3Q20 Financial Performance
GROUP INCOME STATEMENT
74
Change
Change
Change
GEL thousands, unless otherwise noted
Interest income
Interest expense
Net interest income
Fee and commission income
Fee and commission expense
Net fee and commission income
Net foreign currency gain
Net other income
Operating income
3Q20
3Q19
2Q19
9M20
9M19
y-o-y
9-0-9
y-o-y
407,666
(203,636)
366,721
(165,729)
11.2%
379,038
7.6%
1,175,029
1,043,680
12.6%
22.9%
(204,102)
-0.2%
(598,982)
(461,353)
29.8%
204,030
200,992
1.5%
174,936
16.6%
576,047
582,327
-1.1%
71,793
76,166
-5.7%
54,389
32.0%
197,076
206,721
-4.7%
(26,261)
(28,157)
-6.7%
(21,488)
22.2%
(78,531)
(73,265)
7.2%
45,532
48,009
-5.2%
32,901
38.4%
118,545
133,456
-11.2%
19,179
32,233
-40.5%
22,743
-15.7%
72,583
82,186
-11.7%
7,750
3,728
107.9%
9,081
-14.7%
23,457
3,035
NMF
276,491
284,962
-3.0%
239,661
15.4%
790,632
801,004
-1.3%
Salaries and other employee benefits (excluding one-offs)
(58,171)
(59,539)
-2.3%
(60,656)
-4.1%
(175,365)
(169,938)
3.2%
One-off termination costs of former executive management (1)
(12,412)
NMF
Salaries and other employee benefits
(58,171)
(59,539)
-2.3%
(60,656)
-4.1%
Administrative expenses
(24,443)
(26,251)
-6.9%
(22,450)
8.9%
(175,365)
(73,914)
(182,350)
-3.8%
(71,025)
4.1%
Depreciation, amortisation and impairment
(19,125)
(21,320)
-10.3%
(21,139)
-9.5%
(61,654)
(54,303)
13.5%
Other operating expenses
Operating expenses
Profit from associates
(873)
(102,612)
214
Operating income before cost of risk
174,093
(807)
(107,917)
194
177,239
Expected credit loss on loans to customers
(5,836)
(13,617)
8.2%
-4.9%
10.3%
-1.8%
-57.1%
(913)
-4.4%
(2,845)
(3,135)
-9.3%
(105,158)
113
134,616
-2.4%
(313,778)
(310,813)
1.0%
89.4%
29.3%
628
477,482
636
-1.3%
490,827
-2.7%
Expected credit loss on finance lease receivables
(2,371)
(333)
NMF
11,621
(3,387)
NMF
-30.0%
(222,404)
(86,170)
158.1%
(7,644)
(1,336)
NMF
Other expected credit loss on other assets and provisions
Cost of risk
(2,735)
(1,273)
114.8%
(18,455)
-85.2%
(32,518)
(5,845)
NMF
(10,942)
(15,223)
-28.1%
(10,221)
7.1%
(262,566)
(93,351)
NMF
Net operating income before non-recurring items
163,151
162,016
0.7%
124,395
31.2%
214,916
397,476
-45.9%
Net non-recurring items (excluding one-offs)
254
(5,019)
NMF
(1,241)
NMF
(41,332)
(9,132)
NMF
One-off termination costs of former CEO (2)
(3,985)
NMF
Net non-recurring items
254
(5,019)
NMF
(1,241)
NMF
(41,332)
(13,117)
NMF
Profit before income tax expense
163,405
156,997
4.1%
123,154
32.7%
173,584
384,359
-54.8%
Income tax expense (excluding one-offs)
(15,051)
(22,697)
-33.7%
(8,470)
77.7%
(10,491)
(43,104)
-75.7%
Income tax benefit related to one-off termination costs of former
2,161
NMF
CEO and executive management (3)
Income tax expense
(15,051)
Profit
148,354
(22,697)
134,300
-33.7%
10.5%
(8,470)
114,684
77.7%
29.4%
(10,491)
163,093
(40,943)
343,416
-74.4%
-52.5%
One-off items (1)+(2)+(3)
(14,236)
NMF
Profit attributable to:
- shareholders of the Group
- non-controlling interests
Earnings per share (basic)
Earnings per share (diluted)
147,704
133,687
10.5%
114,174
29.4%
162,363
341,841
-52.5%
650
613
6.0%
510
27.5%
730
1,575
-53.7%
3.11
2.81
10.7%
2.40
29.6%
3.41
7.16
-52.4%
3.11
2.81
10.7%
2.40
29.6%
3.41
7.14
-52.2%View entire presentation