Investor Presentaiton
The Group delivered a strong performance in 4Q23 and FY23
Highlights of the quarter
Profit
GEL 329m
ROE
26.7%
C/I
34.3%
up 0.8% y-o-y
Highlights of the year
Profit
GEL 1,375m
ROE
29.9%
C/I
29.8%
up 21.4% y-o-y
December 2023
NPS
59
MAU
1.4m
up 21.0% y-o-y
Due to the settlement of a legacy claim, the fair value revaluation of the receivable resulted in a one-off other income of GEL 1.5 million posted in 4Q23 and one-off other income of GEL 22.6 for FY23. Net other income has been adjusted for these
one-offs. Due to the settlement of the same legacy claim, 4Q22 and FY22 net other income was adjusted for a one-off GEL 391.1 million. 4Q22 and FY22 income tax expense was also adjusted for a one-off GEL 79.3 income tax expense due to an
amendment to the corporate taxation model in Georgia. As a result, profit, ROAA and ROAE were adjusted for both one-off other income and one-off income tax expense where applicable and Cost:income ratios were adjusted for one-off other
income where applicable.
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