Georgia's Economic Outlook 2020

THE COMPETITION Leading market position in Georgia by assets (35.9%), loans (35.6%), client deposits (35.4%) and equity (28.9%) MARKET SHARE IN TOTAL ASSETS 38.4% 35.9% 19 MARKET SHARE IN GROSS LOANS 39.4% 35.6% 14.3% 4.7% 3.5% 3.2% BOG TBC LB VTB PCB Others BOG TBC 2018 2019 1Q20 FOREIGN BANKS MARKET SHARE BY ASSETS No state ownership of commercial banks since 1994 Local banks 81.8% Foreign banks 18.2% LB 14.4% 3.7% 3.6% 3.3% VTB 2018 2019 1Q20 PCB Others MARKET SHARE IN CLIENT DEPOSITS 35.4% 39.8% 11.2% 6.5% 4.3% 2.9% BOG TBC LB VTB PCB Others ■2018 2019 1Q20 Market data based on standalone accounts as published by the National Bank of Georgia (NBG) as of 31 March 2020 www.nbg.gov.ge

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