Bank of Georgia Growth and Reform Strategy
DELIVERING ON GROUP STRATEGY
SUCCESSFUL TRACK RECORD OF DELIVERING STRONG RESULTS
BANKING BUSINESS KEY TARGETS
Nominal
Real
1
25.2%
26.4%
26.1%
2
27.0%
22.2%
Loan book
24.5%
21.4%
ROAE
20%+
17.4%
growth
22.0%
c.15%
19.0%
16.1%
15.9%
T
2016
2017
2018*
2019**
2016
2017
2018
2019
3
Robust
Capital
Management
Track
Record
Capital position: We aim to maintain
+200bps buffer for CET1 and Tier 1 capital
ratios over minimum regulatory
requirement during the medium term
Maintain regular dividend payouts:
Aiming 25-40% dividend payout ratio
BANK OF GEORGIA
**
GEL 648mln+ cash dividend paid during
2013-2019, within the targeted payout
range over past 7 years
Regular Dividends
Payout 30%
36%
33%
34%
32%
30%
30% 26%
ratio:
4.7%
4.0%
4.2%
3.1%
3.1%
3.2% 2.4%
2.7%
GEL millions
122
124
98
102
72
80
51
2013
2014
2015
2016
Total dividend paid during the year
2017
2018
2019 2020
Dividend yield*
***
2018 ROAE adjusted for GEL 30.3mln demerger related costs, GEL 8.0mln demerger related corporate income tax gain, GEL 30.3mln one-off impact of re-measurement of deferred tax
balances and GEL 3.9mln (net of income tax) termination costs of the former CEO
2019 ROAE adjusted for GEL 14.2mln (net of income tax) termination costs of the former CEO and executive management
Dividend yield for 2013-2019 years is calculated based on the closing price of the shares immediately prior to ex-dividend date. At the 2020 Annual General Meeting, the Board intends to
recommend an annual dividend for 2019 of GEL 2.67 per share (GEL 130mln in total) payable in British Pounds Sterling at the prevailing rate. Dividend yield for 2020 is calculated based
on the closing price of the shares on 31 January 2020
ST
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