Bank of Georgia Group PLC (FRA:GEB)
€ 55 -0.5 (-0.9%) Market Cap: 2.35 Bil Enterprise Value: 3.10 Bil PE Ratio: 3.12 PB Ratio: 1.06 GF Score: 82/100

Preliminary Q4 2023 Bank of Georgia Group PLC Earnings Call Transcript

Feb 16, 2023 / 02:00PM GMT
Release Date Price: €31.8 (+6.00%)
Nini Arshakuni
Bank of Georgia Group PLC - Head of IR

Hello, everyone, and welcome to Bank of Georgia Group plc's results call. My name is Nini Arshakuni. I'm Head of Investor Relations, and I'll moderate this call. Today, we'll be presenting the group's preliminary financial results for the fourth quarter and the full year of 2022. And we'll start as usual with an overview of the performance, which will be presented by the CEO, Archil Gachechiladze. And afterwards, we'll take your questions. And now we'll be handing over to Archil.

Archil Gachechiladze
Bank of Georgia Group PLC - CEO & Executive Director

We'll let me jump to the presentation, share the presentation call through it, and then we'll go to Q&A session, which is usually probably the most interesting part of the presentation. So we had finished the year with very strong results. You may have already seen it, our profit for the quarter was PLN 326 million, which was up 62.4% year-on-year with a return on equity of 33.7% and cost income was 31%.

This is third quarter in a row that

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