Bank of Georgia Group Financial Results

Bank loan book growth vs. nominal GDP growth Healthy banking sector, with dollarisation down Nominal GDP growth, y-o-y Bank credit growth, y-o-y 75% Bank credit growth in constant currency terms, y-o-y 45% 70% 40% 65% 35% 60% 30% 25% 55% 20% 50% 15% 13.5% 11.2% 10% 45% 8.4% 5% 40% 0% 35% -5% -10% 30% 2Q14 4Q14 2Q15 4Q15 Source: NBG, GeoStat, BOG 2Q16 4Q16 2Q17 4Q17 2Q18 4Q18 2Q19 4Q19 2Q20 4Q20 2Q21 4Q21 2Q22 4Q22 2Q23E Source: NBG 2Q14 4Q14 2Q15 4Q15 2Q16 4Q16 2Q17 4Q17 2Q18 4Q18 2Q19 4Q19 2Q20 4Q20 2Q21 4Q21 2Q22 4Q22 Loan and deposit dollarisation 2Q23 Bank loan dollarisation Bank deposit dollarisation Non-performing bank loans to total gross loans in selected countries, 2022 Lithuania Estonia Czech Rep. 0.5% 0.8% 1.5% Georgia 1.5% Slovenia 1.8% Latvia 1.8% Slovakia 1.9% Türkiye 2.0% Poland 2.4% Azerbaijan 2.6% Romania 2.7% North Macedonia 2.8% 50.8% Italy 2.8% 45.2% Kazakhstan 3.4% Uzbekistan 3.5% Hungary 3.9% Croatia Bosnia & Herz. Bulgaria Montenegro 4.3% 4.5% 4.6% 6.3% Moldova Greece 6.4% 6.5% Source: IMF 10

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