2022 and 1H22 Financial Results
Track record of strong performance
ROAE
20%+
31.8%
26.4% 26.1%
25.8%
13.0%
2018 2019** 2020 2021 1H22
11
27.0%
21.4%
18.9% 19.8%
Loan book YoY growth
17.8%
22.0%
c.10%
19.0%
13.9%
10.2%
10.2%
2018
2019
2020
2021
1H22
Nominal
Constant currency
basis
CAPITAL DISTRIBUTION
Our policy is to maintain regular progressive semi-annual dividend payouts:
aiming at a 30-50% dividend/share buyback payout ratio
Total dividend of GEL 3.81 per ordinary share paid in respect of the Group's
2021 earnings (dividend payout ratio of 25%). In addition, on 30 June 2022, the
Board announced the commencement of a GEL 72.7 million share buyback and
cancellation programme, bringing the total payout ratio to 35%
The Board has declared an interim dividend of GEL 1.85 per ordinary share in
respect of the period ended 30 June 2022. In addition, after the completion of
the current share buyback and cancellation programme, the Board will extend
the programme by a further GEL 40 million
Adjusted for GEL 30.3m demerger-related costs, a GEL 8.0m demerger-related corporate income tax gain, a
GEL 30.3m one-off impact of re-measurement of deferred tax balances and a GEL 3.9m (net of income tax)
termination costs of former CEO..
Adjusted for GEL 14.2m (net of income tax) termination costs of former CEO and executive management.
Dividend yield for 2013-2021 is calculated based on the closing price of shares immediately prior to ex-dividend
date.
PAYOUT
RATIO:
30% 36% 33% 34% 32% 30% 30%
35%
GEL 72.7m
6.7%
4.0%
4.2%
2.4%
3.2%
3.1%
2.7%
3.1%
72
551
22
184
122 124
98 102
80
2013 2014 2015 2016 2017 2018
Total dividend paid (GEL million)
2019 2020 2021
Dividend yield***
Share buybackView entire presentation