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Bank of Georgia Group Plc (GB:BGEO)
LSE:BGEO
RESEARCH TOOLSreports
Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
577.58Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 10.35%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted record profitability, strong economic growth in key regions, and significant digital engagement, although challenges such as operational costs in Armenia and election-induced volatility in Georgia were noted.Company Guidance
In the call, Archil Gachechiladze, CEO of the Group, highlighted several key metrics and developments for the third quarter of 2024. The company achieved a record profit of GEL 509 million, representing a 42.5% increase from the previous year, with a return on equity of 32% and a cost of risk of 0.2%. The cost-to-income ratio was slightly below 35%, and digital engagement was high, with monthly active users growing by 20% year-on-year to over 1.5 million. The share of consumer loans sold through digital channels increased to 82%, up by 11 percentage points from the previous year. Additionally, the bank's market share in acquiring business reached 57%, and the net promoter score was 67%. In Armenia, Ameriabank's monthly active users of the retail application grew by 39%, and the engagement rate was above 40%. The bank's net interest income increased by 52.6%, and the loan portfolio saw a year-on-year growth of 21.7%. Despite political and macroeconomic uncertainties, the bank maintained strong capital and liquidity positions, and the CEO emphasized the potential for continued growth in both Georgia and Armenia.Record Profit Achievement
Archil Gachechiladze reported a record profit of GEL 509 million for the third quarter, marking a 42.5% increase compared to last year.
Recognition as Best Digital Bank
The company was named the Best Digital Bank in the World by Global Finance Magazine, highlighting its digital capabilities and user experience.
Strong Economic Growth in Georgia and Armenia
Both countries are experiencing robust economic growth, low inflation, and stable currencies, driven by diverse inflows like tourism and IT exports.
Increase in Digital Engagement
Monthly active users of retail applications grew by 20% year-on-year, with 1.5 million users in total and high daily engagement.
Significant Growth in Net Interest Income
Net interest income grew by 52.6%, reflecting strong financial performance in core banking operations.
Strong Loan and Deposit Growth
Year-on-year loan portfolio growth was 21.7%, with a deposit growth of 7.3% in the quarter, indicating strong customer acquisition and retention.
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GB:BGEO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:BGEO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | 4830.00p | 4825.00p | -0.10% |
| Aug 22, 2024 | 4214.53p | 4224.28p | +0.23% |
| May 29, 2024 | 3699.03p | 3618.93p | -2.17% |
| Mar 15, 2024 | 4881.78p | 4566.07p | -6.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bank of Georgia Group Plc (GB:BGEO) report earnings?
Bank of Georgia Group Plc (GB:BGEO) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Bank of Georgia Group Plc (GB:BGEO) earnings time?
Bank of Georgia Group Plc (GB:BGEO) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Bank of Georgia Group Plc stock?
The P/E ratio of Bank of Georgia Group Plc is N/A.
What is GB:BGEO EPS forecast?
Currently, no data Available
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