Bank of Georgia Financial Analysis

GEL millions GEL millions STRONG UNDERLYING PERFORMANCE Revenue growth | quarterly Banking Business +4.9% +1.5% 269.1 273.1 300 260.3 30% 77.2 83.8 31% 85.7 31% 200 70% 100 69% 183.1 185.3 187.4 69% GEL millions Banking Business Revenue growth | full-year +13.3% 1,200 1,030.0 909.3 900 290.4 28% 237.2 26% 600 300 672.1 739.6 74% 72% 4Q17 3Q18 4Q18 Net interest income Net non-interest income Net non-interest income | quarterly Banking Business +10.9% Banking Business +2.2% 2017 2018 ■Net interest income ■Net non-interest income Net non-interest income | full-year +22.4% 300 237.2 110 83.8 77.2 90 13.0 7.5 70 53.4 36.8 50 27.5 30 36.7 39.5 10 -10 4Q17 85.7 GEL millions 250 19.6 290.4 7.8 129.4 200 86.1 150 100 153.2 131.5 41.3 50 ○ (9.0) 3Q18 4Q18 2017 2018 Net fee and commission income Net other income Net foreign currency gain I Net fee and commission income Net other income Net foreign currency gain BANK OF GEORGIA 12

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