Management Target for 2010 Summary
Total
Recurring
Operating
costs decreased
by 0.7% q-o-q
in Q1 10
Costs
Recurring operating costs
GEL mln
Employees
392
250
Q1 2010
2,825
5,048
Q4 2009
621
2,674
4,781
617
200
190.9
182.5
Q3 2009
2,669
4,798
707
Q2 2009
2,665
4,914
757
150
Q1 2009
2,692
86.5
4,964
92.5
786
117.4
Q4 2008
2,741
4,977
842
100
Q3 2008
3.853
41.8
63.5
6,196
836
Q2 2008
3,619
5,911
824
50
38.5
Q1 2008
3,056
104.4
30.2
4,926
90.0
75.6
15.3
821
Q4 2007
2,692
4,459
33.3
23.2
0
2005
2006
2007
2008
2009
Personel costs
Other Recurring Operating Costs
0
1,000
2,000
3,000 4,000
5,000 6,000
7,000
Group Consolidated
BoG Standalone
■BG Bank
Recurring operating costs
GEL mln
60
Net non-recurring costs
GEL mln
20.0
8.5
3.2
(2.6)
48.9
49.6
50
47.9
0.0
46.3
46.6
46.3
44.5
44.6
45.0
40
40
(20.0)
21.6
21.3
18.7
24.9
23.1
22.7
22.6
24.1
22.9
30
(40.0)
20
(60.0)
27.3
28.4
25.7
23.1
22.0
23.2
22.3
22.5
23.4
10
(80.0)
0
Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010
Personnel Costs
■Other Recurring Operating Costs
Lobko
BANK OF GEORGIA
www.bog.ge/ir
(100.0)
(120.0)
Page 34
(0.2)
(0.3)
(1.9)
(33)
Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010
(30.0)
Includes Goodwill
impairment of
GEL 68 mln
associated with
BG Bank and Real
estates mark down
(106.8)
May 2010
Page 34View entire presentation