BGEO Group Financial Update

Banking Business | Strong liquidity Liquidity coverage ratio & net stable funding ratio JSC Bank of Georgia standalone Foreign currency VaR analysis* JSC Bank of Georgia standalone 250% 218.0% 160.8% 200% 163.8% 150% 115.8% 105.9% 100% 50% 214.7% 108.6% 104.5% 0% 2012 2013 2014 9M 2015 ■Liquidity coverage ratio ■Net stable funding ratio Cumulative maturity gap, 30 June 2015 Banking Business GEL thousands 1,000,000 883,738 803,675 753,275 800,000 600,000 400,000 11.6% 200,000 H 10.6% 9.9% 0 GEL thousands 3,500 3,000 2,500 2,000 1,500 1,000 500 0 (2/2) 3,100.5 3,077.7 2,952.6 2,574.1 2,633.9 2,421.7 2,224.7 2,162.8 2,204.7 2,252.5 1,029.4 1,036.8 839.4 902.7 562.5 475.5 383.3 30-Sep-14 578.8 601.8 615.6 6361 135.3 53.2 105.4 220.4 31-Oct-14 30-Nov-14 31-Dec-14 R31-Jan-15 Monthly VaR GEL (Average) VaR Limit 28-Feb-15 31-Mar-15 Open currency position JSC Bank of Georgia standalone 1,593,6 30-Apr-15 31-May-15 30-Jun-15 31-Jul-15 31-Aug-15 30-Sep-15 25% 1.4% 40,000 4% 20% 12,173 -11,394 -12,578 627,424 2% 0 15% 0% 10% 8.3% 5% -3.6% -3.7% 0% GEL thousands -40,000 -2% -1.3% -1.4% -4% -155,413 -80,000 -6% -120,000 -8% -10% -5% -160,000 -12% -11.6% (275,946) (282,972) -10% -200,000 -14% 2012 2013 2014 9M 2015 >3 Years FC net position, on and off balance, total As % of NBG total regulatory capital (old) -200,000 -400,000 Holding company of BANK OF GEORGIA On Demand 0-3 Months 3-6 Months 6-12 Months 1-3 Years Maturity gap Maturity gap, as % of total assets BGEO www.bgeo.com GROUP *Daily VaR time series averaged for each respective month November 2015 page 24

View entire presentation