Bank of Georgia Financial Snapshot and Loan Portfolio Quality
Returning capital to shareholders
Capital distribution
GEL millions
PAYOUT
RATIO:*
36% 33% 34% 32% 30% 30%
35%
37%
Number of shares outstanding (period-end)**
millions
49.2
49.2
49.2
49.2
47.5
1.5
2.0
1.6
45.9
2.3
2.5
1.8
529
Interim
dividends/
188
buyback
257
47.6
47.2
47.5
46.9
45.0
44.2
196
72 80
98
102 122 124 No dividend
73
124
341
62
paid due to
Covid-19
pandemic
40
184
134
84
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
1H22
1H23
Dec-18
Dec-19
Dec-20
Dec-21
Dec-22
Jun-23
Dividend paid for the year
■Share buyback
Ordinary shares outstanding
Treasury shares outstanding
"
Considering the strong performance during the first half of 2023 and robust capital levels, the Board today declared an interim dividend of GEL 3.06 per ordinary
share in respect of the period ended 30 June 2023, payable in Pounds Sterling on 27 October 2023
In addition, the Board has approved a further share buyback and cancellation programme totalling GEL 62 million, which is expected to commence later in the year
On 22 June 2023, the Company completed its previous GEL 260.7 million buyback and cancellation programme, having repurchased and cancelled 3,254,705 ordinary
shares, representing 6.6% of the Company's issued share capital
*For the purpose of total payout ratio calculation, total buyback amount is divided by outstanding shares before the beginning of the respective programme
**Treasury shares are provided per IFRS and mainly include shares held by Executive and Employee trusts
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