Bank of Georgia Financial Overview
Corporate Banking (CB): Improved efficiency and profitability
Corporate Banking (CB)
GEL millions, unless otherwise noted
Period end
Net interest income
Net fees and commission income
Net gains from foreign currencies
Other operating non-interest income
Operating income from other segments
Revenue
Other operating non-interest expenses
Operating income before cost of credit risk
Cost of credit risk
Profit for the period from continuing operations
Cost / Income
Corporate Banking loan yields
Q1 2012
Q1 2011
Change
2011
2010
Change
17.8
20.7
-14.0%
72.8
74.8
-2.6%
7.1
4.6
54.3%
20.3
16.6
22.5%
8.4
4.8
75.0%
29.0
21.4
35.7%
1.2
0.6
100.0%
6.6
(2.1)
NMF
2.8
2.1
33.3%
6.6
12.5
-46.8%
37.2
32.8
13.4%
135.4
123.1
10.0%
11.2
11.9
-5.9%
54.7
43.8
24.9%
26.0
20.9
24.4%
80.8
79.3
1.8%
1.3
9.2
-85.9%
25.6
12.8
99.8%
21.2
10.0
112.0%
60.1
68.7
-12.6%
30.1%
36.3%
40.4%
35.6%
Corporate Banking deposit costs
120.0%
13.0%
120.0%
100.0%
80.0%
60.0%
78.0%
40.0%
20.0%
22.0%
0.0%
2009
17.0%
8.3%
11.0%
100.0%
Deposit
16.5%
16.4%
9.0%
rate cuts
16.2%
80.0%
16.0%
50.3% 7.7%
38.4%
55.0%
44.7%
7.0%
not yet
15.5%
60.0%
7.1%
reflected in
84.6%
83.4%
77.9%
15.0%
5.6%
5.0%
the Q1 CB
14.4%
40.0%
14.5% 14.5%
61.6%
3.0%
cost of
49.7%
55.3%
14.0%
20.0%
45.0%
1.0%
deposits
15.4%
2010
16.6%
2011
22.1%
13.5%
0.0%
-1.0%
13.0%
2009
2010
2011
Q1 2012
Q1 2012
Gross Loans, CB, GEL
Gross Loans, CB, FC
Loan Yield,Currency Blended, CB
Client Deposits, CB, GEL
Client Deposits, CB, FC
Deposit Yield, Currency Blended, CB
BANK OF GEORGIA
www.bogh.co.uk
www.bankofgeorgia.ge/ir
May 2012
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