BGEO Group Financial Update
Selected Financial Information
Belarusky Narodny Bank (BNB
INCOME STATEMENT, HIGHLIGHTS
GEL thousands, unless otherwise stated.
3Q15
3Q14
Change
y-o-y
2Q15
Change
9M15
9M14
Change
q-o-q
y-o-y
Net banking interest income
7,650
4,977
53.7%
6,638
15.2%
21,717
16,151
34.5%
Net fee and commission income
2,149
2,442
-12.0%
2,699
-20.4%
7,065
6,783
4.2%
Net banking foreign currency gain
6,340
2,153
194.5%
3,668
72.8%
15,025
5,081
195.7%
Net other banking income
190
91
108.8%
137
38.7%
424
364
16.5%
Revenue
16,329
9,663
69.0%
13,142
24.3%
44,231
28,379
55.9%
Operating expenses
(4,722)
(4,435)
6.5%
(4,687)
Operating income before cost of credit risk
11,607
5,228
122.0%
8.455
0.7%
37.3%
(13,664)
(13,073)
4.5%
30,567
15,306
99.7%
Cost of credit risk
(1,292)
(539)
139.7%
(5,683)
-77.3%
(11,619)
(2,141)
NMF
Net non-recurring items
(323)
(293)
10.2%
(318)
1.6%
(1,739)
(2,408)
-27.8%
Profit before income tax
9,992
4,396
127.3%
2,454
307.2%
17,209
10,757
60.0%
Income tax (expense) benefit
Profit
(2,342)
(862)
171.7%
(785)
198.3%
(4,554)
715
NMF
7,650
3,534
116.5%
1,669
358.4%
12,655
11,472
10.3%
BALANCE SHEET, HIGHLIGHTS
30-Sep-15
30-Sep-14
GEL thousands, unless otherwise stated
Change
y-o-y
30-Jun-15
Change
q-o-q
Cash and cash equivalents
95,395
70,390
35.5%
67,632
41.1%
Amounts due from credit institutions
3,769
3,380
11.5%
3,636
3.7%
Loans to customers and finance lease receivables
315,006
215,788
46.0%
305,816
3.0%
Total assets
481,498
346,025
39.2%
444,377
8.4%
Client deposits and notes, of which:
270,548
180,328
50.0%
242,249
11.7%
Amounts due to credit institutions, of which:
120,115
77,976
54.0%
114,161
5.2%
Debt securities issued
5,640
-100.0%
Total liabilities
399,637
270,242
47.9%
363,782
9.9%
Total equity attributable to shareholders of the Group
67,989
62,725
8.4%
66,953
1.5%
Non-controlling interests
13,872
13,058
6.2%
13,642
1.7%
Total equity
81,861
75,783
8.0%
80,595
1.6%
Total liabilities and equity
481,498
346,025
39.2%
444,377
8.4%
Holding company of BANK OF GEORGIA
BGEO
GROUP
www.bgeo.com
November 2015
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