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Investor Presentaiton

STRONG PROFITABILITY NOTWITHSTANDING THE PANDEMIC TRACK RECORD OF STRONG PROFITABILITY 26.0% 21.8% 21.3% 21.5% 20% OUTSTANDING QUARTERLY PERFORMANCE Bank of Georgia's performance has been very strong in 2Q21: Strong balance sheet growth with better than expected levels of lending in consumer, micro and SME portfolios Robust operating income performance. Net interest income up 7.5% q-o-q, coupled with strong net fee and commission income generation, up 17.6% q-o-q, on the back of a strong performance in the payments and settlement operations Net interest margin of 4.7%, up 20 basis points q-o-q in 2Q21 Costs well-managed, with 36.4% cost to income ratio, while continuing to invest in IT-related resources, digitalisation and marketing Lending portfolio performing extremely well. Annualised cost of credit risk ratio was a net gain of 0.6% in 2Q21. The non-performing loans ratio remained stable at 3.5%, down 10 basis points q-o-q Robust capital adequacy ratios, comfortably above the increased minimum regulatory requirements. We do not utilise previously released capital buffers by the NBG Superior levels of profitability. Despite a still challenging operating environment, delivering ROAE of 29.4% in 2Q21, fifth consecutive quarter of delivering profitability above 20% during the pandemic 26 26 29.4% 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 -18.6%
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