Bank of Georgia Group PLC (FRA:GEB)
€ 55.5 0.5 (0.91%) Market Cap: 2.38 Bil Enterprise Value: 3.14 Bil PE Ratio: 3.16 PB Ratio: 1.08 GF Score: 80/100

Q4 2018 Bank of Georgia Group PLC Earnings Call Transcript

Feb 19, 2019 / 01:00PM GMT
Release Date Price: €38.84
Operator

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to today's fourth quarter 2018 and full year 2018 financial results conference call. (Operator Instructions) I must advise you that this conference is being recorded today, Tuesday, 19th of February, 2019.

I would like to hand the call over to your speaker today, Archil Gachechiladze. Please go ahead, sir.

Archil Gachechiladze
Bank of Georgia Group PLC - CEO & Director

Thank you very much. Thank you for joining the call. I will give a small overview of the results and then hand it over to the CFO. Since I've been with the bank now for only 3 weeks, so a lot of things are new for me. But over the last decade -- I've joined the bank in 2009, and I've spent about 8 years with the bank since then as the Deputy CEO in charge of different things. So the bank itself is not too new to me.

So we basically had a fourth quarter, which we ended with pretty strong return on equity delivering 26.2% of return on equity for the quarter and 26.1% for the year, which is above our

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