Georgia's Economic Outlook 2020

RETAIL BANKING HIGHLIGHTS INCOME STATEMENT HIGHLIGHTS* GEL thousands unless otherwise noted Net interest income Net fee and commission income Net foreign currency gain Net other income Operating income Salaries and other employee benefits Administrative expenses Depreciation, amortisation and impairment Other operating expenses Operating expenses Profit from associate Cost of risk Change Change 1Q20 1Q19 4Q19 y-o-y 9-0-9 118,266 135,165 -12.5% 134,839 -12.3% 29,398 32,435 -9.4% 32,775 -10.3% 21,634 9,062 138.7% 14,795 46.2% 1,906 2,168 -12.1% 9,233 -79.4% 171,204 178,830 -4.3% 191,642 -10.7% (40,568) (33,874) 19.8% (39,683) 2.2% (20,732) (15,796) 31.2% (22,593) -8.2% (17,889) (13,287) 34.6% (20,383) -12.2% Operating (loss) / income before cost of risk (551) (79,740) 301 91,765 (536) 2.8% (625) -11.8% (63,493) 25.6% (83,284) -4.3% (142,079) 188 115,525 (39,386) 60.1% -20.6% NMF 153 96.7% 108,511 -15.4% (7,118) NMF Net operating (loss) / income before non-recurring items (50,314) 76,139 NMF 101,393 NMF Net non-recurring items (38,929) (276) NMF 68 NMF (Loss)/profit before income tax expense and one-off costs (89,243) 75,863 NMF 101,461 NMF Income tax benefit / (expense) 11,215 (6,101) NMF (8,910) NMF (Loss)/profit adjusted for one off costs (78,028) 69,762 NMF 92,551 NMF One-off costs (after tax) (7,075) NMF (Loss) / profit (78,028) 62,687 NMF 92,551 NMF The 1Q19 income statement adjusted profit excludes GEL 7.1mln one-off employee costs (net of income tax) related to the former CEO and executive management termination benefits. LOAN YIELD COST OF CLIENT DEPOSITS 2.9% 2.9% 2.6% 2.6% 32 16.1% 15.1% 12.9% 11.8% 48.8% 50.3% 43.7% 47.7% 72.1% 69.7% 68.0% 71.5% 51.2% 49.7% 56.3% 52.3% 27.9% 30.3% 32.0% 28.5% 2017 2018 2019 1Q20 2017 2018 2019 1Q20 Net loans, GEL Currency-blended loan yield Net loans, FC Client deposits, FC Client deposits, GEL Currency-blended cost of deposits

View entire presentation