Bank of Georgia Earnings and Strategy Update
TRACK RECORD OF DELIVERING STRONG RESULTS
Nominal
Constant currency basis
26.4% 26.1%
25.2%
25.8%
27.0%
ROAE
Loan book YoY growth
21.4%
17.4%
13.0%
18.9%
19.8%
20%+
c.10%
19.0% 22.0%
15.9%
10.2%
13.9%
2017 2018 2019** 2020 2021
2017
2018
2019
2020
2021
33
ROBUST CAPITAL MANAGEMENT TRACK RECORD
Maintain regular progressive semi-annual dividend payouts: aiming at a 30-50%
dividend/share buyback payout ratio
Given higher levels of lending growth in the near-term, the Board currently
expects the dividend/share buyback payout ratio to be approximately 35-40%
over the next two years
Interim dividend of GEL 1.48 per ordinary share paid on 5 November 2021
At the 2022 Annual General Meeting, the Board intends to recommend a final
dividend for 2021 of GEL 2.33 per share payable in British Pounds Sterling at the
prevailing rate
Adjusted for GEL 30.3mln demerger-related costs, a GEL 8.0mln demerger-related corporate income tax
gain, a GEL 30.3mln one-off impact of re-measurement of deferred tax balances and GEL 3.9mln (net of
income tax) termination costs of the former CEO
Adjusted for GEL 14.2mln (net of income tax) termination costs of the former CEO and executive management
Dividend yield for 2013-2019 and for interim dividend for 2021 is calculated based on the closing price of shares
immediately prior to ex-dividend date. Final dividend yield is calculated based on the closing price of shares on
21 February 2022
REGULAR DIVIDENDS
GEL MILLIONS
PAYOUT
RATIO:
30% 36% 33% 34% 32% 30% 30%
25%
6.3%
Final
dividend
4.0% 4.2%
3.1%
2.7%
3.1% 3.2% 2.4%
Interim
dividend
122 124
72 80
98 102
51
72
2014 2015 2016 2017 2018 2019 2020
Total dividend paid during the year
170
2021 2022
Dividend yield***
2013View entire presentation