3Q20 Financial Performance

3Q20 AND 9M20 RESULTS HIGHLIGHTS BALANCE SHEET HIGHLIGHTS* KEY RATIOS* 17 GEL thousands Sep-20 Sep-19 Change y-o-y Jun-20 Change 9-0-9 3Q20 3Q19 2Q20 9M20 9M19 Liquid assets 6,339,663 Cash and cash equivalents 2,154,224 Amounts due from credit 1,980,195 institutions Investment securities 2,205,244 5,099,111 1,369,169 1,834,220 1,895,722 24.3% 57.3% 8.0% 16.3% 5,447,730 1,633,755 1,700,075 2,113,900 ROAA** 3.0% 3.2% 2.4% 1.1% 3.0% 16.4% 31.9% 16.5% ROAE** 26.0% 26.8% 21.8% 9.9% 24.7% Net interest margin. 4.8% 5.4% 4.2% 4.7% 5.7% Loan yield 10.7% 11.5% 10.2% 10.6% 11.8% 4.3% Liquid assets yield 3.3% 3.2% 3.4% 3.5% 3.4% Loans to customers and finance Cost of funds 4.7% 4.5% 4.8% 4.8% 4.5% lease receivables 13,627,144 11,339,745 20.2% 12,599,092 8.2% Cost of client deposits and notes 3.8% 2.9% 3.5% 3.5% 3.0% Property and equipment 390,401 Total assets 21,166,953 Client deposits and notes 12,985,039 Amounts owed to credit institutions 3,757,646 Borrowings from DFIs 1,807,472 Short-term loans from NBG 874,153 364,405 7.1% 17,540,692 20.7% 9,613,718 35.1% 3,437,718 9.3% 1,355,426 33.4% 1,271,027 -31.2% 396,272 19,183,966 11,583,139 3,521,860 1,755,656 847,213 -1.5% 10.3% 12.1% 6.7% Cost of amounts owed to credit institutions Cost of debt securities issued 6.9% 6.8% 7.3% 7.3% 7.0% 7.0% 7.7% 7.7% 7.5% 7.6% Cost Income**** 37.1% 37.9% 43.9% 39.7% 37.3% 3.0% NPLs to gross loans to clients NPL coverage ratio 3.8% 76.8% 3.2% Loans and deposits from NPL coverage ratio, adjusted for discounted value of collateral 2.9% 85.3% 115.7% 131.4% 129.3% 166.3% 2.7% 3.8% 2.9% 76.8% 85.3% 131.4% 129.3% 1,076,021 811,265 32.6% 918,991 17.1% commercial banks Cost of credit risk ratio 0.2% Debt securities issued Total liabilities Total equity 1,628,188 18,795,816 2,371,137 2,175,820 -25.2% 1,561,933 15,500,833 21.3% 16,984,167 2,039,859 16.2% 2,199,799 4.2% 10.7% 7.8% NBG (Basel III) CET1 capital adequacy ratio NBG (Basel III) Tier I capital adequacy ratio NBG (Basel III) Total capital adequacy ratio 9.9% 12.0% 17.3% 0.5% 11.1% 13.3% 12.0% 16.8% 17.4% -0.2% 2.4% 1.1% 9.9% 9.9% 11.1% 12.0% 13.3% 17.3% 16.8% The detailed financials of the Group are presented on pages 74-79 ** The 9M19 ROAA and ROAE are adjusted for GEL 14.2 one-off employee costs (net of income tax), related to termination benefits of the former CEO and executive management *** The 9M19 cost/income ratio is adjusted for GEL 12.4mln one-off employee costs (gross of income tax), related to termination benefits of former executive management

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