Investor Presentaiton
THE LEADING BANK IN GEORGIA
BOG - Leading Bank in Attractive Banking Sector
■Top Systemically important financial institution in Georgia
Market position in Georgia by assets (36.3%), loans (34.9%), client
deposits (36.3%) and equity (29.8%) as of 31 December 2019*
■Market with stable growth perspectives: Real GDP average annual
growth rate of 4.5% for 2007-2018; 5.2% estimated real GDP growth
in 2019 according to Geostat. Loans to GDP was 64.5% and Deposits
to GDP was 53.0% at 31 December 2019
■Strong brand name recognition and retail banking franchise: Offers
the broadest range of financial products to the retail market through
a network of 267 branches, 933 ATMs, 3,217 Express Pay Terminals
and more than 2.5 million customers as of 31 December 2019
Sustainable high profitability with average ROAE of more than 20%
over the last four years on the back of solid NIM, low cost of credit
risk and stringent cost control
■Resilient credit profile: Well-capitalised, diversified and high quality
loan book and strong liquidity profile
■ High standards of transparency and governance: The first entity
from Georgia to be listed on the premium segment of the Main
Market of the London Stock Exchange (LSE:BGEO) since February
2012. LSE listed through GDRs since 2006
Credit ratings from global rating agencies
Strong profitability and growth momentum, on the back of
outstanding capital and liquidity positions
Banking Business
CAGR
GEL billions
20
210
15
Balance Sheet Highlights
19.7%
18.6
14.8
12.9
11.1
9.1
10
5
сл
Total assets
■31-Dec-15
22.1%
11.9
9.4
7.7
6.7
5.4
19.1%
10.1
5.05.8
7.18.1
Net loans
31-Dec-18
Client deposits
■31-Dec-19
31-Dec-16 ■31-Dec-17
Income Statement Highlights
Banking Business
13.3%
GEL millions
400
300
273 259 257
2853
309
200
100
31.9%
29.9%
27.0%**
26.8%
119**
157
111**
134
24.5%**
112**
22.9%**
Rating Agency
Rating
Outlook
Affirmed
MOODY'S
Ba3/Ba2
Stable
Fitch Ratings
BB-
Stable
14-Sep-17
15-Apr-19
BANK OF GEORGIA
Operating income
4Q18 1Q19
Profit
■2Q19 ■3Q19
ROAE
■ 4Q19
Market data based on standalone accounts as published by the National Bank of Georgia (NBG) www.nbg.gov.ge
Profit and ROAE are adjusted for one-off costs for the periods presented. For more details on one-offs, please refer to pages 66-67
a
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