Q3 2023 Bank of Georgia Group PLC Earnings Call Transcript
Good day, and welcome everyone to Bank of Georgia Group PLC's 3Q 2023 Financial Results Conference Call. My name is Nini Arshakuni, and I'm Head of Investor Relations at Bank of Georgia, and I'll be moderating today's call. Today, I'll be joined by the group CEO, Archil Gachechiladze will start, as usual, with our presentation, and then we'll have the Q&A session. Please know this call is being recorded, and we'll hand over to Archil.
Thank you for being on the call. Let me share the presentation. Just a second. So we had a very strong quarter. Let me just jump into it. So as you saw, the results already probably, we delivered GEL 357 million, which was up 23% year-on-year on a very, very strong quarter 1 year ago. In fact, third quarter last year was an exceptional one. Return on equity, we delivered above 30% and cost income below 30%. So it's another quarter of higher return on equity than cost income. On 9-month numbers
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