Economy Annex
Consolidated
Net Normalized
GEL mln
45.0
Operating
Income (NNOI)
40.0
38.7
36.6
37.3
36.3
37.1
34.3
increased 18.1%
34.3
35.0
30.8
q-o-q up 2.1%
29.6
30.0
у-о-у
25.0
Operating profit, Provision expense
Normalized net operating income
Net provision expense BoG standalone
GEL mln
160
+18.1 q-o-q
140
35.0
120
103.9
100
80
Related to the
armed conflict
in August 2008
60
Consolidated
20.0
60
Net provision
15.0
40
40
expenses of
GEL 13.1 mln
10.0
20
8.6
6.7
29.6
24.0
18.2
17.7
12.3
6.2
in Q2 2010,
(4.5)
5.0
0
GEL 7.4 mln in
Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010
0.0
Q1 2010 and
-20-
Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010
GEL 40.7 mln in
-40
Q2 2010
Profit (loss) before provisions/NI
Net operating cash flow
improved by
67.9% y-o-y
GEL mln
60.0
45.1
1H 2010
1H 2009
40.5
Bank of
40.0
33.7
31.9
28.3
Georgia
36.8
36.8
32.4
34.0
26.4
16.8
19.5
unaudited
20.0
Standalone Net
8.7
5.1
2.6
Cash flow from operating activities
Interest received
Interest paid
199,514
188,779
(83,179)
(99,394)
0.0
provision
(1.1)
(4.3)
Fees and commissions received
33,641
32,133
Q1 2008 Q2 2008 Q3 2008
Q4 2008
Q1 2009
Q2 2009 Q3 2009
Q4 2009 Q1 2010 Q2 2010
Fees and commissions paid
(6,349)
(5,313)
expenses
-20.0
declined by
Net realised gains (losses) from trading securities
2,140
1,609
Net realised gains from investments securities
307
79.1% y-o-y
-40.0
Net realised gains from foreign currencies
15,747
11,368
Recoveries of loans to customers
15,354
8,213
-60.0
Net Income for
(59.0)
Insurance premiums received
21,827
19,314
1H 2010 was
-80.0
Insurance claims paid
(13,449)
(14,632)
(76.1)
Other operating income received
10,580
12,939
GEL 36.2 mln
-100.0
Salaries and other employee benefits paid
(50,519)
(47,430)
(102.3)
General, administrative and operating expences paid
(32,216)
(34,413)
-120.0
Profit Before Provisions
Net Income
Net cash flow from operating activities
113,091
73,480
Growth rate
53.9%
Lobko
BANK OF GEORGIA
www.bog.ge/ir
October 2010
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