Our Investment Case

Bank of Georgia Group PLC is a FTSE-250 member and a Georgia-focused banking company. The Group is the parent company of JSC Bank of Georgia – a leading financial institution in Georgia. We aim to deliver long-term value for our shareholders through best-in-class customer relationships and digital financial solutions.

Play

We aim to create sustainable opportunities for our customers, employees, and the communities where we operate by developing innovative products and services and doing business the right way.

Our Business

Our primary business consists of Retail, SME, and Corporate and Investment Banking segments. We have consistently demonstrated strong business growth and superior profitability and delivered on our targets:

ROE 20%+ and Loan Book Growth c.10%+.

0 50

Return on Equity

*Some kind of note

Return on Equity

20 %+
26.4 %
2018
26.1 %
2019
13 %
2020
25.8 %
2021
32.4 %
2022
0 50 0 105

Loan Book YoY Growth

*Some kind of note

Nominal

Constant Currency Basis

c. 10 %
21.4 % 2018
27 % 2019
18.9 % 2020
13.9 % 2021
50.3 % 2022
19 %
22 %
10.2 %
19.8 %
12.9 %

Strong Balance Sheet

We continue to maintain strong capital, liquidity and funding positions. Our robust capital base has enabled us to invest in strategic areas, maintain comfortable buffers above minimum regulatory requirements and return capital to our shareholders.

Bank of Georgia Standalone PLC

Min. Requirement #f5b897
14.6 %
Buffer #ff600a
15.5 %
CET1 Ratio June 20, 2023

Returning Capital to Shareholders

We return capital to shareholders through semi-annual dividends and the share buyback and cancellation programme.

We target to distribute 30-50% of the Group’s annual profits to our shareholders.

Capital Distribution

GEL Millions

Dividend Paid forthe Year

Share Byuback

2013
72 0 200
2014
80 0
2015
98 0
2016
102 0 36% Payout Ratio
2017
122 0 36% Payout Ratio
2018
276 50 46% Payout Ratio
2019
2020
2021
184 73
2022
241 183

Diversified investor base

Bank of Georgia Group PLC is a constituent of the FTSE 250 index and has been listed on the London

We have a diversified institutional investor base.

Top 10 Shareholders

31 Mar 2023

Ownership

1. JSC Georgia Capital
20.3
2. M&G Investment Management LTD
4.4
3. Dimensional Fund Advisors(DFA) LP
4.1
4. Blackrock
3.8
5. Vanguard
3.7
6. Fidelity
3.0
7. Van Eck Associates Corporation
2.7
8. JP Morgan
2.6
9. Gemsstock
2.5
10. Harding Loevner LP
2.5

We continue to maintain strong capital, liquidity and funding positions. Our robust capital base has enabled us to invest in strategic areas, maintain comfortable buffers above minimum regulatory requirements and return capital to our shareholders.

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