BGEO Group Financial Update
BOG | The leading bank in Georgia
■ Leading market position: No. 1 bank in Georgia by assets
(34.7%), loans (32.7%), client deposits (31.9%) and equity (31.5%)¹
■ Underpenetrated market with stable growth perspectives: Real
GDP average growth rate of 5.8% for 2004-2014. Geostat estimates
4.8% GDP growth in 2014. Loans/GDP grew from 9% to 44% in the
period of 2003-2014, still below regional average; Deposits/GDP
grew from 8% to 40% over the period
Strong brand name recognition and retail banking franchise:
Offers the broadest range of financial products to the retail market
through a network of 260 branches, 703 ATMs, 2,354 Express Pay
Terminals and c.1.9 million customers (includingc.400,000
Privatbank customers) as of 30 September 2015
■The only Georgian company with credit ratings from all three
global rating agencies: S&P: 'BB-', Moody's: 'B1/Ba3' (foreign
and local currency), Fitch Ratings: ‘BB-'; outlooks are 'Stable'
High standards of transparency and governance: The only entity
from Georgia to be listed on the premium segment of the Main
Market of the London Stock Exchange (LSE:BGEO) since February
2012. LSE listed through GDRs since 2006
■ Only private entity to issue Eurobonds from the Caucasus:
US$400 million Eurobonds outstanding including US$150 raised
through a tap issue in November 2013. The bonds are currently
trading at a yield of c.5.4%
■ Sustainable growth combined with strong capital, liquidity and
robust profitability
Balance Sheet
Banking Business
GEL million
+14.9%
+8.4%
+19.2%
+13.1%
+16.7%
9,140
5,367
4,441
4,650
3,567
3,482
2,914 3,127
3.141
1,904
2,724
1,596 1,875
10,000
9,000
8,000
7,044
7,000
6,158
6,000
5,333
5,000
4,000
3,000
1.231
2,000
903 1,064
1,248
1,000
0
Total assets
Liquid assets
Net loans to
Client deposits
Total equity
customers
■31-Dec-14
■30-Sep-15
CAGR 2012-2014
■31-Dec-12
Income Statement
Banking Business
GEL million
31-Dec-13
+39.4%
190.0
182.6
+10.3%
+14.5%
600
538
488
200
500
444
180
160
136.3
400
140
221
120
300
100
193
80
200
171
60
40
100
20
0
0
Revenue
Revenue
Profit
2012 2013 2014
3Q14 ■2015 3Q15
1E1
+31.9%
73.4
55.6
61.5
Profit
Change y-o-y
Holding company of BANK OF GEORGIA
BGEO www.bgeo.com
GROUP
November 2015
'Market data based on standalone accounts as published by the National Bank of Georgia (NBG) as of 30 September 2015 www.nbg.gov.ge
page 17View entire presentation