Lion Finance Group PLC (BDGSF) Q3 2025 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.841 -- 00:00:06.252 Hello, everyone. Welcome to Lion Finance Group PLC's third quarter 00:00:06.252 -- 00:00:08.397 results call. My name is Ninia Arshakouni. 00:00:08.397 -- 00:00:12.585 I'm Head of Investor Relations and I'll be the moderator for today's call. 00:00:12.585 -- 00:00:16.433 I am joined on this call by Archil Gaciciladze, our Group CEO. 00:00:16.433 -- 00:00:21.300 Hovhannes Toroian, who is the chief financial officer of Ameriabank, our banking subsidiary 00:00:21.300 -- 00:00:26.928 in Armenia, and Akakili Kokeli, our group economist, who will be covering the macro. 00:00:26.928 -- 00:00:31.755 We're pleased to report another set of solid results for the quarter with very strong 00:00:31.755 -- 00:00:36.402 customer franchise growth across our business operations in Georgia and Armenia. 00:00:36.402 -- 00:00:41.289 Our loan book grew 22% in constant currency with 00:00:41.289 -- 00:00:45.796 even stronger growth in the Armenian operations. 00:00:45.796 -- 00:00:50.403 Overall, our profit for the quarter amounted to 547 00:00:50.403 -- 00:00:55.831 million Georgian lari, an 8% increase versus the prior year. 00:00:55.831 -- 00:00:59.117 Return on average equity stood at a solid 28%. 00:00:59.117 -- 00:01:04.465 Cost to income was 35.3% and improvement versus the prior quarter. 00:01:04.465 -- 00:01:07.630 And our cost of credit risk ratio was 0.5%. 00:01:07.630 -- 00:01:13.184 And we maintained robust asset quality across the whole business. 00:01:13.184 -- 00:01:16.389 Before we dive into the details of these 00:01:16.389 -- 00:01:21.498 results, we'll first start with the macroeconomic developments and Akake will kick off 00:01:21.498 -- 00:01:26.546 and then we'll hear from Archil and Joannès and in the end we'll open the floor 00:0...