Economy Annex
Georgia accounts
Revenue
for 83.0% of total Revenue
consolidated
+79.2%
167.0
revenues, BG
180.0
Bank 4.9% and
160.0
BNB 3.6%
140.0
+104.8%
Positive
120.0
consolidated
93.2
100.0
operating
80.0
leverage achieved
+56.4%
36.3
60.0
(16.4% q-o-q
45.5
basis and 4.2% y-
40.0
29.1
19.6
56.9
o-y basis) as
10.8
20.0
25.9
Revenue grew
18.3
0.0
9.1% q-o-q and
1H 2005
1H 2006
Total Recurring
Net interest income
Operating Costs
lagged with 3.3% Revenue, quarterly
-2.8%
-2.2%
Revenue as a function of loan book change
2,200
162.3
158.6
2,150
2,100
61.4
60.4
61.7
2,050
2,000
1,950
1,900
105.6
101.9
96.9
1,850
1,800
1,750
1H 2009
1H 2010
1,700
1H 2007
1H 2008
Net non interest income
q-o-q growth.
GEL mln
+2.7%
100
Standalone
86.6
90
85.9
86.1
7.8
82.5
Revenue grew
81.1
5.0
81.7
80.6
79.3
7.8
80
77.4
75.9
6.5
9.4
7.1
9.0
15.3% q-o-q
14.9
10.7
10.4
9.5
1.7
10.7
70
8.8
10.8
8.8
13.2
1.9
1.4
while standalone
12.9
2.2
7.1
6.5
5.7
60
1.4
10.2
10.9
1.8
2.3
2.2
2.3
7.3
11.1
Total Recurring
2.2
10.9
10.2
11.6
12.0
12.6
50
10.3
Operating Costs
40
grew by 5.6% q-
30
o-q, achieving
55.8
58.9
56.4
49.8
52.4
49.5
48.9
51.7 62.4% of
46.0
45.3
20
positive
standalone
10
Total
Revenue
operating
0
leverage 8.4% on
Q1 2008
Q2 2008
Q3 2008 Q4 2008
Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010
q-o-q and 1.8%
Net Interest Income
on q-o-q basis
Net Income From Documentary Operations
Net Other Non-Interest Income
Net Fee & Commission Income
Net foreign currency related income
Lobko
BANK OF GEORGIA
www.bog.ge/ir
Revenue
GEL
162.3 mln
Revenue
GEL
158.6 mln
Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010
Revenue by segments Q2 2010
Belarus
3.6%,
GEL3.0 mln
(+1.6%-9-0-9)
Ukraine
4.9%,
GEL4.1 mln
(+33.5% q-0-
9)
Aldagi BCI
5.7%,
GEL4.7 mln
(+4.4% q-o-q)
Other
2.7%,
GEL2.3 mln
(-62.6% q-0-
9)
BOG
Standalone
83.0%,
GEL68.7 mln
(+15.7% q-0-
q)
October 2010
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