Management Target for 2010 Summary

Loan portfolio quality Loan quality under the following stress tests Armed conflict with Russia in August 2008 17% devaluation of Lari against US$ in one day in November 2008 Political crisis in Georgia peak in Spring 2009 NPLS, BOG Standalone NPLs Consolidated GEL m In 180 554.4% 160 140 120 30.1 23.9 28.6 600% 32.1 500% 400% 100 80 80 17.2 51.3 61.4 75.4 69.2 300% 208.4% 7.7 60 138.3% 200% 169.1% 128-3% 124.2% 124.1% 104.2% 40 41.6 67.6 106.6% 100% 20 22.4 11.3 35.9 10.9 22.7 54.5 46.3 8.1 9.7 12.0 67.4 0 0% Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 RB &WM CB Other* - NPL coverage ratio *Other NPLs include BNB and BG Bank Loan loss reserve, Consolidated GEL min 160 GEL m In 7.5% 8% 7.5% 9.5% 7.4% 9.4% 200 10% 6.8% 6.9% 180.0 140 74% 7% 180 155.1 173.7 173.6 9.2% 9% 7.0% 8.1% 120 6.7% 6.4% 5.5% 6% 160 8% 8.6% 135.2 4.9% 140 129.0 7.8% 7.6% 7.6% 7% 100 5% 120 6.6% 6% 4.7% 6.3% 108.8 80 4% 100 5% 5.1% 3.2% 111.3 118.7 5.0% 136.8 115.9 80 4% 60 3% 87.4 60 3% 44.4 40-1.9% 2.0% 39.6 2.9% 56.6 2% 1.3% 40 2.1 2.1% 2% 1.1% 1.7% 20 1% 20.2% 1% 1.5% 1.0% 32.1 23.3 19.0 0 0% 0 0% Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Loan loss reserves INPLS % of Gross loans Loan loss reserve as % of gross loans Lobko BANK OF GEORGIA www.bog.ge/ir Reserve For Loan Losses To Gross Loans, BoG Consolidated Consolidated NPLs to Gross Loans, BoG Consolidated May 2010 Page 29

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