3Q20 Financial Performance

Armenia Ukraine 10% INFLATION: GEORGIA AND PEERS 15% End-2019 Latest-2020 7.0% 6.1% 3.7% 3.8% 5% 2.3% 2.8% 1.4% 0% Azerbaijan Russia Georgia Belarus Kazakhstan Turkey Euro Armenia GEORGIA VS REGION: FX, INFLATION, POLICY RATE 46.4% 13.1% 17.4% 18.5% Moldova CURRENCY WEAKENING VS. US$ Source: Bloomberg Note: US$ per unit of national currency, period 1-Aug-2014 -31-October-2020 53.9% 54.9% 56.7% 57.8% 60.8% Georgia Source: Geostat 15% 11.8% 10% 5% do go 0% Russia Armenia Azerbaijan Russia Ukraine Kazakhstan Belarus Turkey MONETARY POLICY RATE: GEORGIA AND PEERS End-2019 Latest-2020 Source: Central Banks 4.3% 4.3% 6.0% 6.5% 7.8% 8.0% Ukraine Azerbaijan Belarus Georgia Kazakhstan Turkey 10.3% 9.0% 74.4% 65

View entire presentation