Investor Presentaiton
RETAIL BANKING HIGHLIGHTS
INCOME STATEMENT HIGHLIGHTS
Change
Change
Change
GEL thousands unless otherwise noted
2Q21
2Q20
1Q21
1H21
1H20
y-o-y
q-o-q
y-o-y
Net interest income
Net fee and commission income
Net foreign currency gain
Net other income
135,064
44,223
102,667
31.6%
131,448
2.8%
266,512
220,934
20.6%
22,184
99.3%
37,385
18.3%
81,608
51,581
58.2%
10,026
7,525
33.2%
11,109
-9.7%
21,135
29,159
-27.5%
9,502
4,085
132.6%
8,841
7.5%
18,343
5,991
NMF
Operating income
198,815
136,461
45.7%
188,783
5.3%
387,598
307,665
26.0%
Salaries and other employee benefits
(48,230)
(41,826)
15.3%
(40,055)
20.4%
(88,285)
(82,394)
7.1%
Administrative expenses
(22,992)
(16,898)
36.1%
(18,393)
25.0%
(41,385)
(37,629)
10.0%
Depreciation, amortisation and impairment
(19,097)
(17,610)
8.4%
(18,914)
1.0%
(38,011)
(35,499)
7.1%
Other operating expenses
(429)
Operating expenses
(90,748)
(550)
(76,884)
-22.0%
18.0%
(630)
(77,992)
-31.9%
(1,059)
(1,103)
-4.0%
16.4%
(168,740)
(156,625)
7.7%
(Loss) profit from associate
(4,299)
113
Operating income before cost of risk
103,768
59,690
NMF
73.8%
167
NMF
110,958
-6.5%
(4,132)
214,726
414
NMF
151,454
41.8%
Cost of risk
(10,435)
(5,757)
81.3%
(31,296)
-66.7%
Net operating income before non-recurring items
93,333
53,933
73.1%
79,662
17.2%
(41,731)
172,995
(147,835)
-71.8%
3,619
NMF
Net non-recurring items
211
(1,249)
NMF
156
35.3%
367
(40,178)
NMF
Profit before income tax
93,544
52,684
77.6%
79,818
17.2%
Income tax (expense) / benefit
(8,518)
Profit
85,026
(3,214)
49,470
NMF
71.9%
(5,834)
73,984
46.0%
14.9%
173,362
(14,352)
159,010
(36,559)
NMF
8,000
NMF
(28,559)
NMF
RB LOANS AND LOAN YIELD
RB CLIENT DEPOSITS AND COST OF DEPOSITS
15.1%
12.9%
11.4%
11.1%
2.9%
2.9%
2.7%
2.6%
50.3%
43.7%
44.9%
41.5%
69.7%
68.0%
68.7%
68.4%
49.7%
2018
56.3%
55.1%
58.5%
30.3%
32.0%
31.3%
31.6%
2019
2020
1H21
2018
2019
2020
1H21
Net loans, GEL
Currency-blended loan yield
Net loans, FC
Client deposits, FC
O Client deposits, GEL
Currency-blended cost of deposits
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