Fiscal and Loan Portfolio Analysis

Loan portfolio quality NPLs Consolidated Loan loss reserve, Consolidated 12% 9.8% 9.5% 10% 8.1% 140 6.3% 6.6% 8% 120 5.0% GEL mln 160 554.4% 140 600.0% GEL mln 200 180 500.0% 160 120 400.0% 100 60 80 300.0% 148.8 208.4% 139.8 140.0 60 109.1% 138.3% 40 104.6 129.3% 104.2% 200.0% 124.2% 131.0% 64.3 100.0% 20 ༄ - ཤྲ ཎྜ ཧྨཋ ༈ ཊ 100 80 32.1 19.0 23.3 0 0.0% Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 NPLs NPL coverage ratio NPLs, BoG Standalone 6% 183.3 173.7 155.1 129.0 135.2 4% 60 2.1% 2.1% 108.8 40 2% 39.6 44.4 0 0% Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Loan loss reserves Reserve For Loan Losses To Gross Loans, BoG Consolidated Loan loss reserve, BoG Standalone GEL mln 140 8% 6.9% 7.0% GEL mln 140 7.5% 7.5% 8% 6.4% 120 100 7% 6.8% 6.7% 7% 120 6% 4.7% 51.3 100 100 61.4 5% 5.5% 4.9% 6% 57.3 36.4 42.2 80 5% 75.4 3.2% 41.1 4% 00 60 60 60 80 83.6 45.2 38.2 4% 60 3% 3% 1.7% 41.6 40 1.9% 2.0% 1.2% 1.3% 67.4 2% 40 75.5 67.9 73.3 2% 54.5 10.8 57.7 20 20 46.3 22.4 11.3 35.9 1% 20 10.9 20 16.3 49.8 1% 22.7 29.8 22.2 8.1 9.7 12.0 14.5 0 0% 0 0% Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 RB & WM CB RB &WM CB % of Gross loans -Loan loss reserve as % of gross loans Lobko BANK OF GEORGIA www.bog.ge/ir March 2010 Page 23

View entire presentation