Lion Finance Group PLC (OTCPK:BDGSF) Q4 2024 Earnings Conference Call February 25, 2025 9:00 AM ET
Company Participants
Nini Arshakuni – Head, Investor Relations
Archil Gachechiladze – Group Chief Executive Officer
Akaki Liqokeli – Macro Economist
Conference Call Participants
Robert Sage – Peel Hunt
Ronak Gadhia – EFG Hermes
Can Demir – Wood & Company
Nini Arshakuni
Hello. Welcome, everybody, to Lion Finance Group PLC’s Earnings Call. Today, we’re presenting our Results for the Fourth Quarter and the Full Year of 2024. My name is Nini Arshakuni. I’m Head of IR, and I’ll be joined on this call by the Group CEO, Archil Gachechiladze.
We are very pleased to report another strong set of results, driven by strong performance across our key business divisions in Georgia and Armenia with Armenian Financial Services now accounting for 26% of the Group’s total asset. We have achieved a record adjusted profit for the full year of GEL 1.8 billion, that’s a 32% increase versus 2023, and we actually recorded significant items on top of this figure in 2024.
Our return on equity stands at 30%. Cost-to-income ratio is below 35%, and our loan portfolio quality remains very healthy with cost of credit risk ratio at 0.5% for the full year. Our CEO, Archil, will provide a deeper dive into the results. But before that, I would like to invite our Chief Economist, Akaki Liqokeli, who will review key macroeconomic developments impacting Georgia and Armenia as well as the macro outlook moving forward.
And with that, I’ll just stop sharing my screen and get Akaki on the line. So now Akaki is on the line. Hi, Akaki, you can go ahead.
Akaki Liqokeli
Hi, Nini. Thank you.
So I will be providing the macroeconomic update. Let me quickly share my screen. Okay. So last year, Georgian and Armenian
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