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

Q2 2023 Bank of Georgia Group PLC Earnings Call Transcript

Aug 17, 2023 / 01:00PM GMT
Release Date Price: €42.8 (+11.46%)
Nini Arshakuni
Bank of Georgia Group PLC - Head of IR

Hello, everyone. Welcome to Bank of Georgia Group PLC's Conference Call. My name is Nini Arshakuni and I'm Head of Investor Relations at Bank of Georgia. I'm joined today on this call by the Group CEO, Archil Gachechiladze, who will start today's call with a brief overview of the key macro developments as well as the highlights of the Group's performance of the second quarter. And afterwards, we will be taking your questions. And please note that this call is being recorded.

And archil, you can start now.

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

Thank you, Nini. Thank you, everybody, for joining our call, 17th of August. So a lot of people are on vacation and the ones who are not on vacation, we appreciate your attention and your time. So I'm happy to report that we have delivered record results in this quarter. So GEL 387 million net profit, which is up by 40% year-on-year, 34.6% return on equity, cost income of 26.9%. And our monthly active users of our

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