Management Target and Financial Overview
Total
Recurring
Costs
Recurring operating costs
GEL mln
250
Employees
Q4 2009
4,781
Operating
621
2,674
costs decreased
200
190.9
182.9
4,798
Q3 2009
2,669
617
by 2.0 y-o-y in
4,914
Q2 2009
2,665
707
2009
150
86.5
117.4
92.7
Q1 2009
4,964
2,692
757 1
4,977
Q4 2008
2,741
Non Net Non-
786
100
41.8
6,196
Recurring
63.5
Q3 2008
3,853
842
Costs of GEL
50
38.5
30.2
104.4
Q2 2008
5,911
90.3
836
3,619
75.6
108.6 mln
15.3
4,926
Q1 2008
33.3
8241
3,056
driven by
23.2
0
4,459
Q4 2007
2,692
821
goodwill write-
down
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
associated with
2005
2006
2007
2008
2009
Personel costs
Other Recurring Operating Costs
BG Bank
BoG Standalone
Group Consolidated
BG Bank
(GEL68 mln)
Recurring operating costs
Net non-recurring costs
and mark down
of real estate
GEL mln
20
and
GEL mln
60
(2.0)
0
4.7
investments
48.9
49.7 47.9
47.0
(20.7)
50
44.5
44.7
46.3
45.0
-20
2005
2006
2007
2008
40
21.6
21.3
2009
(68.0)
18.7
24.8
23.1
24.2
-40
30
22.7
22.6
30
20
20
60
-60
25.7
27.3
28.4
10
23.1
22.0
23.2
22.3
22.8
-80
0
-100
Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009
Personnel Costs.
Other Recurring Operating Costs
Lobko
BANK OF GEORGIA
www.bog.ge/ir
Page 33
-120
■Net Non-Recurring Income (Costs)
■Losses related to Real Estate
Other
(21.9)
(13.0)
(5.7)
Goodwill Impairment associated with BG Bank
Losses related to investments
April 2010
Page 33View entire presentation