BANK OF GEORGIA Financial Performance and Strategy
Profitability & selected ratios
Net Income (Loss)
GEL mln
Net loans/Client deposits
GEL mln
200%
100
75.6
80
60
40
26.8
13.6
20
0.2
100%
0
2005
2006
2007
2008
2009
(20)
(40) -
(60) -
(80)
(100)
0%
(99.0)
(120)
Net interest margin (annualized)
12%
174.4% 168.7%
170.6%
160.6%
147.8%
131.7%
140.3%
136.9%
Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009
Cost Income Ratio*
80%
9.8%
10.1%
9.6%
10%
10.0%
8.9%
9.1%
9.3%
9.9%
60%
56.2%
57.0%
53.5%
9.8%
9.2%
9.0%
9.3%
9.0%
9.1%
8.9%
8% 8.1%
8.6%
7.5%
47.8%
44.9%
46.5%
40%
47.2%
47.9%
44.5%
6%
4%
2%
26
20%
0%
0%
Q4 2007
Q1 2008
Q2 2008
Q3 2008 Q4 2008 Q1 2009
Q2 2009
Q3 2009
Q4 2009
2007
Net Interest Margin, Group Consolidated
Net Interest Margin, BoG Standalone
Lobko
BANK OF GEORGIA
www.bog.ge/ir
2008
Cost/Income Ratio, Consolidated
-Cost/Income Ratio, Bank of Georgia Standalone
Cash Cost/Income normalized, Consolidated
*Normalized for Total Non- recurring costs
2009
April 2010
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