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Investor Presentaiton

SOLID ECONOMIC GROWTH IN 9M21 REAL GDP GROWTH IN 2021 EXCEEDING 2019 LEVEL Real GDP growth in 9M21: 11.3% y-o-y 4.8% compared to 9M19 Source: Geostat 70% 60% 44.8% 50% 40% 30% 20% 4.0% 10% -3.0% 0% -7.0% 1.2% -10% -5.1% -11.5% -20% -30% Jan Feb Mar Apr May Jun Jul Aug Sep 25.8% 20.8% 18.7% 8.8% 9.9% 10.3% 9.5% 6.9% 6.1% 3.8% 4.5% Real GDP growth, 2021 vs. 2020 Real GDP growth, 2021 vs. 2019 GDP contracted by 6.2% in 2020 and by 4.5% in 1Q21, mainly due to COVID-19 pandemic-related mobility restrictions With restrictions gradually eased, recovery has gained impressive momentum since 2Q21, with real GDP up 29.9% y-o-y in 2Q21 and up 9.0% y-o-y in 3Q21 Overall, real GDP growth during the first nine months of 2021 was 11.3% y-o-y, exceeding the 9M19 pre-pandemic level by 4.8% Robust growth in remittances and exports, and a faster than expected rebound in tourism, along with fiscal stimulus and accelerated banking sector lending, have supported the recovery In the first nine months of 2021: Exports were up 24.0% y-o-y and up 9.0% compared to the first nine months of 2019 Remittances were up 27.8% y-o-y and up 35.7% compared to the first nine months of 2019 Tourism revenues accounted for c.34% of 2019 levels, with tourism arrivals accelerating since April 2021 5
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