Bank of Georgia Financial Analysis

THE COMPETITION Leading market position in Georgia by assets (34.7%), loans (33.5%), client deposits (33.9%) and equity (29.2%) Peer group's market share in total assets Peer group's market share in gross loans 50% 38.2% 40% 34.7% 30% 20% 10% 50% 38.8% 40% 33.5% 30% 20% 15.7% 14.6% 10% 4.7% 4.1% 3.8% 3.9% 4.2% 3.9% 0% LB VTB PCB Others BOG TBC BR LB VTB PCB Others 2016 2017 2018 2016 2017 2018 0% BOG TBC BR Foreign banks market share by assets 2006 Peer group's market share in client deposits 2018 50% 41.2% 40% 33.9% No state ownership of Foreign 30% Foreign banks banks, 19.7% commercial 32.0% 20% banks since 1994 Local Local banks, 68.0% banks 10% 80.3% 10.9% 6.4% 4.6% 3.0% 0% BOG TBC BR LB VTB 2016 2017 2018 PCB Others BANK OF GEORGIA 1 Market data based on standalone accounts as published by the National Bank of Georgia (NBG) as of 31 December 2018 www.nbg.gov.ge 2 TBC's market shares for 2017 include Bank Republic numbers 11

View entire presentation