Investor Presentaiton
Q3 and 9 months 2010 P&L results highlights
Millions unless otherwise noted
Growth¹
Q3 2010
Q2 2010³
Positive
consecutive q-o-q
normalized
Bank of Georgia (Consolidated, IFRS-Based)
Net Interest Income
Net Non-Interest Income
Total Operating Income (Revenue)4
GEL
US$
GEL
US$ Q-O-Q
Q3 2009
GEL
Growth
2
US$
Y-O-Y
(Unaudited)
(Unaudited)
(Unaudited)
56.5
31.3
51.7
28.0
9.4%
48.9
29.2
15.5%
34.7
19.2
30.9
16.7
12.3%
30.4
18.1
14.1%
91.2
50.5
82.5
44.8
10.5%
79.3
47.3
15.0%
Recurring Operating Costs
51.0
28.2
47.8
25.9
6.7%
45.0
26.8
13.5%
operating
Normalized Net Operating Income³
40.1
22.2
34.7
18.8
15.6%
34.3
20.5
16.9%
leverage of 3.7%
Net Non-Recurring Income (Costs)
(1.6)
(0.9)
1.5
0.8
NMF
(1.9)
(1.1)
-13.6%
Profit Before Provisions
38.5
21.3
36.2
19.6
6.2%
32.4
19.3
18.7%
Net Provision Expense
Net Income/ (Loss)
EPS (basic)
14.2
7.9
12.6
6.8
12.8%
30.0
17.9
-52.6%
20.8
11.5
19.6
10.6
6.3%
2.6
1.6
NMF
0.66
0.37
0.63
0.34
6.3%
0.08
0.05
NMF
EPS (diluted)
0.60
0.33
0.56
0.31
6.3%
0.08
0.05
NMF
Millions unless otherwise noted
Bank of Georgia (Consolidated, IFRS-Based)
Net Interest Income
Net Non-Interest Income
Total Operating Income (Revenue)4
Recurring Operating Costs
Normalized Net Operating Income
Net Non-Recurring Income (Costs)
Profit Before Provisions
Net Provision Expense
Net Income/ (Loss)
EPS (basic)
EPS (diluted)
'Compared to Q2 2010, growth calculations based on GEL values.
2 Compared to the same period in 2009; growth calculations based on GEL values.
3 Q2 2010 and 6 months 2010 Consolidated numbers have been Reviewed
4 Revenue includes Net Interest Income and Net Non-Interest Income..
5 Normalized for Net Non-Recurring Costs.
LOLEJN
BANK OF GEORGIA
www.bog.ge/ir
9 months 2010
9 months 2009
Growth 2
GEL
US$
GEL
US$
Y-O-Y
(Unaudited)
(Unaudited)
153.4
84.9
150.8
89.9
1.7%
96.2
53.3
90.8
54.1
5.9%
249.6
138.2
241.6
144.1
3.3%
145.1
80.3
135.9
81.1
6.7%
104.5
57.9
105.7
63.0
-1.1%
(3.4)
(1.9)
(2.4)
(1.4)
40.9%
101.1
56.0
103.2
61.6
-2.1%
34.2
18.9
102.8
61.3
-66.8%
57.2
31.7
3.4
2.0
NMF
1.83
1.01
0.11
0.06
NMF
1.64
0.91
0.10
0.06
NMF
November 2010
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