Bank of Georgia Growth and Reform Strategy

RESILIENT LOAN PORTFOLIO QUALITY Expected credit loss and NIM NPL composition Banking Business NPL Banking Business coverage ratio 86.7% 92.7% 90.5% 80.9% 7.4% 7.3% 400 8% 6.5% 500 5% 4.2% 3.8% 5.6% 3.3% 300 5.1% 6% 400 2.1% 4% 4.7% 4.9% 295 318 301 4.7% 300 27 253 3% 200 4% 38 49 18 256 279 288 200 159 2% 121 203 185 100 205 2% 100 1% 133 114 55 68 0% O 0% 2016 2017 2018 2019 2016 2017 2018 2019 Allowance for ECL, GEL mln Risk Adjusted NIM Net Interest Margin NPLs RB, GEL mln NPLs Other, GEL mln. NPLS CIB, GEL mln NPLs to gross loans Cost of Credit Risk Cost of Risk -32.8% Banking Business -70bps 3.0% 2.7% -90bps Banking Business -30bps 180 168 167 160 2.5% 2.2% 2.0% 1.6% 1.5% 1.0% 0.5% 1.1% 0.9% 0.5% 0.2% GEL millions 150 120 -65.1% 108 -6.5% 90 60 30 41 15 14 0.0% O 2016 2017 2018 2019 4Q18 3Q19 4Q19 2016 2017 2018 2019 4Q18 3Q19 4Q19 BANK OF GEORGIA 18

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