Georgia's Economic Outlook 2020
1Q20 RESULTS HIGHLIGHTS
BALANCE SHEET HIGHLIGHTS*
KEY RATIOS*
18
GEL thousands
Mar-20
Mar-19
Change
y-o-y
Change
Dec-19
1Q20
1Q19
4Q19
9-0-9
ROAA**
-2.1%
3.1%
3.4%
Liquid assets
5,379,132
Cash and cash equivalents
1,507,142
Amounts due from credit
institutions
Investment securities
Loans to customers and finance
lease receivables
Property and equipment
Total assets
1,917,772 1,948,592
13,144,429 9,570,691
380,580
19,663,693
Client deposits and notes
10,835,918
349,728
15,054,570
8,393,861
4,502,390 19.5% 5,559,500 -3.2%
1,162,168 29.7% 2,153,624 -30.0%
1,954,218 1,391,630 40.4% 1,619,072 20.7%
-1.6% 1,786,804
7.3%
37.3% 11,931,262
8.8% 379,788
30.6% 18,569,497
ROAE**
-18.6%
24.5%
29.9%
Net interest margin
Loan yield
5.0%
6.0%
5.4%
10.8%
12.2%
11.4%
Liquid assets yield
3.9%
3.8%
3.7%
Cost of funds
4.7%
4.6%
4.7%
10.2%
Cost of client deposits and notes
3.1%
3.1%
3.0%
0.2%
Cost of amounts owed to credit institutions
7.6%
7.4%
7.4%
5.9%
Cost of debt securities issued
7.6%
7.5%
7.9%
29.1% 10,076,735
7.5%
Cost
Income***
38.6%
35.5%
39.3%
Amounts owed to credit
4,144,701
2,463,408
institutions
Borrowings from DFIs
1,689,610
Short-term loans from NBG
1,677,339
1,309,976 29.0%
585,797
68.3% 3,934,123
1,486,044
NMF 1,551,953
5.4%
NPLs to gross loans to clients
2.1%
3.3%
2.1%
NPL coverage ratio
147.2%
92.2%
80.9%
13.7%
8.1%
NPL coverage ratio adjusted for discounted value
194.9%
132.6%
139.6%
of collateral
Loans and deposits from
commercial banks
Debt securities issued
Total liabilities
777,752
2,294,431 2,045,428
17,616,438 13,135,789
2,047,255 1,918,781
567,635
37.0%
896,126 -13.2%
Cost of credit risk ratio
7.4%
1.7%
0.2%
12.2% 2,120,064
34.1% 16,418,589
6.7% 2,150,908
8.2%
7.3%
-4.8%
NBG (Basel III) CET1 capital adequacy ratio
NBG (Basel III) Tier I capital adequacy ratio
NBG (Basel III) Total capital adequacy ratio
8.3%
12.7%
11.5%
10.6%
12.7%
13.6%
15.3%
17.1%
18.1%
Total equity
The detailed financials of the Group are presented on pages 75-79
** The 1Q19 ROAA and ROAE are adjusted for GEL 10.2mln one-off employee costs (net of income tax)
related to termination benefits of the former CEO and executive management
*** 1Q19 cost/income ratio is adjusted for GEL 7.8mln one-off employee costs (gross of income tax)
related to termination benefits of the former executive managementView entire presentation