Investor Presentaiton
Key ratios
KEY RATIOS
4Q23
4Q22
3Q23
FY23
FY22
ROAA
ROAE
Net interest margin
4.2%
4.7%
4.8%
4.7%
4.4%
26.7%
33.7%
30.7%
29.9%
32.4%
6.3%
5.7%
6.6%
6.5%
5.4%
Loan yield
12.4%
12.0%
12.6%
12.5%
11.5%
Liquid assets yield
5.0%
4.2%
4.7%
4.7%
4.3%
Cost of funds
4.9%
4.6%
4.7%
4.7%
4.9%
Cost of client deposits and notes
4.2%
3.4%
4.2%
4.0%
3.6%
Cost of amounts owed to credit Institutions
7.7%
8.5%
8.0%
8.0%
8.9%
Cost of debt securities issued
9.3%
7.5%
8.6%
8.2%
7.1%
Cost:income ratio
34.3%
31.0%
28.8%
29.8%
32.0%
NPLs to gross loans
2.3%
2.7%
2.4%
2.3%
2.7%
NPL coverage ratio
69.2%
66.4%
69.1%
69.2%
66.4%
NPL coverage ratio adjusted for the discounted value of
collateral
117.6%
128.9%
122.1%
117.6%
Cost of credit risk ratio
0.4%
0.9%
0.6%
0.7%
128.9%
0.8%
NBG (Basel III) CET 1 capital adequacy ratio
n/a
14.7%
n/a
n/a
14.7%
Minimum regulatory requirement
n/a
11.6%
n/a
n/a
11.6%
NBG (Basel III) Tier I capital adequacy ratio
n/a
16.7%
n/a
n/a
16.7%
Minimum regulatory requirement
n/a
13.8%
n/a
n/a
13.8%
NBG (Basel III) Total capital adequacy ratio
n/a
19.8%
n/a
n/a
19.8%
Minimum regulatory requirement
n/a
17.2%
n/a
n/a
17.2%
IFRS based NBG (Basel III) CET 1 capital adequacy ratio
Minimum regulatory requirement
18.2%
n/a
18.5%
18.2%
n/a
14.5%
n/a
14.7%
14.5%
n/a
IFRS based NBG (Basel III) Tier I capital adequacy ratio
Minimum regulatory requirement
20.0%
n/a
20.4%
20.0%
n/a
16.7%
n/a
16.9%
16.7%
n/a
IFRS based NBG (Basel III) Total capital adequacy ratio
Minimum regulatory requirement
22.1%
n/a
22.6%
22.1%
n/a
19.6%
n/a
19.9%
19.6%
n/a
Due to the settlement of a legacy claim, the
fair value revaluation of the receivable resulted
in a one-off other income of GEL 1.5 million
posted in 4Q23 and one-off other income of
GEL 22.6 million posted in FY23. Net other
income was adjusted for these one-offs. Due
to the settlement of the same legacy claim,
4Q22 and FY22 net other income was adjusted
for a one-off GEL 391.1 million. 4Q22 and FY22
income tax expense was adjusted for a one-off
GEL 33.7 income tax expense due to an
amendment to the corporate taxation model
in Georgia. As a result, ROAE was adjusted for
one-off other income and one-off tax expense
where applicable and Cost:income ratios were
adjusted for one-off other income where
applicable.
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