Fiscal and Loan Portfolio Analysis

Net Foreign Currency Revenue cont'd Net fee & commission income GEL mln Net foreign currency related income related income 13 decreased by 42.6% in 12 2009, due to 12 the decline in trade activities 11 11.1 10.9 10.9 GEL mln 16 12.2 12.0 14 13.2 11.6 12 10 8 in Georgia by 11 c.30% & 10.2 10.2 exceptionally 10 high FX 10- Income in Ukraine in Q4 9 08. Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Income from documentary Income from documentary operations 14.9 10.4 9.4 8.8 7.1 6.5 5.2 6 4 2 0 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Other non-interest income 3.8 3.7 3.0 0.2 8:3 8:3 1.9 1.3 1.9 2.3 GEL mln 14 12 10 8 2.3 1.8 2.3 1.4 1.9 1.7 GEL mln operations increased by 3 34.3 % in 2009 2 Net Other Non-Interest 1.4 2 Income increased by 126% in 2009, 1 mostly due to الار الناس 5.1 4.9 5.0 -0.5 6 4.7 1.0 3.3 3.6 3.4 1.8 4 0.4 8:3 1.3 1.6 0.1 2 3.2 3.0 2.5 1.7 1.6 0 -0.4 -0.4 0.0 -1.1 1 -2 -3.4 0 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 -4 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 -6 ■Net Insurance Income Asset Management Income Other Brokerage Income Realized Net Investment Gains the increases in brokerage and insurance income Lobko BANK OF GEORGIA www.bog.ge/ir March 2010 Page 27

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