Bank of Georgia Financial Overview
Q1 2012 P&L results highlights
GEL millions unless otherwise noted
Bank of Georgia (Consolidated, IFRS)
Q1 2012
(Unaudited) (Unaudited)
Q1 2011
Change
2011
(Audited)
2010
(Audited)
Change
Net interest income
61.2
56.9
7.5%
239.3
208.5
14.8%
Net fee and commission income
19.7
15.5
27.3%
75.3
63.4
18.8%
Net insurance revenue
3.8
4.7 -18.7%
17.7
16.7
6.5%
Other operating non-interest income
32.2
13.6
136.3%
108.9
58.0
87.6%
Revenue
116.9
90.7
28.9%
441.2
346.6
27.3%
Operating expenses
(57.3)
(50.3)
13.9%
(217.6)
(199.8)
8.9%
Operating income before cost of credit risk
59.5
40.3
47.6%
223.6
146.9
52.2%
Cost of credit risk
(7.4)
(5.4)
36.4%
(22.2)
(47.7)
-53.5%
Net operating income
52.2
34.9
49.3%
201.4
99.2
103.1%
Net non-operating expenses*
(4.4)
NMF
(29.3)
(0.7)
NMF
Profit for the period from continuing operations
39.7
29.1
36.4%
150.9
82.7
82.6%
Profit for the period
39.8
16.9
135.9%
135.7
82.7
64.2%
EPS, basic (GEL)**
1.21
0.97
24.7%
4.95
2.78
78.1%
*Includes impairment of property and intangible assets
** EPS calculated using profit for the period from continuing operations attributable to shareholders of the Bank
BANK OF GEORGIA
www.bogh.co.uk
www.bankofgeorgia.ge/ir
May 2012
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