Banking Sector Financial Highlights

Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 Sep-16 Currency movements vs. US$, 12/31/2022 - 10/31/2023 1.2% -0.1% -0.1% -0.2% -1.4% -1.4% -8.8% -25.3% -30.6% -51.1% GEL supported by sustained FX inflows despite some weakening in recent months UAH AZN EUR GEL KZT AMD UZS RUB BYN TRY GEL real effective exchange rate 140 140 REER (Jan 2014 = 100) ......... REER 3-year moving average 130 130 120 120 110 110 100 100 90 90 80 80 80 Jan-17 May-17 Source: NBG Note: +/- means appreciation/depreciation of the corresponding currencies Sep-17 Jan-18 May-18 Sep-18 Jan-19 May-19 Sep-19 Jan-20 May-20 Sep-20 Jan-21 May-21 Sep-21 Jan-22 May-22 Sep-22 Jan-23 May-23 Sep-23 Despite some weakening in recent months, GEL remained broadly unchanged against USD in the first ten months of 2023, after a 12.5% appreciation in 2022 GEL is expected to maintain its current position backed by robust external inflows and positive growth outlook 8

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