Investor Presentaiton
STRONG PROFITABILITY NOTWITHSTANDING THE PANDEMIC
TRACK RECORD OF STRONG PROFITABILITY
26.0%
21.8%
21.3%
21.5%
20%
OUTSTANDING QUARTERLY PERFORMANCE
Bank of Georgia's performance has been very strong in 2Q21:
Strong balance sheet growth with better than expected levels of
lending in consumer, micro and SME portfolios
Robust operating income performance. Net interest income up
7.5% q-o-q, coupled with strong net fee and commission income
generation, up 17.6% q-o-q, on the back of a strong performance in
the payments and settlement operations
Net interest margin of 4.7%, up 20 basis points q-o-q in 2Q21
Costs well-managed, with 36.4% cost to income ratio, while
continuing to invest in IT-related resources, digitalisation and
marketing
Lending portfolio performing extremely well. Annualised cost of
credit risk ratio was a net gain of 0.6% in 2Q21. The
non-performing loans ratio remained stable at 3.5%, down 10 basis
points q-o-q
Robust capital adequacy ratios, comfortably above the increased
minimum regulatory requirements. We do not utilise previously
released capital buffers by the NBG
Superior levels of profitability. Despite a still challenging operating
environment, delivering ROAE of 29.4% in 2Q21, fifth consecutive
quarter of delivering profitability above 20% during the pandemic
26
26
29.4%
1Q20
2Q20
3Q20
4Q20
1Q21
2Q21
-18.6%View entire presentation