Investor Presentaiton

STRONG PROFITABILITY NOTWITHSTANDING THE PANDEMIC OUTSTANDING QUARTERLY PERFORMANCE Bank of Georgia's performance has been very strong in 3Q21: Strong balance sheet growth with better than expected levels of lending in consumer, micro and SME portfolios Strong operating income performance. Net interest income up 6.6% q-o-q, coupled with strong net fee and commission income generation, up 9.2% q-o-q, on the back of a strong performance in the payments and settlement operations Net interest margin of 5.0%, up 30 basis points q-o-q in 3Q21 Costs well-managed, with 36.8% cost to income ratio, while continuing to invest in IT-related resources, digitalisation and marketing Lending portfolio performing extremely well. Annualised cost of credit risk ratio was 0.2% in 3Q21. The non-performing loans ratio improved to 2.6% from 3.5% in 2Q21 TRACK RECORD OF STRONG PROFITABILITY 26.0% 21.8% 21.3% 21.5% 20% 26 26 29.4% 25.7% 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 Robust capital adequacy ratios, comfortably above the increased minimum regulatory requirements. We do not utilise capital buffers previously released by the NBG -18.6% Superior levels of profitability. Despite a still challenging operating environment, delivering ROAE of 25.7% in 3Q21, the sixth consecutive quarter of delivering profitability above 20% during the pandemic

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