Investor Presentaiton
Strong capital position, with ratios comfortably above minimum
requirements
Capital adequacy ratios
18.6%
19.1%
Minimum requirements
19.7%
19.2%
19.3%
15.0%
15.4%
14.4%
14.6%
13.3%
12.5%
12.8%
13.2%
13.7%
11.2%
Mar-21
Jun-21
Sep-21
Dec-21
Mar-22
CET1 capital adequacy ratio Tier I capital adequacy ratio Total capital adequacy ratio
17.7%
17.7%
17.3%
17.6%
13.8%
14.1%
13.4%
13.2%
13.6%
11.1%
11.5%
11.8%
11.0%
9.8%
7.8%
Mar-21
Jun-21
CET 1 minimum requirement
Sep-21
Total capital minimum requirement
Dec-21
Tier 1 minimum requirement
Mar-22
34
In April 2020, as part of its updated supervisory plan in response to the COVID-19 pandemic, the NBG released Pillar 2 and conservation buffers, reducing the minimum
regulatory capital requirements at the time. Subsequently, the NBG announced a released capital buffers rebuild plan and updated the timeline for the phase-in of additional
Basel IIl capital requirements for the banking sector.
In May 2021, the Bank confirmed to the NBG that since May 2021 it no longer used or expected to use any of the Pillar 2 or conservation buffers that had been waived in 2020.
As a result, the Bank no longer faces any regulatory restriction on making any capital distributions.
Capital distribution: In August 2021, the Group declared an interim dividend of GEL 1.48 per ordinary share for the period ended 30 June 2021, paid to shareholders on 5
November 2021. The Board intends to recommended a final dividend for 2021 of 2.33 GEL per ordinary payable in Pounds Sterling at the prevailing rate. This will make a total
dividend paid in respect of the Group's 2021 earnings of GEL 3.81 per share.View entire presentation