Investor Presentaiton
TRACK RECORD OF DELIVERING STRONG RESULTS
24
24
Medium-term loan book growth target revised from c.15% to c.10%
Nominal
Constant currency basis
25.2% 26.4%
26.1%
25.7%
27.0%
21.4%
ROAE
20%+
III
2017 2018* 2019** 2020 9M21
13.0%
Loan book growth YoY 17.4%
18.9%
17.7%
c.10%
22.0%
19.0%
15.9%
10.2%
14.3%
2017
2018
2019
2020
9M21
ROBUST CAPITAL MANAGEMENT TRACK RECORD
•
Maintain regular progressive semi-annual dividend payouts:
aiming 30-50% dividend/share buyback payout ratio
Given higher levels of lending growth in the near term, the
Board currently expects the payout ratio to be
approximately 35-40% over the next two years
GEL 648mln+ cash dividend paid during 2013-2019
An interim dividend of GEL 1.48 per ordinary share was paid
on 5 November 2021
Adjusted for GEL 30.3mln demerger related costs, GEL 8.0mln demerger related corporate income tax gain,
GEL 30.3mln one-off impact of re-measurement of deferred tax balances and GEL 3.9min (net of income
tax) termination costs of the former CEO
Adjusted for GEL 14.2mln (net of income tax) termination costs of the former CEO and executive management
Dividend yield is calculated based on the closing price of shares immediately prior to ex-dividend date
REGULAR DIVIDENDS
GEL MILLIONS
PAYOUT 30% 36% 33%
RATIO:
34% 32% 30% 30%
4.0%
4.2%
3.1%
3.1% 3.2% 2.4%
2.7%
Interim
dividend
122
124
98
102
72
80
70
51
2013
2014 2015 2016 2017 2018
Total dividend paid during the year
2019 2020 2021
Dividend yield***View entire presentation