Investor Presentaiton
Georgia accounts
Revenue
for 83.0% of total Revenue
consolidated
+79.2%
167.0
revenues, BG
180.0
Bank 4.9% and
160.0
BNB 3.6%
140.0
+104.8%
Positive
120.0
consolidated
93.2
100.0
operating
80.0
leverage achieved
+56.4%
36.3
60.0
(16.4% q-o-q
45.5
basis and 4.2% y-
40.0
29.1
19.6
56.9
o-y basis) as
10.8
20.0
25.9
Revenue grew
18.3
0.0
9.1% q-o-q and
1H 2005
1H 2006
Total Recurring
Net interest income
Operating Costs
-2.8%
-2.2%
162.3
158.6
61.4
60.4
61.7
105.6
101.9
96.9
1H 2007
1H 2008
1H 2009
1H 2010
Net non interest income
Revenue by segments Q2 2010
Belarus
3.6%,
GEL3.0 mln
(+1.6% q-0-9)
Ukraine
4.9%,
GEL4.1 mln
(+33.5% q-0-
9)
Aldagi BCI
5.7%,
GEL4.7 mln
(+4.4% q-o-q)
Other
2.7%,
GEL2.3 mln
(-62.6% q-0-
BOG
Standalone
83.0%,
GEL68.7 mln
(+15.7% q-0-
9)
lagged with 3.3% Revenue, quarterly
q-o-q growth.
GEL mln
+2.7%
100
Standalone
86.6
90
86.1
85.9
82.8
Revenue grew
81.1
81.7
80.6
79.3
77.4
80
75.9
15.3% q-o-q
while standalone
70
30.3
27.1
30.2
29.3
31.1
31.3
31.1
Total Recurring
30.4
31.3
60
30.6
Operating Costs
50
grew by 5.6% q-
Composition of revenue Q2 2010
Net foreign
currency related
income 10.7%,
GEL 8.8 mln
(+20.5% q-o-q)
Net fee and
commision
income 13.1%,
GEL 10.9 mln
(+5.2% q-o-q)
Net income from
documentary
operations 2.6%,
GEL 2.2 mln
(-1.1% q-o-q)
o-q, achieving
40
positive
30
55.8
58.9
56.4
52.4
standalone
49.8
49.5
48.9
51.7
46.0
45.3
20
operating
leverage 8.4% on
10
q-o-q and 1.8%
0
on q-o-q baisis
Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010
Net Interest Income Net Non-Interest Income
Net other non-
interest income
11.2%,
GEL 9.3 mln
(-14.3% q-o-q)
Net interest
income 62.4%,
GEL 51.7 mln
(+14.2% q-o-q)
Lobko
BANK OF GEORGIA
www.bog.ge/ir
September 2010
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