Bank of Georgia Growth and Reform Strategy
FOCUS ON EFFICIENCY
Cost / Income | quarterly
Banking Business
40%
Banking Business
40%
39.3%
37.9%
35%
35%
36.9%
30%
25%
20%
4Q18
3Q19
4Q19
30%
25%
Cost / Income* | full year
36.7%
20%
2018
37.8%
2019
Operating income and operating expenses | quarterly
Banking Business
Operating income and operating expenses* | full year
Operating Leverage*: -7.3% y-o-y
Banking Business
Operating Leverage*: -3.2% y-o-y
-4.1% q-o-q
400
309.3
285.0
GEL millions
273.1
300
200
100.9
107.9
121.5
100
GEL millions
O
4Q18
Operating income
3Q19
4Q19
Operating expenses
1,200
1,030.0
1,000
800
600
378.5
400
200
O
2018
Operating income
1,110.3
419.9
2019
Operating expenses
BANK OF GEORGIA * Operating expenses, operating leverage and cost/income ratio are adjusted for one-off costs. Please see details on one-offs on pages 66-67 for all
the periods presented.
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