OUR NETWORK
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| Market Shares | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Total Assets | 4.5% | 5.2% | 5.1% | 5.2% | 5.1% | 5.1% | 5.6% |
| Total Loan Portfolio | 3.9% | 4.4% | 4.6% | 5.5% | 5.6% | 5.8% | 5.9% |
| Total Customer Accounts | 5.9% | 6.2% | 5.9% | 5.8% | 5.8% | 5.3% | 6.0% |
| Key operating data | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Number of Branches & Outlets | 334 | 341 | 367 | 353 | 354 | 353 | 355 |
| Number of Mobile Branches | 100 | 108 | 107 | 102 | 102 | 103 | 100 |
| Number of ATMs | 577 | 617 | 631 | 632 | 643 | 662 | 664 |
| Number of POS | 5,080 | 7,114 | 7,187 | 7,765 | 7,959 | 9,096 | 10,088 |
| Number of Employees | 4,587 | 4,550 | 4,374 | 4,606 | 4,790 | 5,023 | 5,180 |
| Key Financial Data ((in thousands of GEL) | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 2,134,972 | 2,989,811 | 3,112,555 | 3,640,589 | 4,095,597 | 4,917,056 | 6,046,732 |
| Gross Loan Portfolio | 1,269,215 | 1,733,613 | 2,030,630 | 2,541,577 | 2,992,709 | 3,687,907 | 4,333,950 |
| Customer Accounts | 1,565,088 | 2,173,356 | 2,233,650 | 2,689,669 | 3,033,490 | 3,227,446 | 4,093,940 |
| Shareholders Equity | 307,805 | 308,266 | 349,841 | 414,661 | 495,737 | 609,333 | 735,613 |
| Income Statement Highlights (in thousands of GEL) | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Interest Income | 270,185 | 289,704 | 368,537 | 441,651 | 522,672 | 614,804 | 722,666 |
| Interest Expense | 104,538 | 133,877 | 149,117 | 191,641 | 235,049 | 281,232 | 344,688 |
| Net Interest Income | 165,647 | 155,827 | 219,420 | 250,010 | 287,623 | 333,572 | 377,978 |
| Net Non-interest Income | 45,066 | 40,322 | 28,060 | 54,631 | 58,046 | 63,875 | 67,850 |
| Total Operating Income | 210,713 | 196,149 | 247,480 | 304,641 | 345,669 | 397,447 | 445,828 |
| Operating Expenses | 145,697 | 158,346 | 167,807 | 192,985 | 211,648 | 246,976 | 263,955 |
| Net Income | 36,913 | -4,911 | 42,351 | 63,285 | 81,047 | 103,357 | 128,066 |
| Financial Ratios * | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| ROE | 12.8% | -1.6% | 12.9% | 16.6% | 17.8% | 18.7% | 19.0% |
| ROA | 1.9% | -0.2% | 1.4% | 1.9% | 2.1% | 2.3% | 2.3% |
| Cost of Income | 69.1% | 80.7% | 67.8% | 63.3% | 61.2% | 62.1% | 59.2% |
| Cost of Risk | 2.3% | 3.3% | 1.8% | 1.1% | 1.4% | 0.9% | 0.9% |
| Tier 1 Capital Adequacy | 12.2% | 9.0% | 10.5% | 11.1% | 13.3% | 14.0% | 14.6% |
| Total Capital Adequacy Ratio | 18.3% | 13.8% | 14.8% | 14.2% | 15.4% | 16.7% | 17.4% |
*In the denominator of ROE, ROA and Cost of Risk 13 month average respective balance sheet components are used. Only end-of-year balance sheet is Audited.
