Fiscal and Loan Portfolio Analysis

Assets Total assets Total assets declined by GEL mln 6,000 9.8% in 2009 3,400.7 3,258.9 3,154.3 3,186.8 3,147.7 5,000 2,907.8 2.980.2 2,938.4 Gross loans declined by 4,000 14.9% in 2009 3,000 Gross loans 2,000 grew 1.7% q- o-q in Q4 09 1,000 1,855.7 2,106.7 2,059.7 2,189.4 2,046.8 1,904.7 1,833.1 1,864.2 Liquid funds 0 increased by GEL 180 mln, 35%, to GEL Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Gross loans Corporate loan book breakdown 700 mln in 2009 GEL 360 mlm of excess liquidity at YE 2009 Goodwill of GEL 70 mln written-off in Q4 2009, of which GEL 68 mln associated with Ukraine Pharmaceuticals and Healthcare, 1.7% Other, 14.3% Lak BANK OF GEORGIA Industry & State, 11.9% Construction & Real Estate, 17.1% www.bog.ge/ir Trade, 32.1% FMCG, 14.4% Energy, 8.5% Loan book BNB, 1% BG Bank, 10% RB & WM, 46% CB, 47% Retail loan book breakdown Micro loans, 12% Credit cards and overdrafts, 16% Mortgage loans, 43% Consumer and other*, 29% March 2010 Page 22

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