Tracking Georgia's Economic Recovery

STRONG INTERNAL CAPITAL GENERATION CAPITAL RATIOS EVOLUTION DURING 9M20 28 9M20 NBG Potential Capital ratios DEC-19 profit general New Tier 2 Capital Business growth (excl. NBG provision - GEL Devaluation general COVID-19 facility impact ratios impact of additional SEP-20 10% GEL provision) impact devaluation CET1 capital adequacy ratio 11.5% -0.4% 2.3% -2.6% -0.9% 9.9% -0.7% Tier I capital adequacy ratio 13.6% -0.6% 2.3% -2.5% -0.8% 12.0% -0.6% Total capital adequacy ratio 18.1% -0.9% 2.3% -2.4% -0.7% 0.9% 17.3% -0.5% Strong internal capital generation NBG general provisioning: c.GEL 400 million general provision created for the full economic cycle in 1Q20 in relation to the COVID-19 impact, resulting in the decline of capital ratios during first nine months of 2020 Tier 2 subordinated facility: in April 2020, the Bank drew down a $55 million second tranche of the Tier 2 capital instrument initially arranged in December 2019

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