Financial highlights for 1Q 2024 in GEL

33,262 Total Assets in mln

1Q 2023: 27,140
Change +22.6%

296 Net Profit in mln

1Q 2023: 255
Change +16.1%

25.1% ROE

1Q 2023: 25.2%
Change -0.1 pp

22,545 Gross Loans in mln

1Q 2023: 18,321
Change +23.1%

20,839 Customer Deposits in mln

1Q 2023: 17,298
Change +20.5%

3.6% ROA

1Q 2023: 3.6%
Change +0.0pp

37.2% Cost to Income

1Q 2023: 34.3%
Change +2.9pp

0.8% Cost of risk

1Q 2023: 1.1%
Change -0.3pp

2.2% NPL to Gross Loans

1Q 2023: 2.2%
Change +0.0pp

140.3% Total NPL Coverage

1Q 2023: 154.8%
Change -14.5pp

96.7% Net loans to deposits + IFI

1Q 2023: 92.9%
Change +3.8pp

16.6% Basel III CET 1*

1Q 2023: 17.7%
Change -1.1pp

18.8% Basel III total CAR*

1Q 2023: 20.1%
Change -1.3pp

114.6% Liquidity Coverage Ratio*

1Q 2023: 135.7%
Change -21.1pp

114.8% Net Stable Funding Ratio*

1Q 2023: 131.3%
Change -16.5pp

Since January 2023, NSFR, LCR and capital adequacy ratios are calculated per IFRS, previously these ratios were calculated based on local standards.

IFRS Consolidated figures 

Selected operating data for 1Q 2024

6.3 Monthly active customers in mln

1Q 2023: 5.1 mln

c. 4,400 Self-service terminals

1Q 2023: c. 4,300

130 Branches

1Q 2023: 141

826 ATMs

1Q 2023: 703

c. 32,700 Active merchant terminals

1Q 2023: c. 29,200