Bank of Georgia Financial Analysis

FURTHER JOB CREATION IS ACHIEVABLE Unemployment rate down 0.1ppts y/y to 13.9% in 2017 Average monthly wages and income per household Source: GeoStat Source: Geostat 1,800 20% 500 1,700 400 1,600 15% 1,500 300 1,400 10% 200 1,300 1,200 5% 100 1,100 0 1,000 0% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Employed, 000' persons Unemployment rate, % Wages, US$ Total income, US$ Share of services in total employment on the rise Source: GeoStat 900 2,000 800 700 1,500 600 500 1,000 400 300 500 200 100 O O 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 ■Services (incl. construction) ■ Agriculture ■Manufacturing BANK OF GEORGIA Hired workers accounted for 48.3% in total employment in 2017 Source: GeoStat 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 ■Public sector (hired workers) ■Non-public sector (hired workers) 41

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