Investor Presentaiton
FOCUS ON EFFICIENCY AND STRINGENT COST CONTROL
COST TO INCOME RATIO
41.1%
35.9%
1H20
1H21
43.9%
36.4%
35.4%
2Q20
1Q21
2Q21
Continued investment in IT-related resources, digitalisation and
marketing, in line with strategic priorities, and, at the same time,
maintaining focus on efficiency and cost control
OPERATING EXPENSES
GEL MILLIONS
+8.5%
+15.8%
229
211
2
+13.5%
2
45
43
122
105
107
O
54
54
1
1
22
50
21
23
30
23
24
129
117
69
61
60
Cost optimisation measures initiated in 2Q20, the impact of
which had been reflected in subsequent quarters
1H20
1H21
2Q20
1Q21
2Q21
c.35%
Medium-term guidance
Other operating expenses
Administrative expenses
Depreciation, amortisation and impairment
Salaries and other employee benefits
29View entire presentation