Bank of Georgia Financial Snapshot and Loan Portfolio Quality

Investing for growth while maintaining the focus on efficiency Operating expenses +11.5% +9.3% +14.8% Cost to income ratio* All currency data are in GEL m unless otherwise stated 181 179 344 28 1578 161 161 164 1 2 1 32 32 1 30 299 58 27 28 2 52 32.5% 37 31 55 445 2 46 85 38 39 30.6% 31.0% 71 29.1% 26.9% 103 199 95 95 94 96 174 33.6% 27.9% 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 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 and 2Q23 and 1H23 figures were adjusted for a one-off GEL 21.1m other income, related to the settlement of an outstanding legacy claim 27

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