Expected Q4 2009 Financial Performance
Operating profit, Provision expense
Consolidated Net Normalized net operating income, profit
provision
expenses of
before provisions
improved by
26.3% q-o-q
Bank of Georgia
Standalone Net
GEL mln
60
Revaluation of investment
property, restructuring, etc
Net provision expense BoG Consolidated
GEL mln
45.1
120
40.5
38.7
40
36.6
37.1
36.3
37.136.8
33.7
34.3 34.0
34.332.4
80
provision
expenses declined
20
103.2
-26.3%
0
Q1 2008
Q2 2008
by 40.2% q-o-q
FBG Bank's Net
provision expense
grew by 17.1% q-
0-q which drove
overall changes
higher
Net income for
8.7
Net provision expense BoG Standalone
War Related
Provisions
40
40.7
32.1
30.0
15.0
7.5
7.2
0
Q3 2008
Q4 2008
Q1 2009
Q2 2009
Q3 2009
Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009
Q3 2009
Normalised Net Opearting Income
Profit before provisions
Net provision expense BG Bank Standalone
+17.1%
Q3 2009 was
GEL 2.6 mln.
2009 YTD Net
income was GEL
GEL mln
160
3.4 mln (161.2%
y-o-y growth)
110
GEL mln
20.0
-40.2%
15.0
103.9
10.0
60
24.0
29.6
17.7
5.0
6.7
8.6
(2.1)
(1.3)
10
0.4
0.5
18.2
9.3
11.0
13.0
lui
0.0
Q1 2008 Q2 2008 Q3 2008
Q4 2008
Q1 2009 Q2 2009
Q3 2009
Q1 2008
Q2 2008
Q3 2008
Q4 2008
Q1 2009
Q2 2009
Q3 2009
-40
-5.0
Lobko
BANK OF GEORGIA
www.bog.ge/ir
January 2010
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