FY20 Results and Strategy Overview

CURRENT ACCOUNT BALANCE ADJUSTING AFTER RECORD LOWS Current account balance (% of nominal GDP) Sources: NBG Exports and Re-exports, US$ billion GEORGIA CAPITAL 30% The CAB was -12% in 9M20, with goods trade adjustment and record high money transfers mitigating evaporating service exports 30% Source: NBG Service exports ■Goods exports, geo-originated Re-exports 20% 20% 1.0 0.8 10% 10% 0% 0% 1.1 0.9 0.5 0.7 -10% -5.6% -3.1% -10% 0.9 0.4 0.3 3.9 -5.0% 3.6 -9.8% -20% -12.2% -11.4% -10.2% -8.1% -6.8% 0.7 -11.8% -12.0% -12.5% 3.1 -20% 2.9 0.8 3.1 3.1 2.5 -30% 0.5 2.6 0.3 -30% 0.2 0.2 2.5 2.5 -40% 0.2 0.1 -40% 1.9 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 9M19 9M20 0.0 0.0 0.0 0.0 0.6 0.7 Goods, net Current transfers, net FDI and capital goods import Source: GeoStat Services, net Current account Investment income, net FDI, inflows 2000 2001 2002 2003 2004 E 0.1 2.1 1.8 1.6 4.5 4.6 2.4 4.0 1.3 1.4 1.0 2.6 3.0 3.0 3.1 3.3 3.6 0.5 0.6 0.7 0.9 1.1 1.3 1.3 1.6 2.0 1.3 2005 2006 2010 2016 2017 2018 2019 9M19 9M20 10.3% 8.1% 7.5% 6.9% 7.2% 7.2% 6.2% 6.5% 5.7% 5.9% 11.7% 11.1% 10.3% 8.7% 8.5% 7.9% 7.6% 7.8% 7.2% 7.1% 7.4% 8.0% 6.8% 6.2% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 9M19 9M20 IFDI, % of GDP Capital Goods Import, % of GDP 74

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