Strong Customer Franchise Growth
Loan book grew 22% in constant currency. Profit for the quarter amounted to GEL 547 million, an 8% increase versus the prior year. Return on average equity stood at 28%.
Georgian Subsidiary Performance
Return on equity of 32%, loans grew 16% year-on-year. Retail monthly active users up by almost 15% year-on-year.
Armenian Operations Achievement
Loan book grew 36.5% in constant currency and deposit portfolio grew 28.6%. Profit grew 22% year-over-year to GEL 111.5 million. Return on equity improved to 21.8%.
Global Recognition for Digital Banking
Recognized as the Best Digital Bank in the World by Global Finance for the second time in a row.
Improved Macroeconomic Conditions
Stable local currencies against the U.S. dollar. Real GDP growth forecast for 2025 at 7.5% for Georgia and 5% for Armenia.