Bank of Georgia Group (BGEO)

Sector:

Banking

Index:

FTSE Small Cap

1,514.00p
   
  • Change Today:
    -6.00p
  • 52 Week High: 1,670.00p
  • 52 Week Low: 951.00p
  • Currency: UK Pounds
  • Shares Issued: 49.14m
  • Volume: 87,485
  • Market Cap: £743.93m
  • RiskGrade: 206
  • Beta: 0.03

Bank of Georgia posts jump in Q3 profits on wider net interest margins

By Alexander Bueso

Date: Tuesday 17 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Bank of Georgia posted slight topline growth over the third quarter as the country's economy rebounded from the initial onslaught of the Covid-19 pandemic.
Net interest income was 1.5% higher on a year ago to reach 204,030 Georgian Lari (GEL), resulting in 4.1% growth in profits before tax and one-off costs to GEL 163,405.

Helping the bottom line, the lender's net interest margin improved by 60 basis points in comparison to the prior quarter and net fee and commission income by 38.4%.

The lender said that the recovery in Georgia's gross domestic product had been better than expected, with economic activity down by only 3.8% in the quarter to June, having fallen at a 12.3% pace over the prior three-month stretch.

During the third quarter, Georgia's currency weakened by approximately 12% against Sterling.

Boosting the latter, in part, were increased remittances from Georgians living abroad, as well as stronger consumer demand as reflected in the increased use of banking cards.

Its non-performing loan ratio however deteriorated from 2.9% to 3.8% and its common equity tier one capital buffer narrowed from 11.1% to 9.9%.

The latter however remained "comfortably" above the required minimum level of 6.9%, the group noted.

In annualised basis, the return on average equity came in at 26.0%, against 26.8% one year ago, while on a nine-month basis it fell from 24.7% to 9.9%.

As of 0953 GMT, shares in Bank of Georgia were 4.17% higher to 1,150.0p and trading at their highest level since 13 March, but remained near their worst mark for roughly seven years.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BGEO Market Data

Currency UK Pounds
Share Price 1,514.00p
Change Today -6.00p
% Change -0.39 %
52 Week High 1,670.00p
52 Week Low 951.00p
Volume 87,485
Shares Issued 49.14m
Market Cap £743.93m
Beta 0.03
RiskGrade 206

BGEO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.23% above the market average99.23% above the market average99.23% above the market average99.23% above the market average99.23% above the market average
88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average
Price Trend
39.91% above the market average39.91% above the market average39.91% above the market average39.91% above the market average39.91% above the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average
Income
79.27% above the market average79.27% above the market average79.27% above the market average79.27% above the market average79.27% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Growth
83.98% below the market average83.98% below the market average83.98% below the market average83.98% below the market average83.98% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average

What The Brokers Say

Strong Buy 8
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 9
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BGEO Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Oct-21 30-May-19
Paid 05-Nov-21 28-Jun-19
Amount 34.00p 72.16p

Trades for 20-Jan-2022

Time Volume / Share Price
16:10 81 @ 1,513.00p
16:10 55 @ 1,513.00p
16:06 109 @ 1,514.00p
16:06 161 @ 1,514.00p
16:06 32 @ 1,514.00p

BGEO Key Personnel

CEO Archil Gachechiladze

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