OPEX Ratio Alignment & Portfolio Valuation Overview
Listed
Portfolio
BANK OF GEORGIA
BANK OF GEORGIA OVERVIEW
http://bankofgeorgiagroup.com/
Stock price performance
40.00
35.00
30.00
25.00
20.00
15.00
10.00
5.00
May/18
Jun/18
Jul/18
Aug/18
Sep/18
Oct/18
Nov/18
Dec/18
Jan/19
Feb/19
Mar/19
Apr/19
May/19
Jun/19
Jul/19
Aug/19
Sep/19
Oct/19
Nov/19
Dec/19
Jan/20
Feb/20
Mar/20
Apr/20
May/20
Jun/20
Jul/20
Aug/20
Sep/20
Oct/20
Nov/20
Selected operating metrics
30-Jun-21
GBP 13.06
as of 30-Jun-22
Dec/20
Jan/21
Feb/21
Mar/21
Apr/21
May/21
Jun/21
Jul/21
Aug/21
Sep/21
Oct/21
Nov/21
Dec/21
Jan/22
Feb/22
Mar/22
Apr/22
May/22
Jun/22
30-Jun-22
Change
Active customers ('000)
1,362
1,563
+14.7%
2Q21
2Q22
Change
Number of transactions in mBank and iBank ('000)
26,327
41,329
57.0%
Profits & ROAE
Loan book growth
ROAE 21.9% 22.2%
25.2% 26.4% 26.1%
13.0%
25.8% 25.6% 31.8%
24.5%
727
20.8%
GEL million
500
370
379
274
296
341
295
516
21.4%
15.9%
27.0%
Financial metrics (GEL million)
2015 2016
2017 2018 2019 2020 2021 2Q21 2Q22
Change
y-o-y
NIM
7.7% 7.4%
7.3% 6.5% 5.6% 4.6% 4.9% 4.7% 5.3%
+0.6 ppts
NPL coverage
83.4% 86.7% 92.7%
90.5% 80.9% 76.3% 95.5% 73.1% 89.6%
+16.5 ppts
Loan
5,367 6,682 7,741
portfolio
Cost/income² 35.5% 37.7% 37.7% 36.7% 37.8% 39.7% 37.2% 36.4% 32.5%
GEL 16.1 billion gross loan portfolio breakdown* | 30 June 2022
9,398 11,931 14,192 16,169 14,789 16,300
+10.2%
-3.9 ppts
2015 2016 2017
2018 2019
2020
2021
1H21
1H22
2015
2016
2017
2018
2019
2020
2021
1H22
Corporate loans,
GEL 4,920 million,
30.6%
Retail loans,
GEL 11,171 million,
69.4%
* Bank of Georgia Standalone.
Dividend record (GEL million)
Payout 30%
ratio:
36%
33%
Total dividend paid for the year
Dividend yield
Share buyback
34%
18.9%
4.2%
4.0%
13.9%
3.1%
3.1%
3.2%
2.4%
2.7%
10.2%
GEORGIA
CAPITAL
32%
30%
30%
35%
GEL 72.7m
6.7%
Georgia Capital PLC | 1. 2019 ROAE is adjusted for termination costs of former CEO and executive management, while 2018 ROAE is adjusted for demerger related expenses, one-off impact of re-measurement of deferred tax balance and termination costs of the former CEO.
2. 2019 cost/income ratio adjusted for GEL 12.4 million one-off employee costs (gross of income tax) related to termination benefits of the former executive management. 3. Dividend yield for 2013-2021 is calculated based on the closing price of shares immediately prior to ex-
dividend date. 4. The interim dividend of GEL 1.48 million for 2021 was paid on 5 November 2021 and final dividend of GEL 2.33 million was paid on 14 July 2022 to shareholders. This made a total dividend paid in respect of the Bank's 2021 earnings of GEL 3.81 per share.
1844
122
124
98
72
80
102
51
2013
2014
2015
2016
2017
2018
2019
2020
2021
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