Bank of Georgia Financial Overview

Growth oriented reforms Ease of Doing Business, 2011 (WB-IFC Doing Business Report) UK 4 USA 5 Norway 8 GEORGIA 12 Estonia 17 Azerbaijan Armenia Up from 112 in 2005 54 48 Bulgaria Romania Turkey 51 56 65 Kazakhstan 59 Montenegro 66 Belarus 68 Serbia 89 Russia 123 Ukraine 145 Economic Freedom Index, 2010 (Heritage Foundation) USA UK 8 11 Estonia 16 GEORGIA 26 Latvia 50 Hungary 55 51 Romania 63 France Turkey Italy Bulgaria Kazakhstan Azerbaijan 64 67 74 75 82 96 Russia 143 Ukraine 162 TI 2010 Global Corruption Barometer: % admitting having paid a bribe within the last 12 months TI 2010 Global Corruption Barometer: % of the surveyed claiming the corruption level has decreased United Kingdom 1% GEORGIA 3% Canada 4% United States 5% Spain 5% EU+ 5% France 7% Austria 9% Japan 9% Italy 13% Czech Republic Poland Latvia Romania 14% 15% 15% 28% Turkey 33% 34% Lithuania Sources: Transparency International, Heritage Foundation, World Bank BANK OF GEORGIA www.bogh.co.uk www.bankofgeorgia.ge/ir GEORGIA Poland Turkey 26% 26% Japan 14% Czech Republic 14% Austria 9% Latvia 9% Lithuania 8% France 7% United States 6% Italy 5% Canada 4% United Kingdom 3% Spain 3% EU+ 3% Romania 2% 78% Georgia ranks 1st in the world in terms of the (public perception of the) decrease of the level of corruption May 2012 Page 34

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