Investor Presentaiton

GROWING AND WELL-CAPITALISED BANKING SECTOR Summary Prudent regulation and oversight ensuring financial stability Demonstrated strong resilience towards both domestic and external shocks without single bank going bankrupt No nationalization of the banks and no government ownership since 1994 Resilient to different shocks to the economy, room for healthy credits growth with retail loans at 33.2% of GDP and total loans at 64.5% of GDP in 2019 45 OUSTON WWE U 20 Banking sector assets, loans and deposits 25.0% CAGR Source: NBG 47.2 39.7 34.6 30.1 31.9 26.6 25.2 20.6 22.3 17.3 18.9 14.4 12.7 16.0 7.2 8.9 8.3 10.6 13.0 2.7 6.0 4.6 5.2 6.3 7.7 8.7 10.5 1.3 1.7 2.5 4.2 508701017.3 2.1 3.2 3.6 4.0 5.5 6.7 7.6 9.7 11.6 14.3 17.0 19.8 23.0 26.2 Source: National Bank of Georgia, Geostat Banking Sector loans to GDP, 2018 Source: IMF, NBG Russia 51.1% Bulgaria 51.5% Poland 52.7% Czech Rep. 52.8% Bosnia & Herz 54.5% Armenia 55.5% Croatia 56.0% Georgia 59.6% Slovakia 61.4% Estonia 64.1% Turkey 64.2% Israel 66.5% BANK OF GEORGIA Assets, GEL bn Loans, GEL bn Deposits, GEL bn Non-performing loans, latest-2019 Source: IMF, NBG Georgia 1.9% Hungary 2.0% Lithuania 2.2% Czech Rep. 2.9% Poland 4.0% Turkey 4.1% Romania Belarus Armenia Latvia 4.6% 5.0% 5.5% 5.7% Bulgaria Croatia Bosnia & Herz. Portugal Kazakhstan 7.6% 7.6% 7.7% 7.7% 8.6% Russia 10.1% 54 54

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