P&C Insurance and Beverages Business Financial Overview
Listed
portfolio
Bank of Georgia (BOG) Overview
http://bankofgeorgiagroup.com/
BANK OF GEORGIA
Market opportunity
GEORGIA
CAPITAL
Investment rationale
■ The first entity from Georgia to be listed on the premium segment of the Main Market of the
London Stock Exchange (LSE:BGEO) since February 2012
High standards of transparency and governance
Leading market position¹ in Georgia by assets (36.3%), loans (34.9%), client deposits (36.3%)
and equity (29.8%) as of 31 December 2019
■Market with stable growth perspectives
■ Strong brand name recognition and retail banking franchise
Sustainable growth combined with strong capital, liquidity and robust profitability
Outstanding ROAE performance
"
Dividend per share growing at 30.7% CAGR in 2010-2019 years
Value creation potential
■Loan book growth c.15%
■ Maintenance of dividend pay-out ratio within 25-40%
Banking sector assets, loans and deposits
50
40
30
CAGR 25.0%
47.2
39.7
34.6
30.1
31.9
25.2
26.6
20.6
22.3
26.2
20
10 1.3
1.7 2.5
4.2 7.2
4.6
0.8 0.9 1.7
2.7
1.0
0.7
1.3
2.1
8.9 8.3 10.6
6.0
6.3
5.2
3.2 3.6 4.0 5.5
12.7 14.4
17.3
18.9
23.0
16.0
19.8
13.0
10.5
17.0
76.7 8.7
14.3
7.6 97
11.6
0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Banking business key targets
ROAE
20%+
Loan book
growth c.15%
(1)Market data based on standalone accounts as published by the National Bank of Georgia (NBG) www.nbg.gov.ge
Source: NBG
Assets, GEL bln
Loans, GEL bln
Deposits, GEL bln
Robust capital management track record
Capital position: aiming to maintain +200bps buffer for CET1 and Tier 1 capital
ratios over minimum regulatory requirement during the medium term
> Regular dividends: Aiming 25-40% dividend payout ratio
➤ Cash dividend paid GEL 648mln + during 2013-2019, within the targeted payout
range over past 7 years
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