Tracking Georgia's Economic Recovery
3Q20 AND 9M20 RESULTS HIGHLIGHTS
BALANCE SHEET HIGHLIGHTS*
KEY RATIOS*
17
GEL thousands
Sep-20
Sep-19
Change
y-o-y
Jun-20
Change
9-0-9
3Q20
3Q19 2Q20
9M20
9M19
Liquid assets
6,339,663
Cash and cash equivalents
2,154,224
Amounts due from credit
1,980,195
5,099,111
1,369,169
1,834,220
institutions
Investment securities
2,205,244
1,895,722
24.3%
57.3%
8.0%
16.3%
5,447,730
1,633,755
1,700,075
2,113,900
ROAA**
3.0%
3.2%
2.4%
1.1%
3.0%
16.4%
31.9%
16.5%
ROAE**
26.0%
26.8%
21.8%
9.9%
24.7%
Net interest margin.
4.8%
5.4%
4.2%
4.7%
5.7%
Loan yield
10.7%
11.5%
10.2%
10.6%
11.8%
4.3%
Liquid assets yield
3.3%
3.2%
3.4%
3.5%
3.4%
Loans to customers and finance
Cost of funds
4.7%
4.5%
4.8%
4.8%
4.5%
lease receivables
13,627,144
11,339,745
20.2% 12,599,092
8.2%
Cost of client deposits and notes
3.8%
2.9% 3.5%
3.5%
3.0%
Property and equipment
390,401
Total assets
21,166,953
Client deposits and notes
12,985,039
Amounts owed to credit institutions
3,757,646
Borrowings from DFIs
1,807,472
Short-term loans from NBG
874,153
364,405
7.1%
17,540,692 20.7%
9,613,718 35.1%
3,437,718
9.3%
1,355,426 33.4%
1,271,027 -31.2%
396,272
19,183,966
11,583,139
3,521,860
1,755,656
847,213
-1.5%
10.3%
12.1%
6.7%
Cost of amounts owed to credit institutions
Cost of debt securities issued
6.9%
6.8%
7.3%
7.3%
7.0%
7.0%
7.7%
7.7%
7.5%
7.6%
Cost
Income****
37.1%
37.9% 43.9%
39.7%
37.3%
3.0%
NPLs to gross loans to clients
NPL coverage ratio
3.8%
76.8%
3.2%
Loans and deposits from
NPL coverage ratio, adjusted for discounted
value of collateral
2.9%
85.3% 115.7%
131.4% 129.3% 166.3%
2.7%
3.8%
2.9%
76.8%
85.3%
131.4% 129.3%
1,076,021
811,265
32.6%
918,991
17.1%
commercial banks
Cost of credit risk ratio
0.2%
Debt securities issued
Total liabilities
Total equity
1,628,188
18,795,816
2,371,137
2,175,820 -25.2% 1,561,933
15,500,833 21.3% 16,984,167
2,039,859 16.2% 2,199,799
4.2%
10.7%
7.8%
NBG (Basel III) CET1 capital adequacy ratio
NBG (Basel III) Tier I capital adequacy ratio
NBG (Basel III) Total capital adequacy ratio
9.9%
12.0%
17.3%
0.5%
11.1%
13.3% 12.0%
16.8% 17.4%
-0.2%
2.4%
1.1%
9.9%
9.9%
11.1%
12.0%
13.3%
17.3%
16.8%
The detailed financials of the Group are presented on pages 74-79
** The 9M19 ROAA and ROAE are adjusted for GEL 14.2 one-off employee costs (net of income tax),
related to termination benefits of the former CEO and executive management
*** The 9M19 cost/income ratio is adjusted for GEL 12.4mln one-off employee costs (gross of income tax),
related to termination benefits of former executive managementView entire presentation