Bank of Georgia Financial Snapshot and Loan Portfolio Quality

-10% Fiscal consolidation on the back of strong economic growth Fiscal balance as % of GDP 0% -5% -5.3% 2010 -2.0% -1.9% -2.1% -2.4% -1.7% -2.7% -2.3% -2.6% -2.8% -9.3% -6.1% Consolidated budget tax revenues, GEL m 2021 2022 2023 +18.2% y-o-y growth in 6M23 (+29.9% in 2022) -2.2% -2.5% 2,000 -3.1% -2.1% -2.3% 1,800 -2.8% 1,600 1,400 1,200 1,000 800 600 400 200 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023F 2024F 2025F 2026F 2027F Source: MOF, GeoStat, forecasts as of 2023 budget law Note: Deficit calculated as net lending / borrowing minus budget lending Source: MOF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 59

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