Bank of Georgia Financial Overview 2021
STRONG PROFITABILITY NOTWITHSTANDING THE PANDEMIC
23
23
OUTSTANDING QUARTERLY PERFORMANCE
Strong balance sheet growth with better than expected levels of
lending in the consumer, micro and SME portfolios
Strong operating income performance. Net interest income up
11.0% q-o-q, coupled with strong net fee and commission income
generation, up 2.6% q-o-q, on the back of a strong performance in
our settlement operations
Net interest margin of 5.3%, up 30 basis points q-o-q
TRACK RECORD OF STRONG PROFITABILITY
26.0%
21.8%
21.3% 21.5%
20%
29.4%
26.4%
25.7%
Cost to income ratio of 39.8%, up from 36.8% in 3Q21, mainly
driven by strong business growth, and increased investments in IT-
related resources, digitalisation, and marketing
Lending portfolio performing well. Annualised cost of credit risk
ratio was a net gain of 0.2% in 4Q21. The non-performing loans
ratio improved to 2.4% from 2.6% in 3Q21
1Q20
2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
4Q21
Robust capital adequacy ratios, comfortably above the increased
minimum regulatory requirements. We no longer use the capital
buffers previously released by the NBG
Superior levels of profitability. Despite a still challenging operating
environment, delivering ROAE of 26.4% in 4Q21, the seventh
consecutive quarter of delivering profitability above 20% during the
pandemic
-18.6%View entire presentation