Bank of Georgia Financial Overview

Loan portfolio quality improving Consolidated NPLs Consolidated NPL composition & coverage ratio GEL mln GEL mln 160.0 170.0% 8.2% 8.1% 149.3% 160.0 7.5% 8.5% 7.2% 140.0 150.0% 140.0 7.7% 117.6 7.5% 28.6 130.0% 120.0 120.0 140.0 6.5% 114.3% 100.3 94.3 5.5% 100.0 119.0% 126.2% 110.0% 36.3 4.6 100.0 3.9 4.7% 90.0% 4.5% 80.0 80.0 3.4% 3.5% 75.8 54.2 70.0% 60.0 3.8% 60.0 2.5% 77.1 70.3 50.0% 40.0 1.5% 40.0 30.0% 20.0 0.5% 20.0 35.5 10.0% 0.0 -0.5% 27.1 18.6 20.2 -10.0% 2009 NPLs 2010 2011 Q1 2012 2009 2010 2011 Q1 2012 NPLs to gross loans Net Interest Margin INPLS RB & WM NPLs CB NPLs Other NPL coverage ratio Consolidated loan loss reserve, NPLs to gross loans GEL mln 200.0 Consolidated cost of credit risk & cost of risk ratio 10.0% GEL mln 166.5 9.1% 175.5 140.0 8.0% 150.0 119.0 120.0 6.0% 7.7% 6.9% 114.7 6.0% 100.0 100.0 4.3% 4.3% 4.0% 80.0 4.7% 3.4% 132.2 60.0 50.0 3.8% 2.0% 40.0 0.0 2009 2010 0.0% 20.0 2011 Q1 2012 Loan loss reserves Loan loss reserves as % of gross loans NPLs to gross loans *Other NPLs include BNB and BG Bank BANK OF GEORGIA www.bogh.co.uk www.bankofgeorgia.ge/ir 7.0% 6.0% 5.0% 4.0% 2.3% 3.0% 1.0% 0.9% 2.0% 47.7 1.0% 22.2 7.4 0.0% 2009 2010 2011 Q1 2012 Cost of credit risk Cost of risk ratio, annualised May 2012 Page 15

View entire presentation