Bank of Georgia Financial Snapshot and Loan Portfolio Quality

Healthy loan quality portfolio Cost of credit risk ratio 1.0% 0.9% 1.0% 0.9% 0.8% 0.7% 0.6% 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 ■ The quarter-on-quarter decrease of cost of credit risk was mainly driven by a reduction of Retail Banking cost of risk, partly offset by Corporate and Investment Banking. The cost of credit risk ratio was 0.9% in 1H23 (0.7% in 1H22), in line with the Group's normalised level ■The y-o-y decrease in the NPL ratio was driven by some recoveries in CIB. Compared with 31 March 2023, the NPL ratios were broadly stable across all segments All currency data are in GEL m unless otherwise stated Loan portfolio quality NPL coverage 89.6% 89.4% 66.4% 72.8% NPL coverage adjusted for the discounted value of collateral 138.0% 138.0% 128.9% 128.7% 70.4% 126.4% 472 443 437 423 398 2.6% 2.7% 2.4% 2.4% 2.4% Jun-22 Sep-22 Dec-22 INPLs Mar-23 NPLs to gross loans Jun-23 31

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