Georgia's Economic Outlook 2020

RESILIENT LOAN PORTFOLIO QUALITY 25 EXPECTED CREDIT LOSS AND NIM NPL COMPOSITION 7.3% NPL 92.7% 90.5% 80.9% 147.2% 6.5% coverage 5.6% 418 3.8% 3.3% 2.1% 279 288 2.1% 5.0% 301 318 204 253 284 27 49 21 18 3.5% 159 3.0% 3.1% 185 121 139 1.7% 133 114 124 68 2017 2018 2019 1Q20 2017 2018 2019 1Q20 Allowance for ECL, GEL mln Allowance for ECL as % of gross loans Net Interest Margin INPLS RB, GEL mln NPLs Other, GEL mln NPLS CIB, GEL mln NPLs to gross loans COST OF CREDIT RISK -70bps +570bps COST OF RISK INCREASE IN 1Q20 DUE TO COVID-19 7.4% -32.8% 241 +720bps 2.2% 1.7% 1.6% 0.9% 0.2% 2017 2018 2019 1Q19 4Q19 1Q20 GEL millions 167 160 108 43 14 2017 2018 2019 1Q19 4Q19 1Q20

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