Banking Sector Financial Highlights

Low inflation on the back of falling import prices and decreasing domestic price pressures The NBG continues a gradual exit from tight monetary policy Monetary policy rate Annual CPI inflation -Inflation target 16% 16% Annual 14% 5-year average Sep-23 Oct-23 14% Headline CPI 6.9% 0.7% 0.8% 12% 12% Core CPI 4.6% 2.5% 2.1% 10% 10% 8% 6% 4% 2% 0% -2% Feb-14 Jun-14 Oct-14 Feb-15 Jun-15 Oct-15 Source: GeoStat, NBG Feb-16 Jun-16 Oct-16 Feb-17 Jun-17 Oct-17 Feb-18 Jun-18 Oct-18 Feb-19 Jun-19 Oct-19 Feb-20 Jun-20 Oct-20 Feb-21 Jun-21 Oct-21 Feb-22 Jun-22 Oct-22 Feb-23 Jun-23 Oct-23 8% 6% 4% 2% 0% -2% Inflation is expected to remain below the central bank's 3% target throughout the rest of the year The National Bank of Georgia kept its policy rate unchanged at 10.0% on 25 October 2023, indicating the remaining inflation risks despite the recent slowdown The central bank is expected to continue a gradual exit from tight monetary policy 7

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