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amortizaciis danaricxi 926 3,236 3,041 744 694 – 8,641 sakurso sxvaoba (7) – 2 (5) – – (10)kleba (14) (19) (538) (182) (61) – (814)gadafaseba (2,070) – – – – – (2,070)31 dekemberi, 2007 w. 62 7,531 6,602 1,306 1,110 – 16,611 wminda sabalanso Rirebuleba: 31 dekemberi, 2006 w. 35,958 16,691 7,386 1,075 1,550 4,168 66,828

31 dekemberi, 2007 w. 134,555 34,754 14,914 4,459 3,001 12,973 204,656 jgufma daiqirava akreditebuli damoukidebeli Semfasebeli - `qarTuli saSemfaseblo kompania~, raTa ganesazRvra misi Senoba-nagebobebis samarTliani Rirebuleba. samarTliani Rirebuleba gansazRvrulia Sesabamisi sabazro pirobebis miTiTebiT. saboloo gadafasebis angariSis mixedviT, gadafasebis ukanaskneli TariRi iyo 2008 wlis 31 dekemberi. Tu Senobebi Sefasdeboda fasdadebis modelis gamoyenebiT, 2008 wlis 31 dekembris da 2007 wlis 31 dekembris mdgomareobiT, Senobebis sabalanso Rirebulebebi iqneboda: 2008 2007 Rirebuleba 66,917 62,605 akumulirebuli cveTa da amortizacia (7,353) (2,815)

wminda sabalanso Rirebuleba 59,564 59,790 15. `gudvili~ da sxva aramaterialuri aqtivebi `gudvilisa~ da aramaterialuri aqtivebis dinamika 2008 wlis ganmavlobaSi iyo Semdegi:

gudvili

ZiriTadi sadepozito aramateria

luri aqtivebi

programuli uzrunvelyo

fa da licenzia jami

Rirebuleba 31 dekemberi, 2007 w. 110,498 1,688 7,611 119,797 Sesyidva biznesis gaerTianebidan (SeniSvna 5) 23,682 843 117 24,642 mateba – – 12,997 12,997 kleba – – (170) (170) sakurso sxvaoba 58 (32) 236 262 31 dekemberi 2008 w. 134,238 2,499 20,791 157,528 akumulirebuli amortizacia da gaufasureba 31 dekemberi 2007 w. 426 – 3,382 3,808 amortizaciis danaricxi – – 1,618 1,618 kleba (426) – (12) (438) sakurso sxvaobebi – – 81 81 31 dekemberi 2008 w. – – 5,069 5,069 wminda sabalanso Rirebuleba: 31 dekemberi 2007 w. 110,072 1,688 4,229 115,989

31 dekemberi 2008 w. 134,238 2,499 15,722 152,459 2008 wels, programuli uzrunvelyofis da licenziebis mateba moicavs 8,625 lars saqarTveloSi àmeriqan eqspres qards~-is da dakavSirebuli produqtebis 7-wliani eqskluziuri licenziis SeZenisaTvis (ZalaSi Sedis gacemis TariRidan).



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15. `gudvili~ da sxva aramaterialuri aqtivebi (gagrZeleba) `gudvilisa~ da aramaterialuri aqtivebis dinamika 2007 wlis ganmavlobaSi iyo Semdegi:

gudvili

ZiriTadi sadepozito aramateria

luri aqtivebi

programuli uzrunvelyo

fa da licenzia jami

Rirebuleba 31 dekemberi, 2006 w. 40,705 – 6,355 47,060 Sesyidva biznesis gaerTianebidan (SeniSvna 5) 69,026 1,688 1,155 71,869 mateba 767 – 1,131 1,898 kleba – – (1,030) (1,030) 31 dekemberi 2007 w. 110,498 1,688 7,611 119,797

akumulirebuli amortizacia da gaufasureba 31 dekemberi 2006 w. 426 – 3,205 3,631 amortizaciis danaricxi – – 1,219 1,219 gaufasurebis danaricxi – – 3 3 kleba – – (967) (967) amortizaciis danaricxis gadafaseba – – (79) (79) sakurso sxvaoba – – 1 1 31 dekemberi 2007 w. 426 – 3,382 3,808 wminda sabalanso Rirebuleba: 31 dekemberi 2006 w. 40,279 – 3,150 43,429

31 dekemberi 2007 w. 110,072 1,688 4,229 115,989 2008 wlis 31 dekemberis mdgomareobiT, biznesis gaerTianebisas SeZenili `gudvili ganawilda fuladi saxsrebis gamommuSavebel Semdeg erTeulebze gaufasurebis Semowmebis miznebisaTvis:

• ss `saqarTvelos banki~

• ss `beloruski narodni banki~

• ss `bi-ji banki~ (saxelwodeba Secvlili aqvs)

• ss `sadazRvevo kompania aldagi – bi-si-ai~

• ss ìnterturi~

• Sps `gaerTianebuli qarTuli registratori~

• ss `nova teqnoloji~ fuladi saxsrebis gamommuSavebeli TiToeuli erTeulis aRdgenadi Rirebuleba ganisazRvra gamoyenebiTi Rirebulebis gaangariSebiT, fuladi saxsrebis dagegmvis saSualebiT, damtkicebuli biujetis safuZvelze, im varaudiT, rom biznesi ar ganviTardeba da fuladi saxsrebi ucvleli darCeba. fuladi saxsrebis dagegmvisaTvis gamoyenebuli diskontirebis ganakveTi warmoadgens fuladi saxsrebis gamommuSavebeli TiToeuli konkretuli erTeulis kapitalis saSualo Sewonil Rirebulebas (“WACC”).

`gudvilis~ sabalanso Rirebuleba (amortizaciis gareSe), romelic nawildeba fuladi saxsrebis gamommuSavebel TiToeul erTeulze, Semdegia:



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51

15. `gudvili~ da sxva aramaterialuri aqtivebi (gagrZeleba)

gudvilis sabalanso Rirebuleba

WACC-s gamoyeneba gaufasurebisaTvis



ss `saqarTvelos banki~ 7.5% 22,391 21,308 ss `bi-ji banki~ 11.7% 68,016 68,016 ss `beloruski narodni banki~ miTiTebuli ar aris 23,394 _ ss `sadazRvevo kompania aldagi – bi-si-ai~ 15.8% 18,742 18,454 ss `Cemi ojaxis klinika~ 15.8% 220 220 ss `galT end TagarT banki~ miTiTebuli ar aris _ 599 Sps ìnterturi~ 12.0% 698 698 Sps `saqarTvelos fasiani qaRaldebis gaerTianebuli registratori~ 14.0% 366 366 ss `nova teqnoloji~ 14.0% 411 411 jami 134,238 110,072

`gudvilis~ Rirebuleba, romelic warmoiqmna ss ìnteleqt bankisa~ da ss `Tbiluniversal bankis~ Sesyidvis safuZvelze, gadatanil iqna ss `saqarTvelos bankze~, ZiriTadad im faqtis gamo, rom ss `saqarTvelos banks~ gamoyenebuli aqvs aRniSnuli finansuri dawesebulebebis aqtivebi da valdebulebebi. `gudvilisa~ da ganusazRvreli sasargeblo momsaxurebis xangrZlivobis mqone sxva aramaterialuri aqtivebis gaufasurebis Semowmeba biznesis gaerTianebisas SeZenili ganusazRvreli sasargeblo momsaxurebis xangrZlivobis mqone gudvili ganawilda fuladi saxsrebis gamommuSavebel or individualur erTeulze, romlebic aseve saangariSgebo segmentebs warmoadgenen, gaufasurebis Semowmebis mizniT: korporaciuli sabanko saqme da sacalo sabanko saqme. fuladi saxsrebis gamommuSavebel TiToeul erTeulze ganawilebuli `gudvilis~ sabalanso Rirebuleba Semdegia: 2008 2007 sacalo sabanko saqme 78,408 55,036 korporaciuli sabanko saqme 35,381 34,889 dazRveva 18,962 18,673 aqtivebisa da qonebis marTva da sabrokero saqme 1,487 1,474 134,238 110,072

gamoyenebiTi Rirebulebis gaangariSebisas gamoyenebuli ZiriTadi daSvebebi aqtivebis marTvis erTeulis aRdgenadi Rirebuleba ganisazRvra gamoyenebiT Rirebulebaze dayrdnobiT, fuladi saxsrebis moZraobis dagegmvis safuZvelze, zeda rgolis xelmZRvanelobis mier damtkicebuli finansuri biujetebis mixedviT, romlebic moicavda xuT wlian periods. fuladi saxsrebis moZraobis dagegmvisas gamoyenebuli fasdaklebis ganakveTi xuT wliani periodis zeviT, eqstrapolirebulia dagegmili zrdis ganakveTis gamoyenebiT. korporaciuli sabanko saqmisa da sacalo sabanko saqmisaTvis, bankis mier gamoyenebulia Semdegi ganakveTebi: korporaciuli sabanko saqme sacalo sabanko saqme 2008, % 2007, % 2008, % 2007, % diskontirebis ganakveTi 7.5% 10% 7.5% 10% dagegmili zrdis ganakveTi 7.5% 0% 7.5% 0%



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15. `gudvili~ da sxva aramaterialuri aqtivebi (gagrZeleba) gamoyenebiTi Rirebulebis gaangariSebisas gamoyenebuli ZiriTadi daSvebebi (gagrZeleba) dazRvevis, aqtivebis da qonebis marTvis, da sabrokero saqmisaTvis, bankis mier gamoyenebulia Semdegi ganakveTebi:

dazRveva aqtivebisa da qonebis

marTva, da sabrokero saqme 2008, % 2007, % 2008, % 2007, % diskontirebis ganakveTi 15.8% 13% 12%-14% 12%-14% dagegmili zrdis ganakveTi 15.8% 0% 0% 0%

aqtivebis marTvisa da sacalo sabanko saqmisaTvis gamoyenebiTi Rirebulebis gamoTvla yvelaze metad mgrZnobiarea saprocento zRvrebisa da diskontirebis ganakveTebTan dakavSirebuli varaudebis mimarT: saprocento zRvari saprocento zRvrebi eyrdnoba sabiujeto periodis dawyebis wina sam weliwadSi miRweul saSualo maCveneblebs. aRniSnuli gazrdilia sabiujeto periodis ganmavlobaSi, sabazro pirobebis gaTvaliswinebiT. diskontirebis ganakveTebi diskontirebis ganakveTebi asaxavs xelmZRvanelobis daSvebebs TiToeuli saqmianobisaTvis saWiro kapitalis brunvasTan dakavSirebiT (ROCE). aRniSnuli warmoadgens xelmZRvanelobis mier gamoyenebul benCmarkings saoperacio saqmianobis da samomavlo investirebis winadadebebis Sefasebis mizniT. diskontirebis ganakveTebis gaangariSeba xdeba WACC-s gamoyenebiT. 16. gadasaxadebi korporaciuli saSemosavlo gadasaxadis xarji moicavs:

2008 2007 mimdinare saSemosavlo gadasaxadis xarjs 6,762 7,638 gadavadebul sagadasaxado (sargebels) xarjs – droebiTi sxvaobebis warmoqmnas da Sebrunebas (10,929) 17,065 gamoklebuli: uSualod kapitalSi aRiarebuli gadavadebuli gadasaxadi 3,189 (10,633) saSemosavlo gadasaxadis (sargebeli) xarji (978) 14,070

jgufis Semosavlis umetesi nawilis saSemosavlo gadasaxadis ganakveTi aris ganakveTi, romelic gamoiyeneba Svilobili kompaniebis SemosavlisaTvis 15%-dan 26%-mde (2007: 15%-dan 25%-mde). saxelmwifo fasiani qaRaldebis saprocento Semosavalze sagadasaxado ganakveTi - saSemosavlo gadasaxadis ganakveTi saqarTveloSi Semcirda 2009 wlis 1 Tebervlidan. mosalodnel da mimdinare dabegvras Soris Sedareba mocemulia qvemoT. efeqturi saSemosavlo gadasaxadis ganakveTi gansxvavdeba kanonmdeblobiT gansazRvruli saSemosavlo gadasaxadis ganakveTebisagan. 2008 da 2007 wlis 31 dekembris mdgomareobiT efeqturi da kanonmdeblobiT gansazRvruli sagadasaxado ganakveTebis Sedareba Semdegia:



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16. gadasaxadebi (gagrZeleba)

2008 2007 (mogeba) zarali saSemosavlo gadasaxadis sargeblamde (xarjamde)

(804) 89,712

kanoniT dadgenili sagadasaxado ganakveTi 15% 20% Teoriuli saSemosavlo gadasaxadis (sargebeli) xarji kanoniT dadgenili sagadasaxado ganakveTiT

(121) 17,942

gadasaxadi adgilobrivi ganakveTebiT Sesabamis qveyanaSi SemosavlebTan dakavSirebiT

(837) 25

aragamoqviTvadi wilobrivi kompensaciis xarjebi 1,240 964 sxva saoperacio Semosavali 207 62 saxelmwifo fasiani qaRaldebi ufro dabali sagadasaxado ganakveTebiT

(1,020) (1,900)

kompaniaTa Soris operaciebis sagadasaxado efeqti (783) – uRiarebel gadavadebul sagadasaxado aqtivebSi cvlileba

– 144

Semcirebis zemoqmedeba sagadasaxado ganakveTSi – (3,226) aragamoqviTvadi xarjebi: - sxva gaufasurebis danakargi 171 (153) - gasarTobi RonisZiebebi da mivlinebebi 67 – - sxva 98 212 saSemosavlo gadasaxadis (sargebeli) xarji (978) 14,070

amJamad, saqarTveloSi moqmedebs ganaxlebuli sagadasaxado kodeqsi, romelic miRebul iqna da ZalaSi Sevida 2006 wels. moqmedi gadasaxadebi sxva gadasaxadebTan erTad moicavs korporaciul saSemosavlo gadasaxads, fizikuri pirebis saSemosavlo gadasaxads, qonebis gadasaxads da damatebiTi Rirebulebis gadasaxads, Tumca, aqtebi xSirad gaurkvevelia an ar arsebobs, gamocdilebac mcirea. es qmnis sagadasaxado riskebs saqarTveloSi, umeteswilad ufro mniSvnelovans, vidre sxva ganviTarebuli sagadasaxado sistemebis mqone qveynebSi. xelmZRvanelobas miaCnia, rom jgufi ZiriTadad SesabamisobaSia mis operaciebTan dakavSirebul sagadasaxado kanonmdeblobasTan. Tumca, riski imisa, rom Sesabamis organoebs SesaZloa gansxvavebuli pozicia hqondeT kanonebis interpretaciasTan mimarTebaSi, kvlav arsebobs. 31 dekemberis mdgomareobiT, sagadasaxado aqtivebi da valdebulebebi moicavs:

2008 2007 mimdinare sagadasaxado aqtivebi 8,095 998 gadavadebuli sagadasaxado aqtivebi 4,691 559 sagadasaxado aqtivebi 12,786 1,557 mimdinare sagadasaxado valdebulebebi 779 6,500 gadavadebuli sagadasaxado valdebulebebi 23,615 30,709 sagadasaxado valdebulebebi 24,394 37,209

31 dekembris mdgomareobiT, gadavadebuli sagadasaxado aqtivebi da valdebulebebi da maTi dinamika Sesabamis wlebSi Semdegia:

droebiTi sxvaobebis warmoSoba da

Sebruneba

droebiTi sxvaobebis

warmoSoba da Sebruneba

2006

mogeba-zaralis uwyisSi

uSualod kapitalSi

biznesis gaerTiane

bis efeqti 2007

mogeba-zaralis uwyisSi

uSualod kapitalSi

biznesis gaerTian

ebis efeqti 2008

gamoqviTvadi droebiTi sxvaobebis sagadasaxado efeqti: valdebulebebi 1,457 (1,422) – – 35 (35) – – –



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sakredito dawesebulebebis winaSe sainvesticio fasiani qaRaldebi: gasayidad arsebuli – – – – – 296 1,530 – 1,826 klientebze gacemuli sesxebi – 80 – 80 390 – – 470 gamoSvebuli fasiani qaRaldebi – – 55 55 (55) – – – gadazRvevis aqtivebi – 124 – – 124 119 – – 243 moTxovnebi gadazRvevis premiebidan – – – – – 2,073 – – 2,073 gaufasurebis da sxva danakargebis rezervebi 847 (622) – – 225 240 – – 465 wina periodze gadatanili sagadasaxado zaralebi – 1,313 – – 1,313 16,689 – – 18,002 moTxovnebi finansuri ijaridan – 7 – – 7 277 – – 284 aramaterialuri aqtivebi – 181 – – 181 58 – – 239 ZiriTadi saSualebebi – 2 – – 2 (175) 1,659 297 1,783 sxva aqtivebi – 115 – 115 348 – – 463 sxva valdebulebebi – 263 – 39 302 433 – – 735 jamuri gadavadebuli sagadasaxado aqtivebi 2,304 41 – 94 2,439 20,658 3,189 297 26,583 uRiarebeli gadavadebuli sagadasaxado aqtivebi 63 (148) – (122) (207) 207 – – – gadavadebuli sagadasaxado aqtivebi 2,367 (107) – (28) 2,232 20,865 3,189 297 26,583 dasabegri droebiTi sxvaobebis sagadasaxado efeqti: valdebulebebi sakredito dawesebulebebis winaSe – – – 1,710 1,710 341 – – 2,051 valdebulebebi meanabreTa winaSe – 502 – 123 625 (117) – – 508 gasayidad arsebuli fasiani qaRaldebi – 150 – 32 182 – – – 182 klientebze gacemuli sesxebi 2,573 (305) – 2,223 4,491 2,612 – – 7,103 gadazRvevis aqtivebi – 27 – – 27 – – – 27 misaRebi sadazRvevo premiebi – 6 – – 6 (6) – – – gaufasurebis da sxva danakargebis rezervebi – 38 – – 38 1,185 – – 1,223 ZiriTadi saSualebebi 5,774 3,149 10,173 1,060 20,156 8,324 – – 28,480 sainvesticio qoneba – 2,743 460 – 3,203 (342) – – 2,861 aramaterialuri aqtivebi 731 277 – – 1,008 1,289 – – 2,297 sxva aqtivebi – 414 – 522 936 (595) – – 341 sxva valdebulebebi 676 (676) – – – 434 – – 434 gadavadebuli sagadasaxado valdebulebebi 9,754 6,325 10,633 5,670 32,382 13,125 – – 45,507 wminda gadavadebuli sagadasaxado aqtivebi (valdebulebebi) (7,387) (6,432) (10,633) (5,698) (30,150) 7,740 3,189 297 (18,924)



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17. gaufasurebis sxva rezervebi

gaufasurebis sxva rezervebis dinamika Semdegia:

mokavSire sawarmoebSi investiciebis gaufasurebis

rezervi

sxva aqtivebis gaufasurebis

rezervi

garantiebisa da pirobiTi

valdebulebebis rezervi jami

31 dekemberi, 2006 w. – 528 672 1,200 daricxva/(Sebruneba) – (696) 331 (365) Camowera – (100) – (100) aRdgena – 274 – 274 31 dekemberi, 2007 w. – 6 1,003 1,009 daricxva 274 580 3,697 4,551 Camowera – (57) (437) (494) aRdgena – 20 – 20

31 dekemberi, 2008 w. 274 549 4,263 5,086 aqtivebis gaufasurebis rezervi daqviTulia dakavSirebuli aqtivebis sabalanso Rirebulebidan. rezervebi moTxovnebisTvis, garantiebisa da valdebulebebisaTvis aRricxulia valdebulebebSi. 18. sxva aqtivebi da valdebulebebi sxva aqtivebi moicavs: 2008 2007 gadazRvevis aqtivebi 21,493 15,987 misaRebi sadazRvevo premiebi 20,497 14,354 moTxovnebi debitorTa mimarT 7,243 3,690 moTxovnebi fuladi gadaricxvebidan 5,208 997 moTxovnebi faqtoringidan 4,539 1,249 gasayidad gamiznuli aqtivebi 4,469 _ dagiravebuli aqtivebi 3,464 3,415 moTxovnebi aqtivebis gayidvidan 2,317 _ maragebi 1,966 _ moTxovnebi saoperacio gadasaxadebidan 1,363 3,500 moTxovnebi saoperacio ijaridan 448 1,286 winaswari gadaxdebi ZiriTadi saSualebebis SesyidvisTvis 245 10,725 sakuTari savaWro fasiani qaRaldebi 92 6,342 angariSsworeba fasiani qaRaldebiT operaciebze 39 2,614 sxva 2,287 3,505 75,670 67,664 gamoklebuli – sxva aqtivebis gaufasurebis rezervi (SeniSvna 17) (549) (6) sxva aqtivebi 75,121 67,658 dagiravebuli aqtivebi warmoadgens bankis msesxeblebisgan uzrunvelyofidan SerCenil aqtivebs. es aqtivebi ar gamoiyeneba miznobrivad da gamiznulia gasayidad mokle periodSi. gasayidad arsebuli aqtivebi moicavs 4,469 laris odenobis investicias ss `ji-pi-si~-s afTiaqebis qselis sawesdebo kapitalis 19.5%-Si. investicia ganxorcielda 2008 wlis ivnisSi, Tavdapirvelad kompaniis biznes operaciebis da dakavSirebuli riskebis zedamxedvelobis mizniT, raTa miRebuliyo gadawyvetileba SeZenaze. ganxorcielebuli dakvirvebebisa da analizis safuZvelze, 2008 wlis noemberSi jgufis xelmZRvanelobam miiRo gadawyvetileba investirebis Taobaze. potenciur myidvelebTan molaparakebebi 2008 wlis dekemberSi daiwyo da kvlav mimdinareobs. jgufs ar hqonia aqtivebis samarTliani Rirebulebis cvlilebiT warmoSobili araviTari mogeba an zarali.



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18. sxva aqtivebi da valdebulebebi (gagrZeleba) sxva valdebulebebi moicavs: 2008 2007 valdebulebebi sadazRvevo kontraqtebidan 44,340 31,813 TanamSromelTa kompensaciis daricxva 14,165 20,943 valdebulebebi kreditorTa winaSe 12,803 4,783 sxva sadazRvevo valdebulebebi 9,424 6,151 valdebulebebi aramaterialuri aqtivebis Sesyidvidan 5,959 _ kreditorebi 5,858 10,907 sxva gadasaxadebi 4,783 7,384 sapensio valdebulebebi 1,642 1,262 gadasaxdeli dividendebi 314 317 gamoSvebuli sasesxo fasiani qaRaldebi 5 4,993 valdebulebebi wilis SeZenidan _ 1,316 sxva 2,262 10,268 sxva valdebulebebi 101,555 100,137

19. valdebulebebi sakredito dawesebulebebis winaSe

valdebulebebi sakredito dawesebulebebis winaSe moicavs:

2008 2007 sesxebi saerTaSoriso sakredito dawesebulebebisagan 1,108,014 821,667 vadiani depozitebi da bankTaSoris sesxebi 91,389 62,009 sakorespondento angariSebi 17,319 18,119

valdebulebebi sakredito dawesebulebebis winaSe 1,216,722 901,795

2008 wlis ganmavlobaSi, jgufma miiRo moklevadiani dafinanseba saqarTveloSi moqmedi bankebisgan, sxvadasxva valutaSi. 2008 wlis 31 dekembris mdgomareobiT, jgufs saqarTveloSi moqmedi ucxouri bankebisgan depozitebis saxiT miRebuli hqonda 32,795 laris ekvivalenti (2007: 4,744 lari) ucxour valutaSi. 2008 wels, jgufma gadaixada 4.85%-mde saprocento ganakveTi am depozitebze (2007: 5%). sesxebi saerTaSoriso sakredito dawesebulebebisgan, vadiani depozitebi da bankTaSoris sesxebi moicavs:

2008 wlis 31 dekembris mdgomareobiT: sakredito dawesebuleba

gacemis TariRi

sakontraqto vada valuta

wliuri saprocento ganakveTi

sesxis odenoba

Tavdapirvel valutaSi

dasafari naSTi 2008 wlis 31 dekembris

mdgomareobiT larSi (*)

`bi-ji fainans~ B.V. 8-Teb-07 8-Teb-12 aSS dol. 9% 200,000 340,864 `rubrika fainans kompani~ holandia B.V.

6-ian-08 6-ivn-10 aSS dol. LIBOR+9% 140,000 230,740

`meril linC inTerneSnl~ 21-dek-07 21-ian-09 aSS dol. LIBOR+7.65% 65,000 111,806 `siTibenq inTerneSnl~ PLC 17-agv-07 17-Teb-09 aSS dol. LIBOR+2.2% 43,500 73,780

`meril linC inTerneSnl~ 17-agv-07 17-agv-17 aSS dol. LIBOR+5.995% 35,000 59,488

saqarTvelos erovnuli banki 30-seq-08 30-seq-09 lari 13% 58,900 58,900 holandiis ganviTarebis safinanso kompania

30-ivn-08 15-oqt-18 aSS dol. LIBOR+7.25% 30,000 50,351

sazRvargareTuli kerZo sainvesticio kompania

19-dek-08 19-dek-18 aSS dol. 5.75% 29,000 47,605

siTibank inTerneSnl, PLC 20- agv-07 20-agv-10 aSS dol. LIBOR+2.75 25,000 41,875

`semfer augustos~ B.V. 31-oqt-07 25-oqt-17 aSS dol. 11.65% 15,000 25,515 holandiis ganviTarebis safinanso kompania

22-ian-07 15-mar-14 aSS dol. LIBOR+3.3% 12,500 20,387

sazRvargareTuli kerZo sainvesticio kompania

19-dek-08 19-dek-18 aSS dol. 7.75% 10,000 16,379



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ss `Ti-bi-si banki~ 31-dek-08 5-ian-09 evro 5% 5,000 11,824

msoflio biznes kapitali 17-Teb-06 1-oqt-16 aSS dol. LIBOR+2.75% 10,000 11,242 Sps `hilsaid apeqs fand~ (subordinirebuli davalianeba) 14-agv-06 14-agv-16 aSS dol. LIBOR+6.20% 5,000 8,630

ss `Ti-bi-si banki~ 26-dek-08 5-ian-09 aSS dol. 4% 5,000 8,340

msoflio biznes kapitali 29-mar-07 25-mar-17 aSS dol. LIBOR+2.75% 5,226 7,633

ss HSBC banki saqarTvelo 29-ivl-08 29-ian-09 aSS dol. 9% 4,000 6,926

komercbanki AG 16-dek-05 30-dek-10 aSS dol. LIBOR+1.3% 5,000 5,408

ss `Ti-bi-si banki~ 29- dek -08 6-ian-09 lari 4.5% 5,000 5,001

naSTebi 5,000 larze naklebi sxvadasxva sxvadasxva sxvadasxva sxvadasxva sxvadasxva 56,709 jami: 1,199,403

2007 wlis 31 dekembris mdgomareobiT: sakredito dawesebuleba

gacemis TariRi

sakontraqto vada valuta

wliuri saprocento ganakveTi

sesxis odenoba

Tavdapirvel valutaSi

dasafari naSTi 2008 wlis 31 dekembris

mdgomareobiT larSi (*)

`bi-ji fainans~ B.V. 8-Teb-07 8-Teb-12 aSS dol. 9% 200,000 323,110 `meril linC inTerneSnl~ 21-dek-07 21-ian-09 aSS dol. USDLIBOR+7.65

% 65,000 101,577

`siTibenq inTerneSnl~ PLC 17-agv-07 17-agv-08 aSS dol. LIBOR+1.9% 55,000 85,505 `siTibenq inTerneSnl~ PLC 17-agv-07 17-Teb-09 aSS dol. LIBOR+2.2% 43,500 69,386 `meril linC inTerneSnl~ 17-agv-07 17-agv-17 aSS dol. LIBOR+5.995% 35,000 58,135 `siTibenq inTerneSnl~ PLC 20-agv-07 20-agv-10 aSS dol. LIBOR+2.75% 25,000 45,665 saqarTvelos erovnuli banki 31-dek-07 4-ian-08 lari 14% 30,000 30,000 `semfer augustos~ B.V. 31-oqt-07 25-oqt-17 aSS dol. 11.65% 15,000 24,360 saqarTvelos erovnuli banki 21-Teb-06 20-Teb-08 lari 6% 20,000 20,014 holandiis ganviTarebis safinanso kompania 22-ian-07 15-mar-14 aSS dol. LIBOR+3.3% 12,500 20,157

msoflio biznes kapitali 17-Teb-06 1-oqt-16 aSS dol. LIBOR+2.75% 10,000 12,728 evropis rekonstruqciisa da ganviTarebis banki 17-dek-07 mbrunavi aSS dol. LIBOR+1.5% 5,800 9,253

Sps `hilsaid apeqs fand~ (subordinirebuli davalianeba) 14-agv-06 14-agv-16 aSS dol. LIBOR+6.20% 5,000 8,354

msoflio biznes kapitali 29-mar-07 25-mar-17 aSS dol. LIBOR+2.75% 4,607 7,363 AKA Ausfuhrkredit-Gesellschaft m.b.H. 18-noe-03 mbrunavi evro LIBOR+2% 5,000 6,626 komercbanki AG 16-dek-05 30-dek-10 aSS dol. LIBOR+1.3% 5,000 5,816 naSTebi 5,000 larze naklebi sxvadasxva sxvadasxva sxvadasxva sxvadasxva – 55,627 jami 883,676 * - Seicavs daricxul procents msxvil sesxebTan dakavSirebuli xelSekrulebebi moicavs garkveul SeTanxmebebs, romliTac jgufisTvis dgindeba kapitalis adekvaturobis, likvidobis savaluto poziciis, kreditebTan dakavSirebuli da sxva limitebi. 2008 da 2007 wlebis 31 dekembris mdgomareobiT, jgufi asrulebda sakredito dawesebulebebisagan miRebuli sesxebis yvela pirobas.

20. valdebulebebi meanabreTa winaSe

valdebulebebi meanabreTa winaSe moicavs:

2008 2007 mimdinare angariSebi 612,502 737,045 vadiani depozitebi 580,622 618,431 valdebulebebi meanabreTa winaSe 1,193,124 1,355,476 akreditivebis uzrunvelyofis saxiT flobili 443 9,673 garantiebis uzrunvelyofis saxiT flobili 69,998 16,701

wlis bolos, valdebulebebi meanabreTa winaSe, 323,662 laris odenobiT (27%) gadasaxdeli iyo 10 umsxvilesi meanabrisaTvis (2007: 302,246 lari (22%)). valdebulebebi meanabreTa winaSe moicavs angariSebs Semdegi meanabreTa tipebisTvis:



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20. valdebulebebi meanabreTa winaSe (gagrZeleba) 2008 2007 fizikuri pirebi 495,747 582,991 kerZo kompaniebi 627,049 662,808 saxelmwifo da sabiujeto organizaciebi 70,328 109,677 valdebulebebi meanabreTa winaSe 1,193,124 1,355,476

momxmarebelTa angariSebis dayofa seqtorebis mixedviT Semdegia:

2008 2007 fizikuri pirebi 495,747 582,991 vaWroba da momsaxureba 296,110 354,874 energetika 134,275 78,410 transporti da komunikaciebi 70,806 61,636 samTavrobo 70,328 109,677 mSenebloba da developmenti 40,146 62,953 samompoveblo 16,364 68,407 soflis meurneoba 8,426 260 sxva 60,922 36,268 valdebulebebi meanabreTa winaSe 1,193,124 1,355,476

21. kapitali sawesdebo kapitali

2008 wlis 31 dekembris mdgomareobiT, sawesdebo kapitali moicavda 39,835,619 Cveulebriv aqcias, romelTagan 31,253,283 gamoSvebuli da srulad gadaxdili iyo (2007: 32,835,619 Cveulebrivi aqcia, romelTagan 27,154,918 gamoSvebuli da srulad gadaxdilia). TiToeuli aqcia erTi (1) qarTuli laris nominaluri Rirebulebisaa. 2008 wlis 31 dekembrisaTvis gamoSvebuli da gadauxdeli aqciebi Semdegia: aqciebis

raodenoba aqciebis

raodenoba Cveulebrivi Cveulebrivi

31 dekemberi, 2006 w. 25,202,009 25,202 sawesdebo kapitalis zrda 1,157,407 1,157 sawesdebo kapitalis zrda, romelic warmoiqmneba wilobrivi gadaxdebidan (SeniSvna 26) 145,502 146 sawesdebo kapitalis zrda samomavlo wilobrivi gadaxdebis satrasto miznebisaTvis 650,000 650

31 dekemberi, 2007 w. 27,154,918 27,155

sawesdebo kapitalis zrda 4,089,000 4,089 sawesdebo kapitalis zrda, romelic warmoiqmneba wilobrivi gadaxdebidan (SeniSvna 26) 9,365 9

31 dekemberi, 2008 w. 31,253,283 31,253

jgufis sawesdebo kapitali aqcionerebis mier Setanil iqna qarTul larSi da isini uflebamosilni arian dividendebze qarTul larSi. 2008 wlisaTvis, wminda Semosavali, gankuTvnili bankis Cveulebrivi aqcionerebisaTvis iyo 3,897 lari (2007: 72,484). 2008 wlis 31 dekembris mdgomareobiT, wlis manZilze gamoSvebuli Cveulebrivi aqciis saSualo Sewonili odenoba iyo 30,160,451 (2007: 24,503,722). 2008 wlis 31 dekembris mdgomareobiT, Cveulebrivi aqciebis gazrdilma odenobam Seadgina 30,160,451 (2007: 24,598,722). amgvarad, rogorc sabaziso, ise ganzavebulma Semosavlebma erT aqciaze Seadgina 0.129 lari (2007: lari 2.958 da 2.947 lari, Sesabamisad).



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21. kapitali (gagrZeleba) sawesdebo kapitali (gagrZeleba) 2008 wlis TebervalSi, bankma warmoadgina oTxi milioni axali Cveulebrivi aqcia globaluri sadepozito qviTrebis formiT ("GDRs"), TiToeuli GDR warmoadgenda bankis erT Cveulebriv aqcias. bankma gayida oTxi milioni (4,000,000) axali Cveulebrivi aqcia GDRs-is formiT, erTi GDR - 25 aSS dolarad. ganTavsebidan warmoiSva 100 milioni aSS dolaris an 150,594 laris ekvivalentis mTliani Semosavlebi. wilis SeTavazebis Rirebuleba am garigebidan Seadgenda 357 lars. damatebiTi 89,000 aqcia iqna gamoSvebuli 2008 wels, romelic warmoiSva 2005 wlis èvropeisi~-s SeZenasTan dakavSirebuli xelSekrulebis safuZvelze.

saxazino aqciebi

2008 wlis 31 dekembris mdgomareobiT, 890 laris odenobis saxazino aqcia moicavs bankis aqciebs, romlebic ekuTvnis mis Svilobil kompaniebs (2007: lari 237). saxazino aqciebis Sesyidvebi da gayidvebi ganxorcielda Ria bazarze bankis Svilobili kompaniebis mier: ss `galT end TagarT seqiuritiz~, Sps `galT end TagarT holdingz limiTedi~, Sps `ji-si holdingz~ da ss `sadazRvevo kompania aldagi bi-si-ai~. saxazino aqciebi, romlebic Seadgens 1,128 lars 2008 wlis 31 dekembris mdgomareobiT, (2007: 1,500 lari) inaxeba bankis Semnaxveli momsaxurebis gamwevis -àbakus korporit TrasTi limiTed~-is mier. 2008 wlis 31 dekembriT dasrulebuli wlis ganmavlobaSi, 20 laris nominaluri Rirebulebis 19,933 Cveulebrivi aqcia da 470 laris odenobis damatebiT Setanili kapitali gaica kompensaciis saxiT zeda rgolis xelmZRvanelobis mimarT (2007: 146 lari nominaluri RirebulebiT da 948 laris damatebiT gadaxdili kapitali). dividendebi

dividendebi ar gamocxadebula an ar gadaxdila 2008 da 2007 wlebis ganmavlobaSi. sxva rezervebi

ZiriTadi saSualebebis da sainvesticio

qonebis gadafasebis rezervi

gaunawilebeli mogeba (zarali)

gasayidad arsebul

sainvesticio fasian

qaRaldebze

ucxouri valutis gadayvanis rezervi jami

31 dekemberi, 2006 w. 5,257 – – 5,257 ZiriTadi saSualebebis gadafaseba 70,893 – – 70,893 Senoba-nagebobebis gadafasebis sagadasaxado efeqti (10,634) – – (10,634) gadafasebis rezervis cveTa, wminda (112) – – (112) wminda gaunawilebeli mogeba gasayidad arsebul investiciebze – 3,340 – 3,340 wminda ganawilebuli mogebis gadatana gasayidad arsebul sainvesticio fasian qaRaldebze konsolidirebul mogeba-zaralis angariSgebaSi – (2,481) – (2,481) umciresobis wili ZiriTadi saSualebebis gadafasebaSi (964) – – (964) sakurso sxvaobebi – – 2,055 2,055

31 dekemberi, 2007 w. 64,440 859 2,055 67,354 Senoba nagebobebis gadafaseba (10,455) _ _ (10,455) Senoba-nagebobebis gadafasebis sagadasaxado efeqti 1,659 _ _ 1,659 gadafasebis rezervis cveTa, wminda (1,252) _ _ (1,252)



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wminda gaunawilebeli mogeba gasayidad arsebul investiciebze – (8,157) – (8,157) wminda ganawilebuli mogebis gadatana gasayidad arsebul sainvesticio fasian qaRaldebze konsolidirebul mogeba-zaralis angariSgebaSi – (513) – (513) sakurso sxvaobebi (18) – (22,417) (22,435)

31 dekemberi, 2008 w. 54,374 (7,811) (20,362) 26,201

sxva rezervebis forma da mizani ZiriTadi saSualebebis da sainvesticio qonebis gadafasebis rezervi ZiriTadi saSualebebis da sainvesticio qonebis gadafasebis rezervi gamoiyeneba Senoba nagebobebis da sainvesticio qonebis samarTliani Rirebulebis gazrdis da Semcirebis aRricxvisaTvis, im pirobiT, Tu amgvari Semcireba ukavSirdeba kapitalSi adre asaxuli imave aqtivis zrdas. gaunawilebeli mogeba (zarali) gasayidad arsebul sainvesticio fasian qaRaldebze es rezervi gansazRvravs samarTliani Rirebulebis cvlilebebs gasayidad arsebul investiciebze. ucxouri valutis gadayvanis rezervi ucxouri valutis gadayvanis rezervi gamoiyeneba ucxouri Svilobili kompaniebis finansuri angariSgebis gadayvaniT warmoqmnili sakurso sxvaobebis aRricxvisaTvis. 22. pirobiTi valdebulebebi kanonmdebloba jgufis Cveulebrivi biznes saqmianobisas warmoSobil sasamarTlo procesebTan da saCivrebTan mimarTebaSi xelmZRvanelobas miaCnia, rom amgvari sasamarTlo procesebidan valdebuleba, Tu aseTs adgili eqneba, ar iqoniebs arsebiT uaryofiT gavlenas jgufis finansur mdgomareobaze an samomavlo saqmianobis Sedegebze. pirobiTi finansuri valdebulebebi 2008 da 2007 wlis 31 dekembris mdgomareobiT, jgufis pirobiTi finansuri valdebulebebi moicavs:

2008 2007 kreditTan dakavSirebuli valdebulebebi gamouyenebeli sasesxo saxsrebi 90,023 39,962 akreditivebi 32,547 23,130 garantiebi 304,906 145,627 427,476 208,719 valdebulebebi saoperacio ijaridan ara ugvianes 1 wlisa 5,874 6,200 1 wlis Semdgom, magram ara ugvianes 5 wlisa 12,832 12,232 5 wlis Semdgom 5,993 5,902 24,699 24,334 kapitaluri danaxarjebis valdebulebebi 19,851 2,623 rezervebis gamoklebiT (SeniSvna 17) (4,263) (1,003) akreditivebis da garantiebis uzrunvelyofis saxiT arsebuli fuladi saxsrebis gamoklebiT (SeniSvna 20) (70,441) (26,374)

pirobiTi finansuri valdebulebebi, wminda 397,322 208,299



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22. pirobiTi valdebulebebi (gagrZeleba) pirobiTi finansuri valdebulebebi (gagrZeleba) 2008 wlis 31 dekembris mdgomareobiT, kapitalurma danaxarjebma Seadgina 2,132 laris qonebis, 4,721 laris mowyobilobis da 12,998 laris programuli uzrunvelyofis da sxva aramaterialuri aqtivebis nasyidobis valdebuleba. 2007 wlis 31 dekembris mdgomareobiT, kapitalurma danaxarjebma Seadgina 1,028 laris qonebis, 698 laris mowyobilobis da 897 laris programuli uzrunvelyofis da sxva aramaterialuri aqtivebis nasyidobis valdebuleba. 23. wminda Semosavali gasamrjelodan da sakomisiodan

2008 2007 saangariSsworebo operaciebi 33,659 25,488 garantiebi da akreditivebi 8,625 7,548 fuladi saxsrebiT nawarmoebi operaciebi 6,947 6,079 sabrokero momsaxurebis gasamrjelo 2,626 3,448 sakonsultacio momsaxureba 2,032 215 valutis gacvlis operaciebi 1,766 1,284 sxva 7,848 4,296 Semosavali gasamrjelodan da sakomisiodan 63,503 48,358 sadazRvevo sabrokero momsaxurebis gasamrjelo (5,965) (2,103) saangariSsworebo operaciebi (3,974) (2,692) garantiebi da akreditivebi (2,038) (1,127) valutis gacvlis operaciebi (430) (162) fuladi saxsrebiT nawarmoebi operaciebi (564) (253) sxva (563) (273) gasamrjelo da sakomisio xarji (13,534) (6,610) wminda Semosavali gasamrjelodan da sakomisiodan 49,969 41,748

24. wminda sadazRvevo Semosuloba wminda gamomuSavebuli sadazRvevo premiebi, wminda sadazRvevo moTxovnebi da Sesabamisi wminda sadazRvevo Semosuloba 2008 da 2007 wlebis 31 dekembris mdgomareobiT moicavda:

2008 2007 premia sicocxlis dazRvevis kontraqtebidan 3,456 814 premia zogadi dazRvevis kontraqtebidan, pirdapiri 53,201 35,013 sul premiebi 56,657 35,827 sicocxlis dazRvevis rezervis jamuri cvlileba 86 93 gamoumuSavebeli premiis rezervis jamuri cvlileba (6,311) (10,366) sadazRvevo kontraqtebidan gamomuSavebuli mTliani jamuri premiebi 50,432 25,554 sicocxlis dazRvevis kontraqtebis premiis gadamzRvevis wili (981) (399) zogadi dazRvevis kontraqtebis premiis gadamzRvevis wili (15,271) (12,326) sicocxlis dazRvevis rezervis cvlilebis gadamzRvevis wili (4) (76) zogadi dazRvevis kontraqtebis premiis cvlilebis gadamzRvevis wili 1,735 1,507

sul gadamzRvevebis wili gamomuSavebul jamur premiebSi sadazRvevo kontraqtebTan dakavSirebiT (14,521) (11,294)

wminda sadazRvevo gamomuSavebuli premiebi 35,911 14,260

sicocxlis dazRvevasTan dakavSirebiT dafaruli moTxovnebi (455) (233) zogad dazRvevasTan dakavSirebiT dafaruli moTxovnebi, pirdapiri (30,175) (9,825)



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sul dafaruli sadazRvevo moTxovnebi (30,630) (10,058) gadamzRvevis wili sicocxlesTan dakavSirebul dafarul moTxovnebSi 351 49 gadamzRvevis wili zogadi dazRvevis dafarul moTxovnebSi 5,443 3,076 jamuri cvlileba saerTo sadazRvevo sakontraqto valdebulebebSi (6,053) (6,219) gadamzRvevis wili mTliani sadazRvevo kontraqtebis valdebulebebis cvlilebebSi 3,994 4,353

warmoqmnili wminda sadazRvevo moTxovnebi (26,895) (8,799) wminda sadazRvevo Semosuloba 9,016 5,461

25. xelfasebi da TanamSromelTa sxva Semosavali, zogadi da administraciuli xarjebi

2008 2007 xelfasebi da premiebi (104,039) (64,388) socialuri gadasaxadi (4,728) (11,251) xelfasebi da TanamSromelTa sxva sargebeli (108,767) (75,639) ijara (12,811) (6,173) marketingi da reklama (12,251) (4,767) iuridiuli da sxva profesiuli momsaxureba (6,391) (4,132) komunikacia (6,117) (3,132) SekeTeba da momsaxureba (5,441) (3,033) usafrTxoeba (4,951) (2,432) saoperacio gadasaxadebi (3,496) (1,720) samgzavro xarjebi (2,948) (1,770) dazRveva (2,886) (559) saofise mowyobilobebi (2,813) (2,446) sabanko momsaxureba (2,293) (1,533) warmomadgenlobiTi xarjebi da gasarTobi RonisZiebebi (1,393) (681) jarimebi (745) (900) personalis swavleba da daqiraveba (545) (342) sxva (3,568) (2,544) zogadi da administraciuli xarji (68,649) (36,164)

xelfasebi da premiebi moicavs EECP (bankis aRmasrulebeli pirebis kapitalis kompensaciis gegma) xarjebis 7,820 lars da 8,992 lars 2008 da 2007 wlebSi, romlebic dakavSirebulia jgufSi damtkicebuli wilobrivi gadaxdebis sqemasTan (SeniSvna 26). 26. wilobrivi gadaxdebi àbakus korporit TrasTi limiTedi~ (“administratori”) moqmedebs bankis aRmasrulebeli pirebis kapitalis sakompensacio gegmis (“EECP”) administratoris saxiT. 2007 wlis TebervalSi, 2006 wlis 31 dekembriT dasrulebul welTan dakavSirebiT, bankis sameTvalyureo sabWom gadawyvetileba miiRo, rom administratorisaTvis rekomendacia gaewia bankis 267,550 Cveulebrivi aqciis gacemis Taobaze, SezRuduli GDRs-is formiT, jgufis 23 aRmasrulebeli pirisaTvis, EECP-s Sesabamisad, sami wlis vadiT. jgufi ganixilavs 2006 wlis 2 ivniss 190,000 aqciis gacemis TariRad, SezRuduli GDRs-is formiT, xolo 2007 wlis 16 Tebervals – danarCenili 77,550 Cveulebrivi aqciis gacemis TariRad, SezRuduli GDRs-is formiT. bankis SefasebiT, aqciebis samarTliani Rirebuleba 2007 wlis 16 Tebervals iyo 45.74 qarTuli lari erT aqciaze. 2007 wlis agvistoSi, bankis sameTvalyureo sabWom gadawyvita, bankis EECP administratorisTvis SeeTavazebina bankis sami umaRlesi aRmasrulebeli pirisaTvis (2008 wlis 1 ianvridan 2 umaRlesi aRmasrulebeli pirisaTvis, vinaidan 1 gaTavisuflda 2007 wlis



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26. wilobrivi gadaxdebi (gagrZeleba) 31 dekembramde) bankis aqciebis miniWeba, SezRuduli GDRs-is formiT, aqciebi gadaecema, nawilobrivad gadaecema an saerTod ar gadaecema aRmasruleblebs, SeTavazebis mesame wlisTavze. gadacemis moculoba damokidebulia mxolod kargad gansazRvrul da Sefasebad bazris Sesabamis pirobebis Sesrulebaze. TiToeuli aRmasrulebeli piris mimarT miniWeba moicavs umaRles an wliur grants. umaRlesi granti warmoadgens erTjerad miniWebas da ganxorcielda mxolod 2007 wels. misi moculoba Semoifargleba 2007 wels Sesabamisi aRmasrulebeli piris wliuri ZiriTadi xelfasis 200%-iT. wliuri miniWeba xorcieldeba yovel wels, sami Tanmimdevruli wlis ganmavlobaSi, romlis drosac aRmasrulebeli piri muSaobs bankSi. 2007 wels, misi moculoba SeizRuda Sesabamisi aRmasrulebeli piris wliuri ZiriTadi xelfasis 100%-iT. bankis sameTvalyureo sabWos mier damtkicebul cvlilebebze dayrdnobiT, wliuri miniWebis moculoba 2008 wels SeizRuda 200%-iT. 2008 wlis maisSi, 2007 wlis 31 dekembriT dasrulebul welTan dakavSirebiT, bankis sameTvalyureo sabWom gadawyvita administratorisTvis rekomendacia gaewia bankis 172,000 Cveulebrivi aqciis miniWebis Taobaze SezRuduli GDRs-is formiT, jgufis 22 aRmasrulebeli pirisaTvis, EECP-is Sesabamisad, sami wlis vadiT. jgufi ganixilavs 2008 wlis 21 Tebervals, saqarTvelos bankis 54,000 aqciis gacemis TariRad, SezRuduli GDRs-is formiT, xolo 2008 wlis 6 maiss–bankis danarCeni 118,000 Cveulebrivi aqciis gacemis TariRad, SezRuduli GDRs-is formiT. bankis SefasebiT, aqciebis sakontrolo Rirebuleba 2008 wlis 21 Tebervals iyo 39.72 qarTuli lari erT aqciaze, xolo 2008 wlis 6 maiss – 33.68 lari erT aqciaze. bankis aqiebis fasebis dinamikaze dayrdnobiT, romelic damoukidebeli kosnultantis mier Sefasda 2008 da 2007 wlebisaTvis, bankma wilobrivi kompensaciis wliuri xarji 2008 welTan dakavSirebiT, nulis tolad Seafasa. bankma wilobrivi kompensaciis wliuri xarji 2007 wlis umaRles da wliur miniWebebTan dakavSirebiT, TiToeuli aRmasruleblis 2007 wlis ZiriTadi xelfasis 300%-is odenobiT Seafasa. am sqemasTan dakavSirebuli mTliani xarji Seicavda 3,339 lars 2007 wels. Sefasebis TariRisaTvis miniWebuli aqciebis samarTliani Rirebuleba ganisazRvreba xelmisawvdom sabazro kotirebebze dayrdnobiT. wilobrivi gadaxdebis saSualo Sewonili samarTliani Rirebuleba Sefasebis TariRisaTvis Seadgenda 39.5 qarTul lars erT aqciaze 2008 wels (2007: 28.95 lari). jgufis mTliani wilobrivi gadaxdebis xarji 2008 wlisaTvis Seadgenda 7,820 lars (2007: 8,992). qvemoT mocemulia ZiriTadi wilobrivi gadaxdebis mimoxilva: Cveulebrivi aqciebi 2008 2007 miniWebuli aqciebis raodenoba 29,298 145,502 - maT Soris, aRmasrulebeli xelmZRvaneli pirebisaTvis 9,365 145,502

vadadamdgari aqciebis raodenoba 16,010 145,502 miniWebis dRes saSualo Sewonili Rirebuleba erT aqciaze (lari sruli moculobiT) 41.5 7.52 Rirebuleba miniWebis dRes, jami (lari) 1,214 1,094 wlis ganmavlobaSi asaxuli xarji (lari) (1,017) (1,094)

GDRs 2008 2007 miniWebuli GDRs-is raodenoba 258,139 322,167 - maT Soris, aRmasrulebeli xelmZRvaneli pirebisaTvis 198,139 244,617



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vadadamdgari GDRs-is raodenoba 282,606 - miniWebis dRes saSualo Sewonili Rirebuleba erT aqciaze (lari sruli moculobiT) 32.5 28.95 Rirebuleba miniWebis dRes, jami (lari) 8,391 9,328 wlis ganmavlobaSi asaxuli xarji (lari) (6,803) (7,898)

yvela instrumenti 2008 2007 miniWebuli wilobrivi instrumentebis saerTo raodenoba 287,437 467,669 - maT Soris, aRmasrulebeli xelmZRvaneli pirebisaTvis 207,504 390,119

vadadamdgari wilobrivi instrumentebis saerTo raodenoba 298,615 145,502 miniWebis dRes saSualo Sewonili Rirebuleba erT aqciaze (lari sruli moculobiT) 33.4 22.28 Rirebuleba miniWebis dRes, jami (lari) 9,606 10,422 wlis ganmavlobaSi asaxuli xarji (lari) (7,820) (8,992)

27. riskebis marTva Sesavali riskebi jgufis saqmianobisTvis Tandayolilia, magram riskebis marTva xorcieldeba uwyveti identifikaciis, Sefasebisa da monitoringis procesebiT. riskis marTvas gadamwyveti mniSvneloba aqvs jgufis momgebiani funqcionirebisaTvis da bankis TiToeuli TanamSromeli pasuxismgebelia riskebis gamomJRavnebasa da aRmoCenaze Tavisive saqmianobis farglebSi. jgufis operaciebisaTvis damaxasiaTebeli ZiriTadi riskebia sakredito, likvidobasa da sabazro cvalebadobasTan dakavSirebuli riskebi. sabazro cvalebadobasTan dakavSirebuli riski, Tavis mxriv, iyofa savaWro da arasavaWro riskebad. aseve, damaxasiaTebelia saoperacio riskic. riskebis damoukidebeli kontroli ar iTvaliswinebs iseT biznes riskebs, rogorebicaa garemosTan, teqnologiur da industriul cvlilebebTan dakavSirebuli riskebi. maTi zedamxedveloba xorcieldeba bankis strategiuli dagegmarebis procesis saSualebiT. riskis marTvis struqtura sabolood sameTvalyureo sabWo pasuxismgebelia riskebis gansazRvrasa da kontrolze. sameTvalyureo sabWo sameTvalyureo sabWo pasuxismgebelia riskis mTlian marTvaze da riskis strategiebisa da principebis damtkicebaze. mmarTveli sabWo mmarTveli sabWo pasuxismgebelia riskis mTlian monitoringze jgufis farglebSi. auditis komiteti auditis komiteti srulad aris pasuxismgebeli riskis strategiis SemuSavebasa da ganxorcielebis principebze, struqturaze, meTodebsa da farglebze. is pasuxismgebelia riskis ZiriTad sakiTxebze da marTavs da amowmebs riskTan dakavSirebul Sesabamis gadawyvetilebebs. is aris damoukidebeli organo da uSualod kontroldeba sameTvalyureo sabWos mier.



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27. riskebis marTva (gagrZeleba) Sesavali (gagrZeleba) bankis xazina bankis xazina pasuxismgebelia bankis aqtivebisa da valdebulebebis marTvaze, aseve mis mTlian finansur struqturaze. is aseve upirvelesad aris pasuxismgebeli bankis safinanso da likvidobis riskebze. Sida auditi jgufis farglebSi riskis marTvis procesebi mowmdeba yovel wliurad Sida auditis mier, romelic amowmebs rogorc procedurebis adekvaturobas, ise jgufis procedurebTan Sesabamisobas. Sida auditi ganixilavs xelmZRvanelobasTan yvela Sefasebis Sedegs, angariSebs da rekomendaciebs auditis komitetis mimarT. riskebis Sefasebisa da angariSgebis sistemebi bankis riskebis Sefaseba xorcieldeba im meTodis gamoyenebiT, romelic iTvaliswinebs Cveulebriv viTarebaSi warmoqmnil mosalodnel danakargebsa da gauTvaliswinebel zarals, romelic fasdeba warsulSi warmoSobili zaralis statistikuri monacemebis safuZvelze. modeli iyenebs albaTobas istoriul gamocdilobaze dayrdnobiT, romelic koreqtirebulia ekonomikuri garemos gaTvaliswinebiT. jgufi ganixilavs uares scenarsac, rodesac faqtobrivad adgili aqvs iseT eqstremalur movlenebs, romlebic ar unda damdgariyo. riskebis monitoringi da kontroli upiratesad xorcieldeba bankis mier dadgenili limitebis safuZvelze. aRniSnuli limitebi asaxavs rogorc bankis biznes strategiasa da sabazro pirobebs, aseve bankisaTvis misaRebi riskis dones, SerCeuli dargebis xazgasmiT. garda amisa, banki akontrolebs da afasebs riskis moculobas TiToeuli saxis risksa da saqmianobasTan mimarTebaSi. nebismier saqmianobasTan dakavSirebuli informaciis Semowmeba xdeba analizis, kontrolisa da adreuli riskebis identificirebis mizniT. aRniSnuli informaciis da axsna-ganmartebebis wardgena xdeba mmarTvelTa sabWosaTvis da TiToeuli ganyofilebis xelmZRvanelisaTvis. angariSi moicavs iseT sakiTxebs, rogorebicaa agregirebuli sakredito riski, limitebTan dakavSirebuli gamonaklisebi, likvidobis koeficientebi da riskTan dakavSirebuli cvlilebebi. zeda rgolis xelmZRvaneli personali kvartalurad afasebs sakredito zaralebis rezervis adekvaturobas. kvartalSi erTxel direqtorTa sabWos egzavneba dawvrilebiTi angariSi, romelic moicavs jgufis riskebis Sefasebisa da gansazRvrisaTvis aucilebel informacias.

bankSi TiToeul rgols egzavneba specialuri angariSi, riskebis Sesaxeb detaluri, aucilebeli da ganaxlebuli informaciis xelmisawvdomobis uzrunvelyofis mizniT. yoveldRiurad direqtorTa sabWo da bankis Sesabamisi TanamSromlebi msjeloben sabazro limitebis gamoyenebis, qonebrivi investiciebis da likvidobis, aseve, sxva riskebis Sesaxeb. riskis Semcireba jgufis riskebis marTvis strategiis nawils warmoadgens finansuri instrumentebis gamoyeneba saprocento ganakveTis da valutis kursis cvlilebaTa Sedegad warmoqmnili riskebis, kapitalis riskis, sakredito riskisa da prognozirebadi operaciebis Sedegad warmoqmnili riskebis marTvis mizniT. sakredito riskis Semcirebis mizniT, jgufi aqtiurad iyenebs uzrunvelyofas (ufro detaluri informacia ixileT qvemoT).



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27. riskebis marTva (gagrZeleba) Sesavali (gagrZeleba) Warbi riskis koncentracia riskis koncentracias adgili aqvs maSin, rodesac SeTanxmebuli mxareebi CarTulni arian msgavs biznes saqmianobaSi, saqmianobas ewevian erTsa da imave geografiul regionSi, an aqvT msgavsi ekonomikuri mdgomareoba da ekonomikuri, politikuri da sxva cvlilebebi Tanabar uaryofiT gavlenas axdens saxelSekrulebo valdebulebebis Sesrulebis unarze. koncentracia miuTiTebs imaze, rom jgufi SedarebiT mgrZnobiare iqneba konkretul sferoSi Tu geografiul nawilSi mimdinare cvlilebebis mimarT. Warbi riskis koncentraciis Tavidan acilebis mizniT, jgufis politika da procedurebi moicavs specialur instruqciebs diversificirebul portfelTan dakavSirebiT. identificirebuli sakredito riskis koncentraciis kontroli da marTva Sesabamisad xdeba. sakredito riski

jgufis sakredito riski dgeba jgufis SesaZlo zaralis SemTxvevaSi, Tu es zarali gamowveulia meore mxaris mier xelSekrulebiT nakisri valdebulebebis SeusruleblobiT. jgufi marTavs da akontrolebs sakredito riskebs, im riskebis moculobaze kontrolis dawesebiT, romelTa miRebac surs individualuri SeTanxmebuli mxareebisaTvis, aseve geografiuli da dargobrivi koncentraciisaTvis, amgvari riskebis gavlenis monitoringis meSveobiT.

jgufSi danergilia sakredito xarisxis ganxilvis procedura, raTa droulad moxdes SeTanxmebuli mxareebis kreditunarianobis SesaZlo cvlilebis identificireba. aRniSnuli ganxilva exeba Cveulebriv uzrunvelyofasac. sakredito riskis klasificirebis sistemis gamoyenebiT, dawesebulia limitebi SeTanxmebuli mxarisaTvis, riTac xdeba TiToeuli SeTanxmebuli mxarisaTvis sakredito reitingis miniWeba. sakredito reitingebis gadaxedva regularulad xdeba. sakredito xarisxis ganxilvis procesi banks saSualebas aZlevs Seafasos riskiT gamowveuli potenciuri zarali da miiRos saTanado zomebi.

warmoebuli finansuri instrumentebi warmoebuli finansuri instrumentebidan warmoSobili sakredito riski nebismier dros exeba mxolod pozitiur samarTlian Rirebulebas, rogorc es asaxulia sabalanso angariSgebaSi. sakredito valdebulebebis riski jgufi momxmarebels aZlevs garantias, romlis Tanaxmad, jgufma SesaZloa klientis saxeliT gadaixados Tanxebi. aRniSnuli Tanxebis miReba xdeba momxmarebelTagan akreditivis pirobebis safuZvelze. am SemTxvevaSi, banki dgas sesxebTan dakavSirebuli analogiuri riskebis winaSe da maTi Semcireba xdeba kontrolis identuri procedurebisa da politikis Sesabamisad. qvemoT moyvanilia sabalanso angariSgebis komponentebis maqsimaluri sakredito riski, warmoebuli finansuri instrumentebis CaTvliT. maqsimaluri riski jamurad aris naCvenebi, urTierTCaTvlis da uzrunvelyofis xelSekrulebebidan gamomdinare Semcirebamde.



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27. riskebis marTva (gagrZeleba) sakredito riski (gagrZeleba) sakredito valdebulebebis riski (gagrZeleba)

SeniSvna

mTliani maqsimaluri

riski 2008

mTliani maqsimaluri

riski 2007

fuli da fulis ekvivalentebi (salaroSi fuladi saxsrebis naSTis garda)

7 233,128 312,060

moTxovnebi sakredito dawesebulebebis mimarT 8 99,633 154,560 klientebze gacemuli sesxebi 9 2,039,022 1,675,681 moTxovnebi finansuri ijaridan 10 41,605 46,674 sainvesticio fasiani qaRaldebi:

-gasayidad arsebuli 11 33,737 42,387

-dafarvis vadamde SenarCunebadi 11 22,845 192,464

2,469,970 2,423,826

priobiTi finansuri valdebulebebi 22 397,322 208,299

mTliani sakredito riski 2,867,292 2,632,125

rodesac finansuri instrumenti asaxulia samarTliani RirebulebiT, zemoT naCvenebi Tanxebi warmoadgens mimdinare sakredito risks, Tumca ara im maqsimalur risks, romelic SesaZloa warmoiSvas momavalSi Rirebulebebis cvlilebis gamo. finansuri instrumentis TiToeuli tipisaTvis, maqsimaluri sakredito riskis Taobaze ufro detaluri informacia mocemulia konkretul SeniSvnebSi. uzrunvelyofisa da riskis Semcirebis meTodebis efeqti naCvenebia qvemoT. sakredito xarisxi finansuri aqtivebis tipebis mixedviT finansuri aqtivebis sakredito xarisxis marTva xdeba jgufis Sida sakredito reitingebiT. qvemoT moyvanilia aqtivebis tipebis sakredito xarisxi, sabalanso angariSgebis sesxebTan dakavSirebul muxlebTan mimarTebaSi, jgufis sakredito sistemaze dayrdnobiT.

arc vadagadacilebuli da arc

gaufasurebuli

SeniSvna

maRali reitingi

2008

standartuli

reitingi 2008

arastandartuli reitingi

2008

vadagadacilebuli an

individualurad

gaufasurebuli 2008

jami 2008

moTxovnebi sakredito dawesebulebebis mimarT 8 99,633 – – – 99,633 klientebze gacemuli sesxebi: 9

korporaciuli sesxebi 639,988 112,558 23,428 268,985 1,044,959 samomxmareblo sesxebi 381,299 42,126 11,576 61,196 496,197 ipoTekuri sesxebi 337,445 13,477 1,868 38,816 391,606 mikro sesxebi 129,666 4,894 5,182 11,571 151,313 oqros giravnobiT datvirTuli sesxebi 46,374 – – – 46,374 sxva 713 2,514 9,414 2,533 15,174

1,535,485 175,569 51,468 383,101 2,145,623 moTxovnebi finansuri 10 12,201 2,232 204 29,131 43,768



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ijaridan sainvesticio fasiani qaRaldebi:

gasayidad arsebuli 11 33,737 – – – 33,737 dafarvis vadamde SenarCunebadi 11 22,845 – – – 22,845

56,582 – – – 56,582 sul 1,703,901 177,801 51,672 412,232 2,345,606

arc vadagadacilebuli da arc gaufasurebuli

SeniSvna

maRali reitingi

2007

standartuli

reitingi 2007

arastandartuli reitingi

2007

vadagadacilebuli an

individualurad

gaufasurebuli 2007

sul 2007

moTxovnebi sakredito dawesebulebebis mimarT 8 154,560 – – – 154,560 klientebze gacemuli sesxebi: 9

korporaciuli sesxebi 855,112 32,539 110 48,907 936,668 samomxmareblo sesxebi 242,844 64,561 2,793 20,884 331,082 ipoTekuri sesxebi 224,065 7,486 71 4,775 236,397 mikro-sesxebi 147,052 1,419 59 3,906 152,436 oqros giravnobiT datvirTuli sesxebi 28,158 – – – 28,158 sxva 2,062 15,849 272 1,686 19,869

1,499,293 121,854 3,305 80,158 1,704,610 moTxovnebi finansuri ijaridan 10 6,430 2,865 234 37,961 47,490 sainvesticio fasiani qaRaldebi: 11

gasayidad arsebuli 42,387 – – – 42,387 dafarvis vadamde SenarCunebadi 192,464 – – – 192,464

234,851 – – – 234,851 jami 1,895,134 124,719 3,539 118,119 2,141,511

klientebze gacemuli vadagadacilebuli sesxebi moicavs sesxebs, romelTa vadagadacileba ramdenime dRes Seadgens. qvemoT mocemulia vadagadacilebuli sesxebis analizi vadianobis mixedviT. vadagadacilebuli sesxebis umravlesoba ar miiCneva gaufasurebulad. politikis Sesabamisad, jgufi unda flobdes saTanado da zust riskis reitingebs sakredito portfelTan mimarTebaSi. aRniSnuli moiTxovs Sesabamisi riskebis marTvas da sakredito riskebis Sedarebas yvela saxis saqmianobisaTvis, geografiuli regionebisa Tu produqciisaTvis. SeTanxmebuli mxaris riskis gazomvis miznebisTvis, reitingebis sistema moicavs finansur analizs. Sida reitingebi dayofilia kategoriebad, jgufis sareitingo politikaze dayrdnobiT. riskis reitingebis Sefaseba regularulad xdeba. sakredito riskis Sefasebis politika im finansuri aqtivebisaTvis, romlebic arc vadagadacilebulia da arc individualurad gaufasurebuli, bankis mier ase ganisazRvreba: finansuri aqtivi, romelic arc 30 dReze metad vadagadacilebulia da arc individualurad gaufasurebuli, Sefasebulia maRali reitingis mqoned; finansuri aqtivi, romelic arc vadagadacilebulia da arc gaufasurebuli saangariSgebo TariRisaTvis, magram istoriulad 30 dReze metad vadagadacilebulad miiCneva, Sefasebulia standartuli reitingis mqoned;



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27. riskebis marTva (gagrZeleba) sakredito riski (gagrZeleba) sakredito xarisxi finansuri aqtivebis tipebis mixedviT (gagrZeleba) finansuri aqtivi, romelic arc vadagadacilebulia da arc gaufasurebuli saangariSgebo TariRisaTvis, magram istoriulad 60 dReze metad vadagadacilebulad miiCneva, an Tu msesxebels gaaCnia damatebiTi 60 dReze metad vadagadacilebuli sesxi saangariSgebo TariRisaTvis, Sefasebulia arastandartuli reitingis mqoned. gadavadebuli, magram ara gaufasurebuli sesxebis vadianobis analizi finansuri aqtivebis tipebis mixedviT Semdegia 30 dReze

naklebi 2008

31-dan 60 dRemde 2008

61-dan 90

dRemde 2008

90 dReze meti 2008

jami 2008

momxmareblebze gacemuli sesxebi:

korporaciuli sesxebi 12,107 4,937 6,990 15,118 39,152

mikro-sesxebi 2,751 270 67 196 3,284

samomxmareblo sesxebi 21,375 764 336 2,469 24,944

ipoTeka 6,887 6 – 86 6,979

sxva 256 712 2,160 3,128 6,256

moTxovnebi finansuri ijaridan – 46 – 24,380 24,426

sul 43,376 6,735 9,553 45,377 105,041

30

dReze naklebi 2007

31-dan 60 dRemde 2007

61-dan 90 dRemde

2007

90 dReze meti 2007

jami 2007

valdebulebebi sakredito dawesebulebebis winaSe: – – – 564 564

klientebze gacemuli sesxebi:

korporaciuli sesxebi 22,549 1,774 80 4,371 28,774

mikro-sesxebi 2,175 – – – 2,175

samomxmareblo sesxebi 10,008 58 40 1,180 11,286

ipoTeka 2,640 47 31 – 2,718

sxva 567 616 411 – 1,594

moTxovnebi finansuri ijaridan 720 34,599 17 867 36,203

sul 38,659 37,094 579 6,982 83,314

ixileT SeniSvna 9 ufro detaluri informaciisaTvis klientebze gacemuli sesxebis gaufasurebis zaralis rezervTan dakavSirebiT. finansuri aqtivebis sabalanso Rirebuleba, romlis pirobebic xelaxla SeTanxmebulia winamdebare cxrili gviCvenebs xelaxla SeTanxmebuli finansuri aqtivebis sabalanso Rirebulebas, tipebis mixedviT:

2008 2007 klientebze gacemuli sesxebi:

komerciuli sesxebi 384,404 10,651 mikro-sesxebi 5,952 638 samomxmareblo sesxebi 19,384 3,221



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ipoTeka 6,193 5,625 sxva 8,194 762

moTxovnebi finansuri ijaridan 3,173 _

sul 427,300 20,897 gaufasurebis Sefaseba sesxis gaufasurebis SefasebisaTvis ZiriTadad saWiroa informacia imis Taobaze, aris Tu ara ZiriTadi Tanxa an procenti 150 dReze metad vadagadacilebuli, Tu arsebobs raime saxis cnobili sirTuleebi SeTanxmebuli mxaris fulad nakadebTan mimarTebaSi, Semcirda Tu ara sakredito reitingi an Tu dairRva xelSekrulebis Tavdapirveli pirobebi. gaufasurebis Sefaseba xdeba individualurad Sefasebuli rezervebis an koleqtiurad Sefasebuli rezervebis gaTvaliswinebiT. individualurad Sefasebuli rezervebi jgufi TiToeuli sesxisaTvis individualurad gansazRvravs rezervs. rezervis Tanxis gansazRvrisas mxedvelobaSi miiReba SeTanxmebuli mxaris biznes gegma, misi unari gaumklavdes finansur sirTuleebs aseTis warmoSobis SemTxvevaSi, gakotrebis SemTxvevaSi dagegmili qmedebebi, sxva finansuri saxsrebis arseboba da uzrunvelyofis sarealizacio fasi, aseve, mosalodneli fuladi nakadebis vada. gaufasurebis zaralis Sefaseba xdeba saangariSgebo TariRiT, Tu gauTvaliswinebeli movlenebi sxvagvarad ar moiTxovs. koleqtiurad Sefasebuli rezervebi rezervebis Sefaseba koleqtiurad xdeba im sesxebidan warmoSobili zaralisaTvis, romlebic individualurad ar aris arsebiTi (sakredito baraTebis, ipoTekuri sesxisa da uzrunvelyofis gareSe samomxmareblo sesxebis CaTvliT) da im sesxebisaTvis, romlebic individualurad arsebiTia, magram ar arsebobs individualuri gaufasurebis obieqturi safuZveli. rezervebis Sefaseba xdeba saangariSgebo TariRiT yvela calkeuli portfelisaTvis. koleqtiuri Sefaseba iTvaliswinebs gaufasurebas, romelic warmodgenili unda iyos portfelSi, imisda miuxedavad, arsebobs Tu ara individualuri gaufasurebis obieqturi safuZveli. gaufasurebis zaralis Sefasebisas mxedvelobaSi miiReba: portfelis istoriuli zarali, mimdinare ekonomikuri pirobebi, drois sxvaoba zaralis warmoSobasa da mis identificirebas Soris, individualuri gaufasurebis rezervis da gaufasurebis Semdgomi amoRebis gaTvaliswinebiT. xelmZRvaneloba gansazRvravs aRniSul periods, romelmac SesaZloa erTi weli Seadginos. Semdeg xdeba gaufasurebis rezervis gadaxedva sakredito marTvis samsaxuris mier, bankis zogad politikasTan SesabamisobaSi moyvanis mizniT. finansuri garantiebisa da akreditivebis Sefaseba da rezervis Seqmna xdeba sesxebis analogiurad. jgufis aqtivebisa da valdebulebebis geografiuli koncentracia mocemulia qvemoT:



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27. riskebis marTva (gagrZeleba) sakredito riski (gagrZeleba) koleqtiurad Sefasebuli rezervebi (gagrZeleba)

2008 2007

saqarTvelo OECD

dsT da sxva

ucxouri qveynebi jami

saqarTvelo OECD

dsT da sxva

ucxouri qveynebi jami

aqtivebi: fuli da fulis ekvivalentebi 153,236 208,997 35,358 397,591 105,393 207,049 93,328 405,770 moTxovnebi

sakredito dawesebulebebis mimarT 64,081 3,414 32,138 99,633 140,852 609 13,099 154,560

klientebze gacemuli sesxebi 2,008,652 _ 30,370 2,039,022 1,452,649 – 223,032 1,675,681 moTxovnebi finansuri ijaridan 37,405 _ 4,200 41,605 46,674 – – 46,674 sainvesticio fasiani qaRaldebi - gasayidad arsebuli 33,420 201 116 33,737 6,234 231 35,922 42,387 - dafarvis vadamde SenarCunebadi 22,845 _ _ 22,845 184,201 – 8,263 192,464 yvela xva aqtivebi 586,214 1,210 37,050 624,474 396,938 17,281 21,856 436,075 2,905,853 213,822 139,232 3,258,907 2,332,941 225,170 395,500 2,953,611 valdebulebebi: valdebulebebi

sakredito dawesebulebebis winaSe 129,091 1,080,179 7,452 1,216,722 104,731 791,054 6,010 901,795

valdebulebebi meanabreTa winaSe 1,152,244 2,477 38,403 1,193,124 1,085,505 – 269,971 1,355,476 yvela sxva valdebuleba 118,978 7,216 4,018 130,212 116,455 6,673 15,221 138,349 1,400,313 1,089,872 49,873 2,540,058 1,306,691 797,727 291,202 2,395,620 wminda sabalanso Rirebuleba 1,505,540 (876,050) 89,359 718,849 1,026,250 (572,557) 104,298 557,991 likvidobis riski da dafinansebis marTva likvidobis riski warmoadgens risks imisa, rom jgufi ver dafaravs mis finansur valdebulebebs vadis dadgomisas, Cveulebriv Tu rTul viTarebaSi. aRniSnuli riskis Semcirebis mizniT, xelmZRvanelobas mis ZiriTad depozitebTan erTad gaaCnia sxvadasxva dafinansebis wyaro. jgufi axdens aqtivebis likvidobasTan mimarTebaSi marTvas da samomavlo fuladi nakadebis da likvidobis yoveldRiur monitorings. aRniSnuli moicavs mosalodneli fuladi nakadebis Sefasebas da imgvari uzrunvelyofis arsebobas, romlis gamoyenebac, saWiroebis SemTxvevaSi SesaZlebeli iqneba damatebiTi dafinansebisaTvis. jgufi flobs bazarze farTod kotirebuli sxvadasxva aqtivebis portfels, romelTa likvidaciac martivad aris SesaZlebeli fuladi nakadebis miznebisaTvis gauTvaliswinebel SemTxvevebSi. likvidobis miznebisTvis, jgufs SeuZlia kreditis gamoyeneba. damatebiT, jgufi flobs imgvar depozits (savaldebulo rezervi) seb-Si, romlis moculoba damokidebulia mozidul saxsrebze.



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27. riskebis marTva (gagrZeleba) likvidobis riski da dafinansebis marTva (gagrZeleba) jgufis mier likvidobis donis Sefaseba da marTva xdeba bankisadmi dawesebuli likdvidobis koeficientis safuZvelze. 31 dekembris mdgomareobiT, aRniSnuli koeficienti Semdegia: 2008 2007, %

wlis ganmavlobaSi likvidobis saSualo koeficienti 31.4% 47.5%

likvidobis maqsimaluri koeficienti 48.6% 92.7%

likvidobis minimaluri koeficienti 20.8% 19.5% likvidobis saSualo koeficienti gamoiTvleba ss. saqarTvelos bankisaTvis, rogorc dRiuri likvidobis koeficientis wliuri saSualo ariTmetikuli, seb-is mier gansazrvruli likviduri aqtivebisa da valdebulebebis procentis saxiT: likviduri aqtivebi moicavs fulsa da fulis ekvivalentebs da sxva aqtivebs, romlebic dauyovnebliv konvertirdebian fulad saxsrebSi. es aqtivebi iTvaliswinebs saqarTvelos mTavrobis mier gamoSvebul sainvesticio fasian qaRaldebs, aseve `seb~-is mier gacemul sadepozito serTifikatebs (likvidobis saSualo koeficientis daangariSebisas gamoyenebuli valdebulebebis 10%-mde), sakredito dawesebulebebis mimarT moTxovnebis gareSe, bankTaSoris depozitebis, da/an mTavrobebis da ara-OECD qveynebis centraluri bankebis sasesxo fasiani qaRaldebis, dayadaRebul nostro angariSebze arsebuli Tanxebis, gaufasurebuli bankTaSoris depozitebis, `seb~-Tan savaldebulo rezervze arsebuli Tanxebis garda, romlebic dagiravebulia `seb~-idan miRebuli sesxebis gamo. valdebulebebi - moicavs saerTo valdebulebebis Tanxas da garebalansur valdebulebebs, romlebic ar moicavs subordinirebul sesxebs. im valdebulebebs, romlebic dafarul unda iqnas angariSgebis TariRidan eqvsi Tvis vadaSi, finansur garantiebs da akreditivebs, romlebic srulad aris uzrunvelyofili fuladi saxsrebiT bankSi, ucxour valutaSi ganxorcielebuli operaciebidan gamomdinare valdebulebebs. likvidobis koeficientis maqsimaluri da minimaluri ganakveTebi aRebulia saTanado saangariSgebo wlebis istoriuli monacemebidan.

qvemoT mocemulia finansuri valdebulebebis vadianobis parametrebi 2008 wlis 31 dekembris mdgomareobiT, sakontraqto aradiskontirebuli dafarvebis valdebulebaze dayrdnobiT. dafarvebisaTvis, romlebic eqvemdebareba Setyobinebas, moiazreba, rom Setyobineba myisierad moxda. Tumca, banki elis, rom meanabreTa umetesi nawili ar moiTxovs dafarvas yvelaze adreuli SesaZlo TariRiT da cxrili ar asaxavs mosalodnel fulad nakadebs, rogorc es naCvenebia bankis depozitis momsaxurebis istoriaSi.

finansuri vakdebulebebi 2008 wlis 31 dekembris mdgomareobiT

3 Tveze naklebi

3-dan 12 Tvemde

1-dan 5 wlamde

5 wlis ganmavlobaSi sul

valdebulebebi sakredito dawesebulebebis winaSe 291,471 131,625 922,928 259,148 1,605,172 valdebulebebi meanabreTa winaSe 869,050 266,412 74,947 4,712 1,215,121 gamoSvebuli sasesxo fasiani qaRaldebi da sxva valdebulebebi 1,373 90 5 – 1,468

mTliani ara-diskontirebuli finansuri valdebulebebi 1,161,894 398,127 997,880 263,860 2,821,761



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27. riskebis marTva (gagrZeleba) likvidobis riski da dafinansebis marTva (gagrZeleba) finansuri valdebulebebi 2007 wlis 31 dekembris mdgomareobiT

3 Tveze naklebi

3-dan 12 Tvemde

1-dan 5 wlamde

5 wlis ganmavlobaSi jami

valdebulebebi sakredito dawesebulebebis winaSe 128,421 192,214 679,129 201,732 1,201,496 valdebulebebi meanabreTa winaSe 1,006,758 302,902 77,374 3,785 1,390,819 gamoSvebuli sasesxo fasiani qaRaldebi da sxva valdebulebebi 5,130 4,153 4,220 149 13,652

mTliani ara-diskontirebuli finansuri valdebulebebi 1,140,309 499,269 760,723 205,666 2,605,967

winamdebare cxrilSi mocemulia jgufis pirobiTi finansuri valdebulebebis sakontraqto vadebi:

3 Tveze naklebi

3-dan 12 Tvemde

1-dan 5 wlamde

5 wlis ganmavlobaSi jami

2008 187,311 94,245 166,843 23,627 472,026

2007 85,305 76,578 55,364 18,429 235,676 jgufi ar elis, rom yvela pirobiTi valdebuleba iqneba dafaruli vadis amowurvamde. vadianobis analizi ar asaxavs mimdinare angariSebis istoriul stabilurobas. istoriulad, maTi likvidacia ufro grZelvadian periodSi moxda, vidre es naCvenebia cxrilebSi zemoT. aRniSnuli naSTebi CarTulia 3 Tveze naklebi vadis mqone valdebulebebSi. meanabreTa winaSe valdebulebebSi CarTulia fizikuri pirebis vadiani depozitebi. saqarTvelos kanonmdeblobis Sesabamisad, bankma amgvari depoziti unda dafaros depozitoris moTxovnisas. ixileT SeniSvna 20.

sabazro riski sabazro riski warmoiSoba finansuri instrumentis samarTliani Rirebulebis an samomavlo fuladi nakadebis cvlilebis Sedegad, rac gamowveulia saprocento ganakveTebis, savaluto kursis da kapitalis fasTa ryeviT. jgufi sabazro risks yofs savaWro an arasavaWro portfelebTan mimarTebaSi. maTi marTva da monitoringi xdeba mgrZnobelobis analizis gamoyenebiT. ucxouri valutis koncentraciis garda, jgufs ar gaaCnia sabazro rikis mniSvnelovani koncentracia. savaluto riski savaluto riski aris finansuri instrumentis samarTliani Rirebulebis meryeobis riski, savaluto gacvliTi kursis cvlilebis gamo. winamdebare cxrilSi aRwerilia saprocento ganakveTebis gonivruli SesaZlo cvlilebebis mgrZnobeloba, maSin, rodesac yvela sxva komponenti ucvlelia, jgufis mogeba-zaralis angariSgebasTan mimarTebaSi.



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27. riskebis marTva (gagrZeleba) sabazro riski (gagrZeleba) savaluto riski (gagrZeleba) mogeba-zaralis angariSgebis mgrZnobeloba warmoadgens saprocento ganakveTebis savaraudo cvlilebebis gavlenas erTi wlis wminda saprocento Semosavalze, cvalebadi ganakveTis mqone arasavaWro finansur aqtivebsa da valdebulebebze dayrdnobiT, 2008 wlis 31 dekembris mdgomareobiT. kapitalis mgrZnobeloba gamoiTvleba fiqsirebuli ganakveTis mqone gasayidad arsebuli finansuri aqtivebis gadafasebiT 2008 wlis 31 dekembris mdgomareobiT, saprocento ganakveTebis savaraudo cvlilebebis gavlenis gamosavlenad, im daSvebiT, rom wrfivi paralelurad Seicvleba. 2008 da 2007 wlebSi, mgrZnobelobis analizma ar gamoavlina mniSvnelovani potenciuri gavlena jgufis kapitalze.

valuta

sabaziso punqtis zrda 2008

wminda saprocento Semosavlis

mgrZnobeloba 2008

kapitalis mgrZnobeloba

2008 grivna 0.75% _ 72 evro 1.50% 79 – aSS dolari 0.55% 3,434 –

valuta

sabaziso punqtis kleba 2008

wminda saprocento Semosavlis mgrnobeloba

2008


2008 grivna -1.25% _ (121) evro -1.50% (79) – aSS dolari -0.55% (3,434) –

valuta

sabaziso punqtis zrda 2007

wminda saprocento Semosavlis

mgrZnobeloba 2007


2007 grivna 0.75% – 267 evro 0.75% (71) – aSS dolari 0.75% (3,097) –

valuta

sabaziso punqtis kleba 2007

wminda saprocento Semosavlis mgrnobeloba

2007


2007 grivna -1.25% – (445) evro -1.50% 142 – aSS dolari -1.25% 5,393 –

savaluto riski aris finansuri instrumentis Rirebulebis meryeobis riski, savaluto gacvliTi kursis cvlilebebis gamo. mmarTvelma sabWom daawesa limitebi ganTavsebul saxsrebze valutebis mixedviT, seb-is instruqciebze dayrdnobiT, xolo aRniSnulis monitoringi yoveldRiurad xorcieldeba. winamdebare cxrilSi mocemulia jgufis arasavaWro fuladi aqtivebi da valdebulebebi da dagegmili fuladi nakadebi, ZiriTad valutebSi, 2008 wlis 31 dekembris mdgomareobiT. cxrilSi gaangariSebulia valutebis gonivruli SesaZlo dinamikis efeqti larTan mimarTebaSi, maSin rodesac mogeba-zaralis angariSgebis yvela sxva komponenti ucvleli rCeba (valutisadmi mgrZnobiare arasavaWro fuladi aqtivebisa da valdebulebebis samarTliani Rirebulebis gamo). efeqti kapitalze ar gansxvavdeba efeqtisagan mogeba-



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27. riskebis marTva (gagrZeleba) sabazro riski (gagrZeleba) savaluto riski (gagrZeleba) zaralis angariSgebaze. uaryofiTi Tanxebi cxrilSi asaxavs potenciur wminda klebas kapitalsa Tu mogeba-zaralis angariSgebaSi, maSin rodesac dadebiTi Tanxebi asaxavs potenciur wminda matebas.

valuta

cvlileba saprocento ganakveTSi

%-Si 2008

zemoqmedeba Semosavalze dabegvramde

2008

zemoqmedeba kapitalze

2008

cvlileba saprocento ganakveTSi

%-Si 2007

zemoqmedeba Semosavalze dabegvramde

2007


2007 evro 14.9% (832) _ 4.6% 104 – funti 24.9% 17 _ 5.0% (137) – rubli 0.3% (6) _ 0.1% 24 – grivna 2.8% 8 _ 0.7% (38) – aSS dol.

9.2% (1,216) _ 3.5% (2,450) –

winaswari gadaxdebis riski winaswari gadaxdebis riski warmoadgens jgufis finansuri zaralis risks, rodesac jgufis klientebi an kontragentebi ixdian, an Txouloben gadaxdas mosalodnel periodze adre an gvian, magaliTad, fiqsirebuli ganakveTis ipoTeka saprocento ganakveTebis Semcirebis SemTxvevaSi. jgufi iyenebs regresiis modelebs, raTa dagegmos saavanso gadaxdis cvalebadi doneebis zemoqmedeba mis wminda saprocento Semosavalze. modeli ganasxvavebs gadaxdis sxvadasxva mizezebs (mag. Tanxebis ganawileba, dafinanseba da ganmeorebiT molaparakeba) da iTvaliswinebs nebismieri saavanso gadaxdis jarimebis zemoqmedebas. modeli Semowmebulia faqtiur SedegebTan mimarTebaSi. erTi wlisTvis mogebaze (zaralze) zemoqmedeba, gadasaxadi daqviTvamde, aseve kapitalze zemoqmedeba Semdegia:

zemoqmedeba wminda

saprocento Semosavalze


2008 (34,546)

2007 (36,527) –

saoperacio riski saoperacio riskidan warmoSobili zarali gamomdinareobs sistemebis mwyobridan gamosvlidan, meqanikuri Secdomebidan, TaRliTobidan Tu sxva gareSe faqtorebidan. saTanado kontrolis ararsebobis SemTxvevaSi, saoperacio riskma SesaZloa uaryofiTi gavlena iqonios reputaciaze, gamoiwvios iuridiuli sanqciebi an finansuri zarali. bankis mier yvela saoperacio riskis aRmofxvra ar iqneba SesaZlebeli, Tumca efeqturi iqneba, Tu banki marTavs riskebs kontrolis sistemisa da potenciuri riskebis monitoringisa da reagirebis meSveobiT. kontrolis sistema Sida auditis gamoyenebasTan erTad unda moicavdes movaleobaTa saTanadod ganawilebas, xelmisawvdomobis, avtorizaciisa da Sejerebis procedurebs, TanamSromelTa swavlebisa da Sefasebis procesebs.



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27. riskebis marTva (gagrZeleba) saoperacio garemo rogorc ganviTarebad bazars, saqarTvelos ar gaaCnia Zlier ganviTarebuli biznesisa da maregulirebeli infrastruqtura, romelic, rogorc wesi, axasiaTebs ufro momwifebul sabazro ekonomikas. saqarTveloSi operireba dakavSirebulia iseT riskebTan, romlebic, rogorc wesi, ar arsebobs ganviTarebul bazrebze (im riskis CaTvliT, rom lari ar warmoadgens Tavisuflad konvertirebad valutas qveynis gareT, aseve mxedvelobaSia misaRebi ganuviTarebeli sasesxo da kapitalis bazrebi). bolo ramdenime wlis ganmavlobaSi, saqarTvelos mTavrobam mniSvnelovani nabijebi gadadga sabanko, iuridiuli, sagadasaxado da mareuliebeli sistemebis CamoyalibebisaTvis saWiro reformebTan mimarTebaSi. aRniSnuli gulisxmobs sakanonmdeblo siaxleebs (axali sagadasaxado kodeqsi da saproceso kanonmdebloba). xelmZRvanelobis azriT, aRniSnuli nabijebi xels uwyobs saqarTveloSi biznes riskebis Semcirebas. aRniSnuli tendencia miznad isaxavs arsebuli biznes garemos gaumjobesebas. saqarTvelos ekonomikis samomavlo stabiluroba mniSvnelovnad aris damokidebuli zemoTxsenebul reformebze da saqarTvelos mTavrobis mier gatarebuli finansuri Tu ekonomikuri zomebis efeqturobaze. Tumca, saqarTvelos ekonomika mgrZnobiarea msoflioSi sabazro da ekonomikuri pirobebis gauaresebis mimarT. wlis ganmavlobaSi adgili hqonda rig movlenebs, romlebmac gavlena iqonies bankis operaciebze – 2008 wlis samxedro konfliqti, romelSic Cabmulni iyvnen saqarTvelo, ruseTis federacia da samxreT oseTi, aseve finansuri krizisi, romelmac msoflio ekonomikaze mniSvnelovnad uaryofiTi gavlena iqonia 2008 wlis bolo kvartlidan. imis miuxedavad, rom jgufs ar miadga pirdapiri ziani samxedro konfliqtis dros, am ukanasknelma mniSvnelovnad daazarala saqarTvelos ekonomika da gamoiwvia Fitch-is da S&P-s mier qveynisTvis miniWebuli reitingis Semcireba. mimdinare globalurma finansurma krizisma da samxedro konfliqtma gamoiwvia kapitalis bazrebis arastabiluroba, sabanko seqtorSi likvidobis donis Semcireba da sakredito pirobebis gauareseba saqarTveloSi. saqarTvelos mTavrobam warmoadgina rigi zomebisa, romlebic mimarTulia kreditunarianobisa da likvidobis donis SenarCunebisken, aseve saqarTveloSi bankebisa da kompaniebisaTvis ucxouri sesxebis refinansirebis xelSewyobisken. Tumca xelmZRvanelobas miaCnia, rom is Rebulobs saTanado zomebs mimdinare pirobebSi bankis saqmianobis mdgradi ganviTarebis xelSewyobisaTvis, moulodnelma samomavlo negatiurma cvlilebebma zemoTaRniSnul aspeqtebTan mimarTebaSi, SesaZloa uaryofiTi gavlena iqonios bankis Sedegebze da finansur mdgomareobaze iseTi saxiT, romlis gansazRvrac amJamad ver xerxdeba. 28. finansuri instrumentebis samarTliani Rirebuleba winamdebare cxrilSi mocemulia bankis finansur angariSgebaSi asaxuli finansuri instrumentebis SedarebiTi analizi sabalanso Rirebulebebisa da samarTliani Rirebulebebis mixedviT. cxrili ar asaxavs arafinansuri aqtivebisa da arafinansuri valdebulebebis samarTlian Rirebulebas. sabalanso

Rirebuleba 2008

samarTliani Rirebuleba

2008 uRiarebeli zarali 2008


2007

samarTliani Rirebuleba

2007 uRiarebeli zarali 2007

finansuri aqtivebi

fuli da fulis ekvivalentebi 397,591 397,591 – 405,770 405,770 – moTxovnebi sakredito dawesebulebebis mimarT 99,633 99,633 – 154,560 154,560 – klientebze gacemuli sesxebi 2,039,022 1,991,449 (47,573) 1,675,681 1,675,681 – moTxovnebi finansuri ijaridan 41,605 41,605 – 46,674 46,674 –



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sainvesticio fasiani qaRaldebi - gasayidad arsebuli 33,737 33,737 – 42,387 42,387 – - dafarvis vadamde SenarCunebadi 22,845 22,845 – 192,464 191,572 (892) finansuri valdebulebebi valdebulebebi sakredito dawesebulebebis mimarT 1,216,722 1,216,722 – 901,795 901,795 – valdebulebebi sakredito dawesebulebebis mimarT 1,193,124 1,201,746 (8,622) 1,355,476 1,355,476 – gamoSvebuli sasesxo fasiani qaRaldebi 5 5 – 4,993 4,993 –

gaunawilebeli samarTliani Rirebulebis mTliani uRiarebeli cvlileba (56,195) (892)

qvemoT aRwerilia im finansuri instrumentebis samarTliani Rirebulebis gansazRvrisaTvis gamoyenebuli meTodologia da daSvebebi, romlebic finansur angariSgebaSi ar aris aRricxuli samarTliani RirebulebiT. aqtivebi, romelTa samarTliani Rirebuleba uaxlovdeba maT sabalanso Rirebulebas likviduri an moklevadiani (sam Tveze naklebi) finansuri aqtivebisa da finansuri valdebulebebisaTvis miiCneva, rom maTi sabalanso Rirebuleba uaxlovdeba samarTlian Rirebulebas. aRniSnuli daSveba aseve ZalaSia moTxovnamde depozitebisaTvis, Semnaxveli angariSebisaTvis konkretuli vadis gareSe da cvladi ganakveTis mqone finansuri instrumentebisaTvis. fiqsirebuli ganakveTis mqone finansuri instrumentebi amortizebuli RirebulebiT asaxuli, fiqsirebuli ganakveTis mqone finansuri aqtivebisa da valdebulebebis samarTliani Rirebuleba gamoiTvleba Tavdapirveli aRiarebisas analogiuri finansuri instrumentebis sabazro saprocento ganakveTebis SedarebiT maT mimdinare sabazro saprocento ganakveTebTan. fiqsirebuli saprocento ganakveTis mqone depozitebis savaraudo samarTliani Rirebuleba efuZneba diskontirebul fulad nakadebs, aqtiuri fuladi bazris saprocento ganakveTebis gamoyenebiT sesxebisaTvis, romelTac gaaCniaT analogiuri sakredito riskebi da vada. kotirebuli sasesxo fasiani qaRaldebisaTvis, samarTliani Rirebulebis gaangariSeba xdeba kotirebuli sabazro fasdadebiT. im gamoSvebuli TamasuqebisaTvis, romelTaTvisac ar arsebobs kotirebuli sabazro fasi, gamoiyeneba diskontirebuli fuladi nakadebis meTodi, mimdinare saprocento ganakveTis wrfivze dayrdnobiT, romelic miesadageba narCen vadas. winamdebare cxrilSi naCvenebia samarTliani RirebulebiT aRricxuli im finansuri instrumentebis analizi, romelTa samarTliani Rirebuleba efuZneba kotirebul sabazro fass da romelTa samarTliani Rirebuleba efuZneba Sefasebis modelebs sabazro da arasabazro monacemebze dayrdnobiT.

kotirebuli sabazro fasi 2008

Sefasebis meTodi – sabazro monacemebi

2008

Sefasebis meTodi –

arasabazro monacemebi

2008 jami 2008

finansuri aqtivebi

sainvesticio fasiani qaRaldebi – gasayidad arsebuli 17,644 16,093 – 33,737



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sxva aqtivebi – sakuTari savaWro fasiani qaRaldebi 92 – – 92

17,736 16,093 – 33,829

kotirebuli sabazro fasi

2007

Sefasebis meTodi – sabazro monacemebi

2007

Sefasebis meTodi – arasabazro monacemebi

2007 jami 2007

finansuri aqtivebi

sainvesticio fasiani qaRaldebi – gasayidad arsebuli 36,770 5,617 – 42,387

sxva aqtivebi – sakuTari savaWro fasiani qaRaldebi 6,342 – – 6,342

43,112 5,617 – 48,729

29. finansuri aqtivebisa da valdebulebebis vadianobis analizi qvemoT mocemuli cxrili gviCvenebs finansuri aqtivebisa da valdebulebebis analizs, imis mixedviT, Tu rodis aris mosalodneli maTi amoReba an dafarva. jgufis sakontraqto ara-diskontirebul sagadasaxado valdebulebebTan dakavSirebiT, ixileT SeniSvna 27 „riskebis marTva“. 2008 2007

erTi wlis ganmavlobaSi

erT welze meti sul

erTi wlis ganmavloba

Si

erT welze meti sul

finansuri aqtivebi

fuli da fulis ekvivalentebi 397,591 – 397,591 405,770 – 405,770 moTxovnebi sakredito dawesebulebebis mimarT

87,205 12,428 99,633 153,893 667 154,560

klientebze gacemuli sesxebi 897,167 1,141,855 2,039,022 929,246 746,435 1,675,681

moTxovnebi finansuri ijaridan 33,375 8,230 41,605 31,225 15,449 46,674

sainvesticio fasiani qaRaldebi

- gasayidad arsebuli 33,737 – 33,737 7,787 34,600 42,387

- dafarvis vadamde SenarCunebadi 22,845 – 22,845 176,466 15,998 192,464

sul 1,471,920 1,162,513 2,634,433 1,704,387 813,149 2,517,536

finansuri valdebulebebi valdebulebebi sakredito dawesebulebebis winaSe 402,094 814,628 1,216,722 146,815 754,980 901,795

valdebulebebi meanabreTa winaSe 1,124,598 68,526 1,193,124 1,280,911 74,565 1,355,476 gamoSvebuli sasesxo fasiani qaRaldebi da sxva 1,463 5 1,468 9,283 4,369 13,652

sul 1,528,155 883,159 2,411,314 1,437,009 833,914 2,270,923

wminda (56,235) 279,354 223,119 267,378 (20,765) 246,613

jgufis mier valdebulebebis vadis dadgomisas dafarvis unari damokidebulia aqtivebis ekvivalenturi odenobis realizaciis SesaZleblobaze. saqarTvelos bazarze mravali moklevadiani sesxi gaica vadis dadgomisas maTi ganaxlebis varaudiT. Sesabamisad, aqtivebis saboloo vada SesaZloa gansxvavdebodes zemoaRniSnuli analizisagan. garda amisa, aradiskontirebuli finansuri valdebulebebis analizi ar asaxavs mimdinare angariSebis istoriul stabilurobas. maTi likvidacia istoriulad ufro grZelvadian



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29. finansuri aqtivebisa da valdebulebebis vadianobis analizi (gagrZeleba) periodSi moxda, vidre es naCvenebia cxrilSi zemoT. es naSTebi Sesulia Tveze nakleb vadaSi gadasaxdel TanxebSi zemoT. jgufis likvidobis ZiriTadi wyaroebia:

• depozitebi;

• gacemuli sesxi;

• fasiani qaRaldebis gayidviT miRebuli Semosavali;

• bankTaSoris sadepozito xelSekrulebebi;

• sesxis ZiriTadi Tanxis dafarva;

• saprocento mogeba; da

• sagadasaxado da sakomisio Semosavali. 2008 wlis 31 dekembris mdgomareobiT, depozitebma Seadgina 1,193,124 lari (2007: 1,355,476 lari) da warmoadgina jgufis mTliani valdebulebebis 47% (2007: 57%). amgvari sesxebi kvlavac uzrunvelyofs jgufis dafinansebis umetes nawils, rogorc stabiluri dafinansebis wyaro. 2008 wlis 31 dekembris mdgomareobiT, valdebulebebi sxva sakredito dawesebulebebis winaSe Seadgens 1,216,722 lars (2006: 901,795 lari) da warmoadgens mTliani valdebulebebis 48% (2007: 38%). xelmZRvanelobis azriT, likvidoba sakmarisia jgufis mimdinare moTxovnebis dasakmayofileblad. 30. dakavSirebul mxareTa ganmartebiTi SeniSvnebi bass 24-is “dakavSirebul mxareTa ganmartebiTi SeniSvnebi” Sesabamisad, mxareebi dakavSirebulad moiazrebian, Tu erT mxares Seswevs unari gaakontrolos meore mxare an gavlena iqonios meore mxareze finansuri Tu saoperaco gadawyvetilebebis miRebasTan mimarTebaSi. dakavSirebul mxareTa urTierTobis gansazRvrisas, yuradReba eqceva ara mxolod iuridiul formas, aramed urTierTobis Sinaarssac. dakavSirebuli mxareebi SesaZloa awarmoebdnen operaciebs, romlebsac mxareebi Cveulebriv ar awarmoeben da maT Soris operaciebis pirobebi da Tanxebi SesaZloa gansxvavdebodes Cveulebriv mxareebs Soris arsebuli operaciebisgan. dakavSirebul mxareTa operaciebis dinamika, wlis bolos dasafari naSTebi da wlis Semosavali da xarji Semdegia: 2008 2007

mSobeli kompania

mokavSire

sawarmoebi

zeda rgolis

mmarTveli personali

mSobeli kompania

mokavSire

sawarmoebi

zeda rgolis

mmarTveli personali

sesxebi 1 ianvars, jamuri – 13,274 510 – 6,010 312

wlis manZilze gamoSvebuli sesxebi 1,339 12,085 8,229 – 14,237 507

sesxis dafarva wlis manZilze (1,074) (9,709) (3,375) – (6,649) (299)

sxva operaciebi – 5,994 208 – – –

sesxebi 31 dekembers, jamuri 265 21,644 5,572 – 13,598 520

gamoklebuli: gaufasurebis rezervi 31 dekembrisaTvis (3,181) (1,064) – (324) (10)

sesxebi 31 dekembers, wminda 265 18,463 4,508 – 13,274 510

saprocento Semosavali sesxebze – 2,125 468 – 1,102 58

sesxis gaufasurebis danaricxi – 3,099 120 – 139 4



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2008 2007

mSobeli kompania

mokavSire

sawarmoebi

zeda rgolis

mmarTveli personali

mSobeli kompania

mokavSire

sawarmoebi

zeda rgolis

mmarTveli personali

depozitebi 1 ianvrisTvis 12,733 4,485 626 11,281 2,944 7,252 wlis manZilze miRebuli depozitebi – 79,356 53,081 1,452 95,488 12,038 wlis manZilze gadaxdili depozitebi – (83,638) (35,450) – (93,947) (18,664)

sxva operaciebi – (26) 67 – – –

depozitebi 31 dekembrisTvis 12,733 177 18,324 12,733 4,485 626 mimdinare angariSebi 31 dekembrisTvis saprocento xarji depozitebze – 2 14 746 178 97 sxva Semosavali 767 _ 32 – – 852 zeda rgolis xelmZRvaneli pirebis anazRaureba moicavs: 2008 2007

xelfasebi da sxva anazRaurebebi 9,975 16,104 - maT Soris, gaTavisuflebis kompensacia 10 4,876

wilis Sesabamisi gadaxdebi 7,820 8,992 - maT Soris, gaTavisuflebiskompensacia – 1,944

socialuri gadasaxadi 94 4,124

personalis daqiravebis xarji 28 20

zeda rgolis xelmZRvaneli pirebis anazRaureba sul 17,917 29,240

zeda rgolis xelmZRvaneli pirebis anazRaureba 2008 wlis 31 dekembris mdgomareobiT iyo 105 (2007: 70). 31. kapitalis adekvaturoba jgufi marTavs kapitals biznesTan dakavSirebuli riskebis Semcirebis mizniT. jgufis kapitalis adekvaturobis Semowmeba xdeba sxvadasxva meTodiT, maT Soris erovnuli bankis mier dadgenili koeficientebiT da Basel Capital Accord 1988. gasul wels, banki da jgufi mTlianad SesabamisobaSi iyo kapitalis adekvaturobis dadgenil moTxovnebTan. jgufis kapitalis marTvis ZiriTadi mizania, kapitalis adekvaturobis gare moTxovnebTan bankis Sesabamisobis uzrunvelyofa da maRali sakredito reitingisa da jansaRi kapitalis ganakveTebis SenarCuneba, rac uzrunvelyofs biznesisa da aqcionerTa warmatebas. jgufi marTavs kapitalis struqturas da Seaqvs Sesworebebi ekonomikuri pirobebisa da misi saqmianobis risk faqtorebis gaTvaliswinebiT. kapitalis struqturis SenarCunebis, an koreqtirebis mizniT, jgufma SesaZloa Secvalos aqcionerebisaTvis gadaxdili dividendebis moculoba, ukan daubrunos kapitali aqcionerebs an gazardos kapitali aqciebis gamoSvebis gziT. wina wlebSi jgufis miznebi, strategia da procedurebi ar Secvlila. seb-is kapitalis adekvaturobis koeficienti saqarTvelos erovnuli bankis moTxovniT, banki valdebulia SeinarCunos kapitalis adekvaturobis minimaluri ganakveTi, riskiT Sewonili aqtivebis 12%-is odenobiT, rac gamoiTvleba seb-is aqtebis Sesabamisad momzadebul specialuri daniSnulebis finansur



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32. kapitalis adekvaturoba (gagrZeleba) seb-is kapitalis adekvaturobis koeficienti (gagrZeleba) angariSgebaze dayrdnobiT. 2008 da 2007 wlebis 31 dekembris mdgomareobiT, bankis kapitalis adekvaturobis koeficienti Semdegia:

2008 2007 ZiriTadi kapitali 573,146 368,959 damatebiTi kapitali 162,902 162,867

gamoklebuli: daqviTvebi kapitalidan (269,427) (166,230)

mTliani maregulirebeli kapitali 466,621 365,596

riskiT Sewonili aqtivebi 3,458,133 2,796,443

sul kapitalis adekvaturobis koeficienti 13.5% 13.1%

sazedamxedvelo kapitali Sedgeba ZiriTadi kapitalisgan, romelic moicavs sawesdebo kapitals, damatebiT Setanil kapitals, gaunawilebel mogebas, mimdinare wlis Semosulobis CaTvliT, ucxouri valutis gadayvanas da umciresobis wils daricxuli dividendebis gamoklebiT, kuTvnili aqciebis wminda grZel pozicias da gudvils. fass-s Sesabamisma Sedegebma da rezervebma ganicada garkveuli koreqtireba, rogorc es gawerilia seb-is mier. sazedamxedvelo kapitalis kidev erTi komponentia meoradi kapitali, romelic moicavs subordinirebul grZelvadian sesxsa da gadafasebis rezervs. kapitalis adekvaturobis koeficienti Basel Capital Accord 1988-is Sesabamisad bankis kapitalis adekvaturobis koeficienti, romelic daangariSebulia Basel Capital Accord 1988-is mixedviT, Sesabamisi cvlilebebiT sabazro riskebis gaTvaliswinebasTn dakavSirebiT, 2008 da 2007 wlis 31 dekembris mdgomareobiT, Semdegia: 2008 2007 pirveladi kapitali 651,826 464,516 meoradi kapitali 232,840 159,914

gamoklebuli: gamoqviTvebi kapitalidan (249,373) (214,615)

mTliani maregulirebeli kapitali 635,293 409,815

riskiT Sewonili aqtivebi 2,560,696 1,859,330

mTliani kapitalis koeficienti 24.8% 22.0%

pirveladi kapitalis koeficienti 25.5% 25.0%

kapitalis adekvaturobis minimaluri koeficienti 8% 8%

33. sabalanso angariSgebis momzadebis Semdgomi garemoebebi 2009 wlis 1 kvartalSi, bankma miiRo grZelvadiani dafinanseba uzrunvelyofis gareSe evropis rekonstruqciisa da ganviTarebis bankisagan (èrgb~) da saerTaSoriso safinanso korporaciisagan (`ssk~), romlis mTliani nominaluri Rirebulebaa 200 milioni aSS dolari, da Sedgeba Semdegi saxsrebisgan: `ssk~-s dafinanseba

• 50 milioni aSS dolaris ZiriTadi sesxi LIBOR + 5.5% wliuri saprocento ganakveTi da 55 Tvis vada;

• 24 milioni aSS dolaris subordinirebuli sesxi LIBOR + 10% wliuri saprocento ganakveTi da 120 Tvis vada; da



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33. sabalanso angariSgebis momzadebis Semdgomi garemoebebi (gagrZeleba) `ssk~-s dafinanseba (gagrZeleba)

• 26 milioni aSS dolaris subordinirebuli, konvertirebadi sesxi LIBOR + 8% wliuri saprocento ganakveTi da 120 Tvis vada;

èrgb~-s dafinanseba

• 50 milioni aSS dolaris ZiriTadi sesxi LIBOR + 5.5% wliuri saprocento ganakveTi da 61 Tvis vada;

• 24 milioni aSS dolaris subordinirebuli sesxi LIBOR + 10% wliuri saprocento ganakveTi da 120 Tvis vada; da

• 26 milioni aSS dolaris subordinirebuli, konvertirebadi sesxi LIBOR + 8% wliuri saprocento ganakveTi da 120 Tvis vada;

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wliuri angariSgeba saqarTvelos fasiani qaRaldebis erovnul ... · gaurkveveli vadiT, vinaidan Sps `svirSi~ Sevida finansuri policia, gamoZieba amJamadac mimdinareobs. procesi jer ar