BANK OF GEORGIA Financial Performance and Strategy
Consolidated
Operating profit, Provision expense
Normalized net operating income
38.7
37.1
Net provision expense BoG Consolidated
GEL mln
120
100
80
103.2
Related to the
armed conflict
in August 2008
Net provision
GEL mln
40
expenses
improved by
39
8.0% q-o-q
38
37.1
37
36.6
36.3
Bank of
36
Georgia
35
Standalone Net
34
provision
expenses
declined by
31
1.9% q-o-q
222322229
33
30
34.3
34.3
60
80
60
32.5
40
40.7
32.1
30.0
27.6
......
10.9
20
20
7.5
7.2
0
Q1 2008 Q2 2008 Q3 2008 Q4 2008
Q1 2009 Q2 2009
Q3 2009
Q4 2009
BG Bank's Net
provision
expense
improved by
37.2% q-o-q
which drove
Net provision expense BoG Standalone
GEL mln
160
overall
changes higher
140
120
103.9
Net loss for Q4
100
2009 was GEL
102.4 mln.
2009 2009 Net
loss was GEL
864
80
60
40
99.0 mln
20
8.6
6.7
0
J...
(4.5)
-20 Q1 2008 Q2 2008 Q3 2008 Q4 2008
-40
24.0
29.6
Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009
Net provision expense BG Bank Standalone
GEL mln
30
25
20
18.2
15
10
13.0
11.0
9.3
8.1
17.7
17.4
5
0.4
(1.3)
0.5
0
Q1 2009 Q2 2009 Q3 2009 Q4 2009
Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009
(5)
Lobko
BANK OF GEORGIA
www.bog.ge/ir
April 2010
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