Expected Q4 2009 Financial Performance
In Q3 2009 Total
operating
Income/Revenue
was GEL 79.3 mln
Revenue
Revenue
GEL mln
100
85.9
86.6
86.1
81.7
81.1
80.6
79.3
(-1.6% q-o-q
decline)
30.3
27.1
30.2
31.3
29.3
31.1
30.4
In 9 months 2009
50
Total operating
Income/Revenue
was GEL 241.6 mln
(-4.5% y-o-y
decline)
55.8
58.9
56.4
49.8
52.4
49.5
48.9
0
Q1 2008
Q2 2008
Q3 2008
Q4 2008 Q1 2009
Q2 2009
Q3 2009
Net Interest Income Net Non-Interest Income
Revenue by segments Q3 2009
Belarus
2.6%
GEL 2.1mln
(22.6% q-o-q)
Aldagi BCI
8.0%
GEL6.3mln
(1.9% q-o-q)
Other
5.2%
GEL 4.1 mln
(-13.9% q-o-q)
Ukraine
6.6%
GEL 5.3mln
(-5.9% q-o-q)
BoG
Standalone
77.6%
GEL61.5 mln
(-1.3% q-o-q)
Net interest margin (annualized)
Georgia accounts
for 90.8% of total
consolidated
revenues, BG Bank
6.6% and BNB
2.6%
Even though our
excess liquidity in
Georgia exceeded
GEL 320 mln, our
net interest margin
stayed unchanged at
9.1% in Q3 2009
Composition of revenue Q3 2009
Net foreign
Net income from
currency related documentary
operations 2.9%
income 8.2%
Net fee and
commission income
GEL 6.5 mln
(-8.4% q-o-q)
GEL 2.3 mln
(30.6% q-o-q)
13.3%
GEL 10.5 mln
(-9.3% q-o-q)
Net other non-
interest income
14.0%
GEL 11,1 mln
(+3.5% q-o-q)
11.0%
Net interest income
7.0%
61.7%
GEL 48.9 mln
(-1.1% q-o-q)
6.0%
Lobko
BANK OF GEORGIA
www.bog.ge/ir
Page 40
10.1%
9.8%
10.0%
10.0%
9.6%
9.1%
8.9%
9.8%
9.9%
9.3%
9.0%
9.0%
9.3%
9.1%
9.0%
8.6%
8.0%
5.0%
Q1 2008
Q2 2008
Q3 2008
Q4 2008
Q1 2009
Q2 2009
Q3 2009
-Net Interest Margin, Group Consolidated
Net Interest Margin, BoG Standalone
January 2010
Page 40View entire presentation