Bank of Georgia Earnings and Strategy Update

RESILIENT LOAN PORTFOLIO COST OF CREDIT RISK RATIO 2.2% Entering the COVID-19 environment with a de-risked banking 1.6% sector 0.9% LOAN PORTFOLIO QUALITY NPL coverage ECL provision created for the full economic cycle in 1Q20 92.7% 90.5% 80.9% 76.3% 95.5% NPL coverage adjusted for collateral value 130.6% 129.9% 139.6% 128.8% 147.7% 1.8% 3.8% 3.3% 3.7% 2.4% 2.1% 546 395 318 301 253 0.0% 2017 2018 2019 2020 2021 Dec-17 Dec-18 Dec-19 INPLS, GEL millions Dec-20 Dec-21 NPLs to gross loans 27

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