Banking Sector Financial Highlights

Investing for growth while maintaining the focus on efficiency Operating expenses +15.2% +14.9% Cost to income ratio* All currency data are in GEL m unless otherwise stated +3.3% 185 181 179 529 31.0% 1 30.6% 1 164 1 460 161 3 31 32 1 30 1 90 29.1% 3 28.8% 27 27 28 79 55 45 46 45 46 131 26.9% 38 39 110 95 94 96 103 107 306 268 32.5% 28.2% 3Q22 4Q22 1Q23 2Q23 3Q23 9M22 9M23 3Q22 4Q22 1Q23 2Q23 3Q23 9M22 9M23 Salaries and other employee benefits Administrative expenses Depreciation, amortisation and impairment Other operating expenses *4Q22 figures adjusted for a one-off GEL 391.1m other income related to the settlement of an outstanding legacy claim, and 2Q23 and 9M23 figures were adjusted for a one-off GEL 21.1m other income, related to the settlement of an outstanding legacy claim 28

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