Bank of Georgia Financial Overview
Retail Banking (RB): Strong growth of revenue, loans and deposits, deposit rate cuts
Retail Banking (RB)
GEL millions, unless otherwise noted
Period end
Net interest income
Net fees and commission income
Q1 2012
39.0
Q1 2011
% Change
2011
2010
% Change
31.4
24.2%
141.5
116.4
21.6%
11.7
9.7
20.6%
49.8
42.1
18.1%
Net gains from foreign currencies
3.0
2.0
50.0%
12.2
9.2
32.6%
Other operating non-interest income
1.0
0.6
66.7%
6.0
1.2
NMF
Operating income from other segments
Revenue
0.3
0.3
1.6
0.5
NMF
54.9
44.1
24.5%
211.0
169.4
24.6%
Other operating non-interest expenses
26.4
24.3
8.6%
109.4
97.9
11.7%
Operating income before cost of credit risk
28.5
19.8
43.9%
101.7
71.6
42.1%
Cost of credit risk
4.7
-4.4
NMF
(3.1)
29.1
NMF
Profit for the period from continuing operations
22.1
23.0
-3.9%
110.4
40.0
NMF
Cost/Income
48.1%
55.1%
51.8%
57.8%
Retail Banking loan yields
Retail Banking deposit costs
120.0%
23.0%
22.5%
100.0%
13.0%
100.0%
22.4%
90.0%
11.0%
22.0%
80.0%
80.0%
21.4%
52.6%
51.3%
21.5%
70.0%
9.0%
6.7%
6.5%
60.0%
76.5%
61.8%
60.0%
21.0%
21.0%
7.8%
7.0%
20.5%
50.0%
7.5%
5.0%
20.5%
40.0%
40.0%
76.0%
77.3%
73.2%
73.1%
30.0%
3.0%
20.0%
47.4%
48.7%
20.0%
20.0%
38.2%
19.5%
10.0%
24.0%
22.7%
26.8%
26.9%
1.0%
23.5%
0.0%
-1.0%
0.0%
19.0%
2009
2010
2011
Q1 2012
2009
2010
Gross Loans, RB, GEL
Gross Loans, RB, FC
2011
Q1 2012
Loan Yield, Currency Blended, RB
Client Deposits, RB, GEL
Client Deposits, RB, FC
Deposit Yield, Currency Blended, RB
LAUKO 5630
BANK OF GEORGIA
www.bogh.co.uk
www.bankofgeorgia.ge/ir
May 2012
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