Georgia Capital PLC Financial and Operational Report
35
30
25
20
15
10
5
May/18
Jun/18
Jul/18
Aug/18
Sep/18
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40
Dec/18
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Feb/19
Listed
Portfolio
BANK OF GEORGIA
BANK OF GEORGIA OVERVIEW
http://bankofgeorgiagroup.com/
Stock price performance
Mar/19
Apr/19
May/19
61/ung
Jun/19
Jul/19
Aug/19 |
Sep/19
4. For the purpose of total payout ratio calculation, total buyback amount is divided by outstanding shares before the beginning of the respective programme.
Oct/19
Nov/19
Dec/19
Jan/20
Feb/20
Mar/20
Apr/20
May/20
Jun/20
Jul/20
Aug/20
Sep/20
Oct/20
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Nov/20
Dec/20
Jan/21
Feb/21
Mar/21
Apr/21
May/21
Jun/21
Jul/21
Aug/21
Sep/21
Oct/21
Nov/21
Dec/21
Jan/22
Feb/22
Mar/22
Apr/22
May/22
Jun/22
Jul/22
Aug/22
Sep/22
Oct/22
Nov/22
Dec/22
Jan/23
Feb/23
Mar/23
Apr/23
May/23
Jun/23
sz/inc
Aug/23
Sep/23
GBP 36.9
as of 30-Sep-23
NIM
Financial metrics (GEL million)
Selected operating metrics
30-Jun-22
30-Jun-23
Change
Number of monthly active customers (retail) ('000)
1,492
1,698
+13.8%
GEL 17.9 billion gross loan portfolio breakdown* | 30 June 2023
Corporate loans,
GEL 5,569 million, 31%
Retail loans,
GEL 7,905 million, 44%
2Q22
2Q23
Change
Number of transactions in mBank, iBank and sCoolApp
(million)
41
60
48.2%
Profits & ROAE
Loan book growth
SME loans,
GEL 4,385 million, 25%
Dividend record (GEL million)
* Bank of Georgia Standalone.
Loan book growth (nominal)
Loan book growth (constant currency basis)
ROAE¹
21.9%
22.2% 25.2% 26.4% 26.1% 13.0% 25.8% 32.4%2
34.6%
Payout ratio4:
36%
33%
34%
32%
30%
30%
35%
37%
27.0%
24.5%
529
1,1322
20.9%
21.4%
19.8%
18.9%
17.4%
17.6%
Share buyback
GEL million
16.1%
22.0%
500
370
379
274
296
295
727
409
1.5%
19.0%
13.9% 12.9%
Total dividend paid for the year
12.2%
10.2%
188
Interim
dividends/buyback
257
15.9%
4.3%
2015 2016 2017
2018
2019 2020
2021 2022
2Q23
2015 2016 2017
2018 2019
2020 2021 2022 1H23
73
196
341
124
62
184
40
72
80
98
102
122
124
134
84
2013 2014 2015 2016
2017 2018 2019 2020 2021
2022
1H22
1H23
2015 2016 2017 2018 2019 2020 2021 2022 2022 2023
Change
y-o-y
7.7% 7.4% 7.3% 6.5% 5.6% 4.6% 4.9% 5.4% 5.3% 6.6% +1.3 ppts
83.4% 86.7% 92.7% 90.5% 80.9% 76.3% 95.5% 66.4% 89.6% 70.4% -19.2 ppts
NPL coverage
Loan portfolio
Cost/income2,3
35.5% 37.7% 37.7% 36.7% 37.8% 39.7% 37.2% 32.0% 32.5% 26.9%
5,367 6,682 7,741 9,398 11,931 14,192 16,169 16,862 16,300 18,282 +12.2%
-5.6 ppts
Georgia Capital PLC | 1. 2019 ROAE and profit are adjusted for termination costs of the former CEO and executive management, while 2018 ROAE is adjusted for demerger related expenses, one-off impact of re-measurement of deferred tax balance and termination costs of the former CEO.
2. Adjusted for a one-off GEL 391.1m of other income due to the settlement of an outstanding legacy claim, and a one-off GEL 79.3m tax expense due to an amendment to the current corporate taxation model in Georgia.
3. 2019 cost/income ratio adjusted for GEL 12.4 million one-off employee costs (gross of income tax) related to termination benefits of the former executive management
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GEORGIA
CAPITALView entire presentation