Retail Banking Financial Update

8% 7% 6% 5% 4% 3% 2% 1% 0% -1% INFLATION TARGETING SINCE 2009 ANNUAL INFLATION Jan-14 Apr-14 Aug-14 Mar-15 Headline inflation Jan-1 Core (non-food, non-energy, non-tobacco) MONTHLY INFLATION Source: Geostat Source: Geostat 8% 3% 3% 5.7% 6% 2% 2% 1.1% 4% 2.8% 1% 2% 0% 0% -1% мама 1% 0% -1% -2% -2% -2% • WORLD COMMODITY PRICES Source: World Bank Note: Jan2014=100 8% Dec-14 Mar-15 Jan-14 Apr-14 Aug-14 Jul-15 Nov-15 Feb-16 Jun-16 Jun-16 Oct-16 Oct-16 Jan-17 Jan-17 May-17 Sep-17 Sep-17 Dec-17 Apr-16 Apr-18 Aug-18 Aug-16 Nov-18 Mar-19 Jul-19 Oct-19 Feb-20 Jun-20 Sep-20 Jan-21 。៩៦ ៖ ៖ ៩៩ 20 60 40 80 120 • Energy Non-energy 100 120 100 6% 80 4% 60 2% 40 20 0% -2% Jan-14 Apr-14 Aug-14 Dec-14 Mar-15 Jul-15 Nov-15 Feb-16 Jun-1 Oct-16 AVERAGE INFLATION Jan-14 Apr-14 Aug-14 Dec-14 Mar-15 Jul-15 Nov-15 Feb-16 Jun-16 Oct-16 Jan-17 Jan- May- May-17 May-17 Sep-17 Sep- Sep-17 Dec-17 Dec-17 Apr-1 Apr-18 Apr-18 Aug-18 Aug- Aug-18 Nov- Nov-18 ΟΙ - ΛΟΝ Mar-19 Mar-19 Jul-1 Oct-19 Feb-20 Jun-20 Sep-20 Jan-21 -2% 8% 6% 4.9% 4% 2% 0% Source: Geostat Jul-19 301-19 Oct-19 Oct-18 Feb-20 Feb-20 Jun-20 Sep-20 Jan-21 53

View entire presentation