Bank of Georgia Financial Snapshot and Loan Portfolio Quality
Income statement highlights
Change
Change
Change
GEL thousands
2Q23
2Q22
1Q23
1H23
1H22
y-o-y
q-o-q
y-o-y
INCOME STATEMENT HIGLIGHTS
Net interest income
395,909
281,170
40.8%
371,900
6.5%
767,809
552,620
38.9%
Net fee and commission income
Net foreign currency gain
Net other income
Operating income
Operating expenses
89,165
81,065
10.0%
112,301
-20.6%
201,466
139,897
44.0%
100,018
82,083
667,175
125,528
-20.3%
70,652
41.6%
170,670
190,012
-10.2%
7,087
494,850
1058.2%
8,656 848.3%
90,739
8,070
1024.4%
34.8%
563,509
18.4%
1,230,684
890,599
38.2%
(179,365)
(160,899)
11.5% (164,169)
9.3%
(343,534)
(299,254)
14.8%
Profit from associates
682
250
172.8%
218
NMF
900
376
139.4%
Operating income before cost of risk
488,492
334,201
46.2%
399,558
22.3%
888,050
591,721
50.1%
Cost of risk
(32,152)
(25,911)
24.1%
(48,298)
-33.4%
(80,450)
(18,344)
NMF
Net operating income before non-recurring items
456,340
308,290
48.0%
351,260
29.9%
807,600 573,377
40.8%
Net non-recurring items
1
232
-99.6%
Profit before income tax expense and one-off items
456,341
308,522
47.9%
(60)
351,200
NMF
29.9%
Income tax expense
(68,878)
(33,036)
Profit adjusted for one-off items
387,463
275,486
40.6%
108.5% (49,871)
301,329
38.1%
28.6%
(59)
807,541
(118,749)
688,792
280
NMF
573,657 40.8%
(57,599) 106.2%
516,058 33.5%
One-off items
Profit
21,061
408,524
21,061
275,486
48.3%
301,329
35.6%
709,853
516,058
37.6%
Basic earnings per share
9.14
5.81
57.3%
6.55
39.5%
15.65
10.87
44.0%
Diluted earnings per share
8.94
5.79
54.4%
6.44
38.8%
15.32
10.79
42.0%
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