Banking Sector Financial Highlights

27.9%29.5%31.2% 35.8% 64.8% 59.6% 52.8%54.7% 47.2% 40.8% Debt-to-GDP ratios started to pick up gradually on the back of healthy lending growth Banking sector loans to households and legal entities as % of GDP Household loans to GDP ■Legal entity loans to GDP Public debt as % of GDP 2010 2011 2012 2013 2014 2015 Source: NBG, GeoStat, BOG 77.6% 71.8% 62.4% 0.7% 62.6% 63.9% 2016 2017 2018 2019 2020 2021 2022 1Q23 2Q23 3Q23E The previous decreases in private debt-to-GDP ratio have created room for healthy credit expansion 31.9% 28.3% 28.8% 29.5% 2010 2011 2012 2013 Source: MOF, GeoStat, BOG 2014 I Domestic public debt to GDP External public debt to GDP 31.0% 36.7% 2015 2016 2017 60.2% 49.7% 40.3% 39.4% 38.9% 40.4% 2018 2019 2020 39.8% 37.5% 38.3% 38.5% 2021 2022 1Q23 2Q23 3Q23 Given the reduced international public debt-to-GDP and economy increased is well- reserves, the Georgian positioned to withstand possible shocks 11 11

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