Banking Sector Financial Highlights
Track record of growth and strong performance
37
32
26.1%
58
59
55
46
45
1,263
853
699
727
514 519
295
1,132 1,121
1,046
2019
2020
2021
2022
9M23
Profit (GEL millions)
I Digital MAU (thousands)
NPS
13.0%
32.4%
31.1%
25.8%
2019
2020
2021
2022
9M23
27.0%
ROAE
20%+
18.9% 19.8%
19.0%
22.0%
12.9%
Loan book YoY
growth
17.6%
13.9%
c.10%
10.2%
2019
2020
2021
4.3%
2022
9M23
Nominal
Constant currency basis
2019 ROAE and profit were adjusted for GEL 14.2m (net of income tax) termination costs of a former CEO and executive management
2022 ROAE and profit were adjusted for a one-off GEL 391.1m other income related to the settlement of an outstanding legacy claim, and a one-off GEL 79.3m income tax expense due to an amendment to the corporate taxation model
in Georgia applicable to financial institutions
9M23 ROAE and profit were adjusted for a one-off GEL 21.1m other income related to the settlement of an outstanding legacy claim
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