Retail Banking Financial Update

Georgia Azerbaijan Armenia 7.4% 7.5% 4.9% 5.0% 3.7% 5% 2.8% 2.4% 0% Euro GEORGIA VS REGION: FX, INFLATION, POLICY RATE • INFLATION: GEORGIA AND PEERS Source: Statistic Offices 20% End-2019 End-2020 15% 10% 20% 14.6% 15% Russia Ukraine Belarus Kazakhstan Turkey 0% Russia 10% 5% Armenia Azerbaijan Moldova 8.7% 0.1% 0.0% Armenia CURRENCY WEAKENING VS. US$ Source: Bloomberg Note: +/-appreciation/depreciation period 1-January - 31-December, 2020 Kazakhstan -9.1% -10.1% -14.3% -19.0% -19.7% Georgia Ukraine End-2019 End-2020 Russia Belarus -22.9% -23.4% Turkey MONETARY POLICY RATE: GEORGIA AND PEERS Source: Central Banks 4.3% 5.3% 6.0% 6.3% 7.8% Ukraine Azerbaijan Belarus Georgia Kazakhstan Turkey 9.0% 8.0% 17.0% 58

View entire presentation