Bank of Georgia Financial Overview

Consolidated Net Normalized Operating profit, Provision expense Normalized net operating income, Consolidated GEL mln 45 Net provision expense BoG standalone GEL mln 160 +15.6% q-0-940.1 140 34.7 200 Operating Income (NNOI) 40 38.7 37.3 36.6 36.3 37.1 increased 15.6% 34.3 35 34.3 q-o-q up 16.9% 30.8 29.6 30 у-о-у 25 120 103.9 100 60 80 Related to the armed conflict in August 2008 Consolidated 20 Net provision 60 40 expenses of 15 GEL 14.2 mln 10 20 8.6 6.7 29.6 24.0 18.2 17.7 12.3 6.5 9.9 in Q3 2010, (4.5) 0 5 GEL 12.6 mln in Q2 2010 and -20 0 20 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2008 2008 2008 2008 2009 2009 2009 2009 Q4 Q1 Q2 2010 2010 Q3 2010 GEL 30.0 mln in Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010 -40 40 Q3 2009 improved by 52.6% y-o-y GEL mln Profit (loss) before provisions/Net Income/Loss, Consolidated Net operating cash flow 9m 2010 9m 2009 60 45.1 unaudited 40.5 36.8 36.2 38.5 Bank of 40 33.7 34.0 32.4 31.9 28.3 26.4 Georgia 20 Standalone Net 8.7 5.1 0 provision (1.1) (4.3) LL 20.8 19.6 16.8 Interest paid 2.6 Cash flow from operating activities Interest received Fees and commissions received 303,443 (151,331) 283,745 (167,643) 54,013 49,489 Fees and commissions paid (9,581) (9,155) expenses of Q3 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010 Net realized gains from trading securities 2,564 2,169 -20 2010 declined -40 by 44.3% y-o-y Net realized gains from investments securities Net realized gains from foreign currencies Recoveries of loans to customers 277 24,892 19,282 15,354 8,213 -60 Insurance premiums received 33,623 31,600 (59.0) Net Income for Insurance claims paid (21,162) (21,492) -80 (76.1) Other operating income received 10,207 10,605 nine months Salaries and other employee benefits paid (70,812) (69,405) 2010 was GEL -100 General and administrative and operating expenses paid (52,558) (54,857) (102.3) 57.2 mln Net cash flow from operating activities 138,652 82,828 -120 Growth rate 67.4% Profit/(Loss) Before Provisions. Net Income Loka BANK OF GEORGIA www.bog.ge/ir November 2010 Page 36

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