Feb 25, 2025 / 02:00PM GMT
Nini Arshakuni - Lion Finance Group PLC - Head of Investor Relations
Hello. Welcome everybody to Lion Finance Group PLC's earnings call. Today we're presenting, our results for the first 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 1.8 billion GEL that's a 32% increase versus 2023, and we actually reported 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 this result, but before that I would like to invite our Chief Economist Akaki Li Kokelli, who
Full Year 2024 Lion Finance Group PLC Earnings Call Transcript
Feb 25, 2025
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