Ameriabank COVID-19 Response and Financial Highlights

Λ General GDP: 13.7 bln (2019, current $) GDP per capita: 4,615 (2019, current $) Average real GDP growth (2013-2019):4.4% Moody's: Ba3 (stable) Fitch: BB- (negative) Armenia: country overview High average GDP growth and low inflation 2013-2020, 1st half 5.8% 3.6% 3.7% 3.3% 3.0% 3.2% 7.5% 5.2% 7.6% 2.5% 0.2% 1.4% 1.0% 0.5% -1.4% -5.7% Well Diversified Economy 2013 2014 GDP Structure by production* 2015 GDP real growth, % 2016 2017 2018 2019 1H2020 -Inflation, 12m YoY 21.3% 18.5% Most Stable Currency in the Region (regional currencies vs USD FX rate dynamics)** 320 300 5.8% 11.9% 280 260 6.4% 240 11.3% 220 6.6% 200 7.3% 10.7% 180 160 ■Industry ■Agriculture, hunting, forestry and fishing 140 ■Wholesale and retail trade 120 ■Taxes on products (minus subsidies) 100 ■Real estate activities 80 ■Arts, entertainment and recreation Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 ■Financial and insurance activities ■Construction ■ Other AMD RUB KZT AZN GEL TRY * *most recent 4 quarters, as of Q2 2020 *daily rate changes with 2014 January as basis. Source: Bloomberg Jan-20 24 24

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