Record Adjusted Profit
Lion Finance Group PLC achieved a record adjusted profit for the full year of GEL 1.8 billion, representing a 32% increase compared to 2023, with a return on equity of 30%.
Strong Macroeconomic Performance
The Georgian economy increased by 9.5% year-on-year, while the Armenian economy grew by 5.9%. Both economies showed resilience despite geopolitical challenges.
Digital Banking Achievements
The group was recognized as the world's Best Digital Bank by Global Finance, with significant growth in mobile application users: 17.5% growth in individual users and 18.9% in business users.
Acquisition of Ameriabank
Ameriabank, the number one bank in Armenia, was consolidated, contributing 26% to the Group's total assets. Ameriabank's standalone profitability was GEL 411 million.
Loan Portfolio Growth
The loan portfolio in Georgia grew by 19%, while Ameriabank saw a growth of over 30%.
Shareholder Returns
The company announced a dividend per share of GEL 9 and a new buyback of GEL 107.7 million, with a share count reduction by almost 10% over the last three years.