PitchSend

Bank of Georgia Financial Analysis

GEL millions FOCUS ON EFFICIENCY Cost / Income | quarterly Banking Business Cost / Income | full-year Banking Business 39% 39% 37% 37% 38.3% 37.7% 35% 36.9% 35% 36.7% 36.1% 33% 33% 31% 31% 29% 29% 27% 27% 25% 25% 4Q17 3Q18 4Q18 2017 2018 Revenue and operating expenses | quarterly Banking Business Operating Leverage: +3.8% y-o-y Banking Business 300 250 269.1 273.1 260.3 200 150 99.7 97.1 100.9 100 50 4Q17 ■Revenue 3Q18 BANK OF GEORGIA 4Q18 Operating expenses GEL millions Revenue and operating expenses | full-year Operating Leverage: +2.9% y-o-y 1,200 1,030.0 1,000 909.3 800 600 342.9 378.5 400 200 O 2017 2018 ■Revenue Operating expenses 14

View entire presentation