Retail Banking Financial Update

GROUP INCOME STATEMENT Change Change Change GEL thousands, unless otherwise noted Interest income Interest expense Net interest income Fee and commission income Fee and commission expense Net fee and commission income Net foreign currency gain Net other income Operating income 4Q20 4Q19 3Q20 2020 2019 y-o-y q-o-q y-o-y 420,398 (218,802) 201,596 77,382 393,480 (186,389) 6.8% 407,666 3.1% 1,595,427 1,437,161 11.0% 17.4% (203,636) 7.4% (817,785) (647,742) 26.3% 207,091 -2.7% 204,030 -1.2% 777,642 789,419 -1.5% 77,472 -0.1% 71,793 7.8% 274,458 284,193 -3.4% (30,424) (30,914) -1.6% (26,261) 15.9% (108,955) (104,179) 4.6% 46,958 46,558 0.9% 45,532 3.1% 165,503 180,014 -8.1% 26,457 37,177 -28.8% 19,179 37.9% 99,040 119,363 -17.0% 25,016 18,439 35.7% 7,750 NMF 48,474 21,474 125.7% 300,027 309,265 -3.0% 276,491 8.5% 1,090,659 1,110,270 -1.8% Salaries and other employee benefits (excluding one-offs) (64,243) (61,504) 4.5% (58,171) 10.4% (239,607) (231,443) 3.5% One-off termination costs of former executive management (1) (12,412) NMF Salaries and other employee benefits (64,243) (61,504) 4.5% (58,171) 10.4% (239,607) (243,855) -1.7% Administrative expenses (31,617) (35,131) -10.0% (24,443) 29.3% (105,531) (106,157) -0.6% Depreciation, amortisation and impairment (21,283) (23,815) -10.6% (19,125) 11.3% (82,937) (78,118) 6.2% Other operating expenses (1,714) (1,095) Operating expenses (118,857) (121,545) Profit from associates Operating income before cost of risk Expected credit loss on loans to customers Expected credit loss on finance lease receivables 154 181,324 (14,579) (381) Other expected credit loss and impairment charge on other assets and provisions Cost of risk (23,471) 153 187,873 (7,985) 451 (6,698) 56.5% -2.2% 0.7% -3.5% 82.6% (873) (102,612) 214 174,093 96.3% (4,560) (4,228) 7.9% (5,836) 15.8% -28.0% 4.2% 149.8% (432,635) (432,358) 0.1% 782 658,806 (236,983) 789 -0.9% 678,701 -2.9% (94,155) 151.7% NMF (2,371) -83.9% NMF (2,735) NMF (8,025) (55,989) (885) NMF (38,431) (14,232) NMF (10,942) NMF Net operating income before non-recurring items 142,893 173,641 -17.7% 163,151 -12.4% Net non-recurring items (excluding one-offs) 21 (1,591) NMF 254 -91.7% (300,997) 357,809 (41,311) (12,544) (107,584) NMF NMF 571,117 -37.3% (10,723) NMF One-off termination costs of former CEO (2) (3,985) NMF Net non-recurring items 21 (1,591) NMF 254 -91.7% (41,311) (14,708) NMF Profit before income tax expense 142,914 172,050 -16.9% 163,405 -12.5% 316,498 556,409 -43.1% Income tax expense (excluding one-offs) (11,065) (15,515) -28.7% (15,051) -26.5% (21,555) (58,619) -63.2% Income tax benefit related to one-off termination costs of former CEO and executive management (3) 2,161 NMF Income tax expense (11,065) (15,515) -28.7% (15,051) -26.5% (21,555) Profit 131,849 156,535 -15.8% 148,354 -11.1% 294,943 (56,458) 499,951 -61.8% -41.0% (14,236) NMF One-off items (1)+(2)+(3) Profit attributable to: - shareholders of the Group - non-controlling interests Earnings per share (basic) Earnings per share (diluted) 131,220 629 155,823 712 -15.8% -11.7% 147,704 -11.2% 293,584 497,664 -41.0% 650 -3.2% 1,359 2,287 -40.6% 2.76 3.30 -16.4% 3.11 -11.3% 6.17 10.45 -41.0% 2.76 3.29 -16.1% 3.11 -11.3% 6.17 10.42 -40.8% 84

View entire presentation