Georgia's Economic Outlook 2020
KEY RATIOS
1Q20
1Q19
4Q19
78
1Q20
1Q19
4Q19
Profitability
ROAA, annualised (2)
-2.1%
3.1%
ROAA, annualised (unadjusted)
-2.1%
2.8%
3.4%
3.4%
Liquidity
NBG liquidity coverage ratio
121.2%
133.1%
136.7%
(minimum requirement 100%)
ROAE, annualised (2)
-18.6%
24.5%
29.9%
Liquid assets to total liabilities
30.5%
34.3%
33.9%
RB ROAE (2)
-25.5%
25.3%
31.4%
Net loans to client deposits and notes
121.3%
114.0%
118.4%
CIB ROAE (2)
-10.6%
27.1%
28.5%
ROAE, annualised (unadjusted)
-18.6%
22.2%
29.9%
Net loans to client deposits and notes + DFIs
Leverage (times)
104.9%
98.6%
103.2%
8.6
6.8
7.6
Net interest margin, annualised
5.0%
6.0%
5.4%
Asset Quality:
RB NIM
4.9%
6.6%
5.7%
NPLs (in GEL)
284,038
Loan yield, annualised
CIB NIM
RB Loan yield
4.0%
3.6%
3.8%
NPLs to gross loans to clients
2.1%
326,127
3.3%
252,695
2.1%
10.8%
12.2%
11.4%
NPL coverage ratio
147.2%
92.2%
80.9%
11.8%
13.6%
12.4%
CIB Loan yield
8.9%
9.1%
9.2%
NPL coverage ratio, adjusted for discounted
value of collateral
194.9%
132.6%
139.6%
Liquid assets yield, annualised
3.9%
3.8%
3.7%
Cost of credit risk, annualised
7.4%
1.7%
0.2%
Cost of funds, annualised
4.7%
4.6%
4.7%
RB Cost of credit risk
7.4%
2.4%
0.2%
Cost of client deposits and notes, annualised
3.1%
3.1%
3.0%
CIB Cost of credit risk
8.3%
0.1%
0.5%
RB Cost of client deposits and notes
2.6%
2.7%
2.5%
Capital Adequacy:
CIB Cost of client deposits and notes
3.7%
3.5%
3.3%
NBG (Basel III) CET1 capital adequacy ratio
8.3%
12.7%
11.5%
Cost of amounts owed to credit institutions,
Minimum regulatory requirement
6.9%
9.6%
10.1%
7.6%
7.4%
7.4%
annualised
Cost of debt securities issued
7.6%
7.5%
7.9%
Operating leverage, y-o-y (3)
Operating leverage, q-o-q (3)
Efficiency
Cost Income (3)
RB Cost/Income (3)
CIB Cost/Income (3)
-9.2%
5.0%
-7.3%
1.5%
3.6%
-4.1%
NBG (Basel III) Tier I capital adequacy ratio
Minimum regulatory requirement
NBG (Basel III) Total capital adequacy ratio
Minimum regulatory requirement
10.6%
12.7%
13.6%
8.7%
11.6%
12.2%
15.3%
17.1%
18.1%
13.3%
16.1%
17.1%
38.6%
35.5%
39.3%
46.6%
35.5%
43.5%
19.4%
26.9%
26.9%
Cost Income (unadjusted)
38.6%
38.6%
39.3%
(1) For the description of Key Ratios, refer to page 83
(2) The 1Q19 ratios are adjusted for one-off employee costs related to termination benefits of the former CEO and executive management
(3) The 1Q19 ratios are adjusted for one-off employee costs related to termination benefits of the former executive managementView entire presentation