Bank of Georgia Growth and Reform Strategy

THE COMPETITION Leading market position in Georgia by assets (36.3%), loans (34.9%), client deposits (36.3%) and equity (29.8%) Peer group's market share in total assets Peer group's market share in gross loans 50% 38.2% 40% 36.3% 30% 20% 50% 39.5% 40% 34.9% 30% 14.2% 20% 14.6% 10% 4.5% 3.5% 3.2% 10% 3.9% 3.7% 3.4% 0% 0% BOG TBC LB VTB PCB Others BOG TBC LB VTB PCB Others 2017 2018 2019 2017 2018 2019 Foreign banks market share by assets Peer group's market share in client deposits 2006 2019 No state ownership of Foreign banks, commercial 32.0% banks since 50% 39.0% 40% 36.3% Foreign banks 30% 18.3% 20% Local 1994 banks, Local 68.0% banks 10% 11.4% 5.9% 4.4% 2.9% 81.7% 0% BOG TBC LB ■2017 2018 2019 VTB PCB Others BANK OF GEORGIA Market data based on standalone accounts as published by the National Bank of Georgia (NBG) as of 31 December 2019 www.nbg.gov.ge 10 10

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