Bank of Georgia Growth and Reform Strategy
BANKING BUSINESS KEY RATIOS
Profitability
ROAA, annualised **
ROAA, annualised (unadjusted)
ROAE, annualised **
RB ROAE **
CIB ROAE **
ROAE, annualised (unadjusted)
Net interest margin, annualised
RB NIM
CIB NIM
Loan yield, annualised
RB Loan yield
CIB Loan yield
Liquid assets yield, annualised
Cost of funds, annualised
4Q19
4Q18
3Q19
2019
2018
3.4%
3.3%
3.2%
3.1%
3.2%
3.4%
3.2%
3.2%
3.1%
2.8%
29.9%
27.0%
26.8%
26.1%
26.4%
31.4%
28.4%
30.7%
28.6%
30.3%
28.5%
28.5%
24.6%
25.6%
22.8%
29.9%
26.2%
26.8%
25.4%
22.9%
5.4%
6.0%
5.4%
5.6%
6.5%
5.7%
6.7%
6.1%
6.1%
7.5%
3.8%
3.2%
3.2%
3.6%
3.3%
11.4%
12.8%
11.5%
11.7%
13.5%
12.4%
14.2%
12.8%
12.9%
15.1%
9.2%
9.8%
8.9%
9.1%
10.2%
3.7%
3.8%
3.2%
3.5%
3.8%
4.7%
5.0%
4.5%
4.6%
5.0%
Cost of client deposits and notes, annualised
3.0%
3.4%
2.9%
3.0%
3.5%
RB Cost of client deposits and notes
2.5%
2.9%
2.6%
2.6%
2.9%
CIB Cost of client deposits and notes
3.3%
4.0%
3.2%
3.3%
4.1%
Cost of amounts owed to credit institutions, annualised
7.4%
7.9%
6.8%
7.1%
7.3%
Cost of debt securities issued
7.9%
7.8%
7.7%
7.7%
7.8%
Operating leverage, y-o-y ***
-7.3%
3.8%
-5.2%
-3.2%
2.9%
Operating leverage, q-o-q
Efficiency
Cost/Income ***
RB Cost/Income
CIB Cost/Income ***
Cost Income (unadjusted)
Liquidity
***
-4.1%
-2.3%
1.2%
0.0%
0.0%
39.3%
36.9%
37.9%
37.8%
36.7%
43.5%
36.7%
38.0%
38.8%
36.6%
26.9%
29.6%
30.4%
28.4%
30.9%
39.3%
36.9%
37.9%
38.9%
36.7%
NBG liquidity ratio (minimum requirement 30%)
31.1%
31.9%
36.8%
31.1%
31.9%
NBG liquidity coverage ratio (minimum requirement 100%)
136.7%
120.1%
118.5%
136.7%
120.1%
Liquid assets to total liabilities
33.9%
34.9%
32.9%
33.9%
34.9%
Net loans to client deposits and notes
118.4%
115.5%
118.0%
118.4%
115.5%
Net loans to client deposits and notes + DFIs
103.2%
99.6%
103.4%
103.2%
99.6%
Leverage (times)
7.6
7.2
7.6
7.6
7.2
Asset Quality:
NPLs (in GEL)
252,695
NPLs to gross loans to clients
2.1%
318,356
3.3%
339,118
2.9%
252,695
2.1%
318,356
3.3%
NPL coverage ratio
80.9%
90.5%
85.3%
80.9%
90.5%
NPL coverage ratio, adjusted for discounted value of collateral
139.6%
129.9%
129.3%
139.6%
129.9%
Cost of credit risk, annualised
0.2%
1.1%
0.5%
0.9%
1.6%
RB Cost of credit risk
0.2%
1.7%
0.9%
1.2%
2.1%
CIB Cost of credit risk
0.5%
-0.2%
-0.2%
0.2%
0.8%
Capital Adequacy:
NBG (Basel III) CET1 capital adequacy ratio
11.5%
12.2%
11.1%
11.5%
12.2%
Minimum regulatory requirement
10.1%
9.5%
9.5%
10.1%
9.5%
NBG (Basel III) Tier I capital adequacy ratio
13.6%
12.2%
13.3%
13.6%
12.2%
Minimum regulatory requirement
NBG (Basel III) Total capital adequacy ratio
Minimum regulatory requirement
12.2%
11.4%
11.6%
12.2%
11.4%
18.1%
16.6%
16.8%
18.1%
16.6%
17.1%
15.9%
16.1%
17.1%
15.9%
*
For the description of Key Ratios, refer to page 77
BANK OF GEORGIA
4Q18 and the full year 2019 ratios are adjusted for one-off employee costs related to termination benefits of the former CEO and executive management. The full
year 2018 ratios are adjusted for one-off employee costs related to termination benefits of the former CEO, demerger related expenses and one-off impact of
re-measurement of deferred tax balances
*** The full year 2019 results are adjusted for one-off employee costs related to termination benefits of the former executive management
70View entire presentation