Investor Presentaiton

CURRENT ACCOUNT DEFICIT SUPPORTED BY FDI Current account balance (% of nominal GDP) CA deficit at record low 2.7% of GDP in 9M19 Source: NBG, Geostat Source: NBG, Geostat 30% Goods, net Income, net -CA deficit Services, net Transfers, net .net FDI 20% 9.5% 10.4% 8.1% 8.2% Income (net) 6.0% 6.5% Trade deficit -20.4% -23.1% -4.2% -4.9% ■9M19 ■9M18 10% 4.6% 5.3% 5.3% 0% Current Transfers (net) -10% -5.6% -8.1% -6.8% -9.8% -12.2% -11.4% -10.2% Services (net) -11.8% 7.9% 7.7% 14.0% 14.5% -20% -12.4% -30% -2.7% CA deficit -5.8% 2010 2011 2012 2013 2014 2015 2016 2017 2018 FDI and capital goods import Building international reserves, US$ bn Source: Geostat Source: NBG 18% 16% 4.0 3.5 3.3 14% 12.1% 11.6% 3.5 3.0 10.9% 12% 2.8 2.9 2.8 3.0 2.7 2.8 10.4% 8.5% 2.5 10% 7.5% 8.1% 8.0% 7.1% 2.5 2.3 8% 6.5% 8.7% 2.0 6% 7.2% 7.9% 7.6% 7.2% 7.1% 7.2% 6.4% 4% 6.0% 1.5 5.7% 1.0 2% 0% 0.5 2012 2015 2018 9M19 0.0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 FDI to GDP, % --Capital goods imports to GDP, % BANK OF GEORGIA 50

View entire presentation