Tracking Georgia's Economic Recovery
TRACK RECORD OF DELIVERING STRONG RESULTS
Key medium targets remain unchanged
Nominal
Real
26.4%
25.2%
26.1%
27.0%
22.2%
ROAE
20%+
III
24.5%
21.4%
Loan book growth
17.4%
c.15%
22.0%
15.9% 19.0%
16.1%
2016
T
2017
2018* 2019**
2016
2017
2018
2019
ROBUST CAPITAL MANAGEMENT TRACK RECORD
Capital position: We aim to maintain c.200bps buffer for CET1
and Tier 1 capital ratios over minimum regulatory requirements
in the medium-term
Maintain regular dividend payouts: Aiming 25-40% dividend
payout ratio
GEL 648mln+ cash dividend paid during 2013-2019, within the
targeted payout range over past 7 years
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 3.9mln (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
PAYOUT
30%
36%
33%
34%
32% 30% 30%
RATIO:
4.0%
4.2%
3.1%
3.1%
3.2%
2.4%
2.7%
GEL MILLIONS
122
124
98
102
72
80
51
2013
2014
2015
2016
2017
2018
2019
Total dividend paid during the year
Dividend yield**
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