Bank of Georgia Financial Overview

Profitability & selected ratios Cost of funds, Loan yields Net loans/Client deposits GEL mln 120 200% 25% 180% 174.4% 170.6% 168.7% 19.3% 100 19.4% 18.6% 19.7% 20.1% 20.2% 20.0% 160.6% 160% 20% 147.8% 20.1% 136.9% 140% 80- 98.8 101.8 94.5 93.7 89.0 95.0 104.3 110.4 15% 120% 60 7.2% 3% 40 49.4 42.4 8.8% 45.1 85% 7.8% 20 100% 49.8 43.0 44.8 8.6% 10% 53.9 80% 52.7 8.4 60% 5% 40% 0 0% 20% Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010 0% Interest Income Interest Expense Cost of Funds Loan Yield Net interest margin (annualized) 12% 140.3% 131.9% 133.3% 127.5% 124.3% Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010 Cost Income Ratio 200% 9.8% 10.1% 10% 9.1% 8.9% 9.3% 9.8% 9.1% 9.0% 160% 9.9% 9.0% 8.5% 8.2% 9.1% 8.0% 8.3% 8% 8.1% 8.6% 8.8% 8.9% 8.6% 8.1% 7.5% 7.8% 8.1% 120% 6% 4% 2% 0% Q4 2007 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010 Net Interest Margin, Group Consolidated Net Interest Margin, BoG Standalone Lobko BANK OF GEORGIA www.bog.ge/ir 90.0% 128.3% 65.3% 80% 60.8% 59.1% 52.9% 54.9% 57.8% 50.5% 58.0% 53.9% 56.1% 57.8% 60.7% 49.0% 41.0% 50.8% 49.6% 40% 50.0% 44.0% 33.0% 30.8% 31.4% 31.7% 26.7% 28.8% 28.1% 29.0% 29.6% 26.9% 0% Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010 Cost/Income Ratio, Consolidated -Cost/Income Ratio, Bank of Georgia Standalone -Personnel costs/Total revenue, Consolidated November 2010 Page 37

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