Bank of Georgia Financial Analysis

GEORGIA AT A GLANCE General Facts Herdam Area: 69,700 sq km Population (2018): 3.7 mln Life expectancy: 73.5 years Official language: Georgian Literacy: 100% Capital: Tbilisi Currency (code): Lari (GEL) Economy Nominal GDP (Geostat) 2018E: GEL 41.2 bln (US$16.3 bln) Real GDP growth rate 2014-2018E: 4.6%, 2.9%, 2.8%, 4.8%, 4.8% Real GDP 2010-2018 annual average growth rate: 4.8% GDP per capita 2018 (PPP) per IMF: US$ 11,600 Annual inflation (e-o-p) 2018: 1.5% External public debt to GDP 2018E: 35.3% BANK OF GEORGIA Hamburg Dusseldorf Leipzig GERMANY Frankfurt POLAND BELARUS CZECH REP. SLOVAKIA UKRAINE Penza KAZA Munich MOLDOVA AUSTRIA LECHENSTEN HUNGARY Elista WICZERLAND SLOVENIA Milan Turin ROMANIA BOSNIA & Genoa CROATIA HERZEG Majkop Nalčk MONAS ce SAN MARINO CAN Grozny YUGOSLAVIA ALBANIA MACEDONIA Salon BULGARIA Black Sea Macha GEORGIA ARMENIA AZERBAUA TURKEY AZER GEORGIA Sovereign Credit Ratings Rating Agency Rating Outlook Affirmed MOODY'S Ba2 Stable September 2018 Fitch Ratings BB- Positive S&P Global BB- Stable August 2018 May 2018 35

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