1Q20 Results Discussion
Listed
portfolio
Bank of Georgia (BOG) Overview (cont'd)
http://bankofgeorgiagroup.com/
23
18
13
8
3
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Oct-19
Selected operating metrics
Retail clients ('000)
Digital transactions (millions)
Net profit
Nov-19
BANK OF GEORGIA
Stock price performance
Financial metrics (GEL millions)
GBP 8.15
as of 18-May-20
ROAE
2015
21.9%
2016
22.2%
2017
2018
2019
NIM
7.7%
7.4%
25.2% 26.4%² 26.1%3
7.3%
6.5%
NPL coverage
83.4%
86.7%
92.7%
90.5%
5.6%
80.9%
1Q19 1Q20 Change
24.5% -18.6% -43.1ppts
6.0%
5.0% -1.0ppts
92.2% 147.2% 55.Oppts
Loan portfolio
5,367
6,682
7,741
9,398
11,931
9,571
13,144
37.3%
Cost/income
35.5%
37.7%
37.7%
36.7%
37.8%
35.5%
38.6%
3.1ppts
Dec-19
Jan-20
Feb-20
Mar-20
May-20
1Q19
1Q20
2,455
2,567
41.5
44.0
* Bank of Georgia Standalone.
Loan book growth
Corporate loans,
GEL 4,543.7 million,
35.7%
GEL 12.7 billion loan portfolio breakdown* | 31 March 2020
Retail loans,
GEL 8,189.1 million,
64.3%
Dividend record¹ (GEL m)
GEL millions
30.0%
500
370
379
25.0%
296
274
Payout 10%
ratio:
15%
30%
36%
33%
34%
32%
30%
30%
27.0%
150
24.5%
20.8%
20.0%
Dividend per share CAGR (GEL) - 34.3%
2.55
3.00
2.08
2.44
1.92
21.4%
1.60
1.68
100
2.00
1.20
102
15.9%
50
0.56
122
124
15.0%
98
102
1.00
0.24
72
80
(100)
51
9
24
0
10.0%
0.00
2015
2016 2017
2010
2018 2019
1Q19 1Q20
2011
2015
2016 2017
2018
2019
2012 2013 2014
Total dividend paid for the year
2015
2016
2017
Dividend per share
2018
(1) Actual dividend per share information for 2010-2016 years are
adjusted for 19.9% Bog share issuance.
(2) Adjusted for demerger related expenses, one-off impact of re-measurement of deferred tax balance and termination costs of the former CEO.
(3) ROAE adjusted for termination costs of the former CEO and executive management.
Page 40
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