BGEO Group Financial Update
3Q15
83,141
19,982
5,202
2,861
111,186
(22,466)
Retail Banking (RB) | Strong loan book growth
PL | Retail Banking
RB Consolidated
Income statement Highlights
GEL thousands, unless otherwise noted
Net banking interest income
Net fee and commission income
Net banking foreign currency gain
Net other banking income
Revenue
Salaries and other employee benefits
Change
Change
Change
3Q14
2Q15
9M15
9M14
y-o-y
q-o-q
y-0-y
54,533
52.5%
79,269
4.9%
237,560
155,478
52.8%
15,498
28.9%
18.406
8.6%
56,954
41,509
37.2%
4,310
20.7%
4,305
20.8%
13,412
12,550
6.9%
928
NMF
1,384
106.7%
5,209
2,754
89.1%
75,269
47.7%
103,364
7.6%
313,135
212,291
47.5%
(18,087)
24.2%
(22,416)
0.2%
(68,478)
(51,580)
32.8%
Administrative expenses
(12,081)
(9,218)
31.1%
(11,632)
3.9%
(35,953)
(26,321)
36.6%
Banking depreciation and amortisation.
(6,806)
(4,950)
37.5%
(6,818)
-0.2%
(20,455)
(14,375)
42.3%
Other operating expenses
(353)
(298)
18.5%
(496)
-28.8%
(1,312)
(1,035)
26.8%
Operating expenses
(41,706)
(32,553)
28.1%
(41,362)
0.8%
(126,198)
(93,311)
35.2%
Operating income before cost of credit risk
69,480
42,716
62.7%
62,002
12.1%
186,937
118,980
57.1%
Cost of credit risk
(22,713)
(6,587)
NMF
(20,662)
9.9%
(60,035)
(6,959)
NMF
Net non-recurring items
(3,128)
(284)
NMF
(2,875)
8.8%
(6,451)
(5,051)
27.7%
Profit before income tax
43,639
35,845
21.7%
38,465
13.5%
120,451
106,970
12.6%
Income tax expense
Profit
(4,747)
(5,621)
-15.5%
(5,900)
-19.5%
(16,386)
(11,878)
38.0%
38,892
30,224
28.7%
32,565
19.4%
104,065
95,092
9.4%
Loan Yields | Retail Banking
RB standalone
Deposit Costs | Retail Banking
RB standalone
120%
25%
120%
21.4%
6.1%
19.8%
100%
100%
5.2%
17.4%
17.5%
20%
80%
80%
4.0%
3.8%
15%
41.1%
60%
49.9%
50.5%
60%
52.1%
58.9%
10%
49.5%
47.9%
63.6%
40%
40%
69.4%
67.6%
50.1%
74.3%
5%
20%
20%
36.4%
30.6%
32.4%
25.7%
0%
2012
2013
Net loans, RB, GEL
Net loans, RB, FC
0%
0%
2014
9M 2015
2012
2013
2014
9M 2015
Client deposits, RB, FC
Currency-blended loan yield, RB
Client deposits, RB, GEL
Currency-blended cost of client deposits, RB
Holding company of BANK OF GEORGIA
BGEO www.bgeo.com
GROUP
November 2015
1%
0%
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7%
5%
4%
3%
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