Investor Presentaiton
TRACK RECORD OF DELIVERING STRONG RESULTS
24
24
Revised medium-term loan book growth target from c.15% to c.10%
Nominal
Constant currency basis
26.4% 26.1%
25.2%
25.6%
27.0%
21.4%
13.0%
Loan book growth YoY
17.4%
18.9%
17.4%
c.10%
22.0%
19.0%
15.9%
10.2%
13.7%
2017
2018
2019
2020
1H21
ROAE
20%+
2017 2018* 2019** 2020 1H21
ROBUST CAPITAL MANAGEMENT TRACK RECORD
Maintain regular dividend payouts: aiming 25-40% dividend
payout ratio
GEL 648mln+ cash dividend paid during 2013-2019, within
the targeted payout range
Capital repatriation policy: In the light of the evolving
macroeconomic situation and expected levels of medium-
term growth, the Board will formally review the Group's
capital repatriation policy in the second half of 2021.
Adjusted for GEL 30.3mln demerger related costs, GEL 8.0mln demerger related corporate income tax gain,
GEL 30.3mln one-off impact of re-measurement of deferred tax balances and GEL 3.9mln (net of income
tax) termination costs of the former CEO
Adjusted for GEL 14.2mln (net of income tax) termination costs of the former CEO and executive management
Dividend yield is calculated based on the closing price of shares immediately prior to ex-dividend date
REGULAR DIVIDENDS
GEL MILLIONS
PAYOUT 30% 36% 33%
RATIO:
34% 32% 30% 30%
4.0%
4.2%
3.1%
3.1%
3.2% 2.4%
2.7%
Interim
dividend
122
124
98
102
72
80
51
70
2013
2014 2015 2016 2017 2018
Total dividend paid during the year
2019 2020 2021
Dividend yield***View entire presentation