3Q20 Financial Performance

GROWING AND WELL-CAPITALISED BANKING SECTOR SUMMARY Prudent regulation and oversight ensuring financial stability Demonstrated strong resilience towards both domestic and external shocks without single bank going bankrupt No nationalization of the banks and no government ownership since 1994 Resilient to different shocks to the economy, room for healthy credits growth with retail loans at 32.8% of GDP and total loans at 63.8% of GDP in 2019 Source: National Bank of Georgia, Geostat 50 40 10 So 30 20 63 BANKING SECTOR ASSETS, LOANS AND DEPOSITS Source: NBG 25.0% CAGR 47.2 31.9 26.2 BANKING SECTOR LOANS TO GDP, 2019 Source: IMF, Central Banks Bulgaria 49.3% Poland Czech Rep. Russia Croatia Armenia 49.9% 50.7% 53.3% 55.8% 55.8% Slovakia Georgia Estonia Turkey 62.3% 63.8% 68.7% 70.1% Israel 71.0% Assets, GEL bn ■Loans, GEL bn Deposits, GEL bn NON-PERFORMING LOANS, LATEST-2020 Source: IMF, NBG Lithuania 1.0% Hungary 1.3% Georgia Czech Rep. 2.3% 2.8% Latvia 3.5% Poland 3.8% Turkey 4.2% Romania Belarus Armenia 4.4% 5.1% 5.5% Portugal Bulgaria Bosnia & Herz. 6.0% 6.5% 6.7% Croatia Kazakhstan Russia 6.7% 8.6% 9.6%

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