Investor Presentaiton
STRONG PROFITABILITY NOTWITHSTANDING THE PANDEMIC
OUTSTANDING QUARTERLY PERFORMANCE
Bank of Georgia's performance has been very strong in 3Q21:
Strong balance sheet growth with better than expected levels of
lending in consumer, micro and SME portfolios
Strong operating income performance. Net interest income up
6.6% q-o-q, coupled with strong net fee and commission income
generation, up 9.2% q-o-q, on the back of a strong performance in
the payments and settlement operations
Net interest margin of 5.0%, up 30 basis points q-o-q in 3Q21
Costs well-managed, with 36.8% cost to income ratio, while
continuing to invest in IT-related resources, digitalisation and
marketing
Lending portfolio performing extremely well. Annualised cost of
credit risk ratio was 0.2% in 3Q21. The non-performing loans ratio
improved to 2.6% from 3.5% in 2Q21
TRACK RECORD OF STRONG PROFITABILITY
26.0%
21.8%
21.3% 21.5%
20%
26
26
29.4%
25.7%
1Q20
2Q20
3Q20 4Q20
1Q21
2Q21
3Q21
Robust capital adequacy ratios, comfortably above the increased
minimum regulatory requirements. We do not utilise capital buffers
previously released by the NBG
-18.6%
Superior levels of profitability. Despite a still challenging operating
environment, delivering ROAE of 25.7% in 3Q21, the sixth
consecutive quarter of delivering profitability above 20% during the
pandemicView entire presentation