Banking Sector Financial Highlights
Key ratios
KEY RATIOS
3Q23
3Q22
2Q23
9M23
9M22
ROAA*
ROAE*
Net interest margin
4.8%
4.4%
5.6%
4.9%
4.3%
30.7%
32.4%
34.6%
31.1%
32.0%
6.6%
5.3%
6.6%
6.5%
5.3%
Loan yield
12.6%
11.6%
12.7%
12.6%
11.4%
Liquid assets yield
4.7%
4.2%
4.7%
4.6%
4.3%
Cost of funds
4.7%
4.9%
4.8%
4.7%
5.0%
Cost of client deposits and notes
4.2%
3.6%
4.1%
4.0%
3.6%
Cost of amounts owed to credit Institutions
8.0%
9.1%
8.3%
8.3%
9.0%
Cost of debt securities issued
8.6%
7.3%
7.9%
8.0%
7.1%
Cost:income ratio*
28.8%
30.6%
26.9%
28.2%
32.5%
NPLs to gross loans
2.4%
2.4%
2.4%
2.4%
2.4%
NPL coverage ratio
69.1%
89.4%
70.4%
69.1%
89.4%
NPL coverage ratio adjusted for the discounted value of
collateral
122.1%
138.0%
126.4%
122.1%
138.0%
Cost of credit risk ratio
0.6%
1.0%
0.8%
0.8%
0.8%
NBG (Basel III) CET 1 capital adequacy ratio
n/a
14.8%
n/a
n/a
14.8%
Minimum regulatory requirement
n/a
11.6%
n/a
n/a
11.6%
NBG (Basel III) Tier I capital adequacy ratio
n/a
17.0%
n/a
n/a
17.0%
Minimum regulatory requirement
n/a
13.8%
n/a
n/a
13.8%
NBG (Basel III) Total capital adequacy ratio
Minimum regulatory requirement
n/a
20.3%
n/a
n/a
20.3%
n/a
17.2%
n/a
n/a
17.2%
IFRS-based NBG (Basel III) CET 1 capital adequacy ratio
18.5%
n/a
18.7%
18.5%
n/a
Minimum regulatory requirement
14.7%
n/a
14.6%
14.7%
n/a
IFRS-based NBG (Basel III) Tier I capital adequacy ratio
20.4%
n/a
20.6%
20.4%
n/a
*Ratios for 2Q23 and 9M23 were adjusted
for a one-off GEL 21.1 million of other
income related to the settlement of an
outstanding legacy claim
Minimum regulatory requirement
16.9%
n/a
16.9%
16.9%
n/a
IFRS-based NBG (Basel III) Total capital adequacy ratio
22.7%
n/a
22.6%
22.7%
n/a
Minimum regulatory requirement
19.9%
n/a
19.8%
19.9%
n/a
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