BGEO Group Financial Update

GEL millions Banking Business | Strong liquidity Liquid assets to total liabilities Banking Business NBG liquidity ratio Banking Business 9,000 36.0% 37.4% 36.9% 40% 7,892 32.3% 8,000 35% 7,000 5,813 30% 6,000 5,094 25% 5,000 4,430 20% 4,000 2,914 15% 3,000 1,904 1,875 1,596 10% 2,000 1,000 5% 0 0% 2012 2013 2014 9M 2015 Liquid assets Total liabilities Liquid assets to total liabilities Net loans to customer funds Banking Business Bank Standalone, GEL mln 5,000 4,500 41.1% 4,000 3,415 3,500 3,166 3,000 2,500 2,000 1.562 1,302 1,500 1,000 353 500 0 2012 Liquid assets (NBG) Excess liquidity NBG min requirement (1/2) 4,662 50% 45.7% 45% 35.0% 3,558 40.5% 40% 35% 30% 25% 1,890. 20% 1,245 15% 537 10% 491 178 5% 0% 2013 2014 9M 2015 Liabilities (NBG) Liquid assets liabilities ≥ 30% Net loans to customer funds & DFIS Banking Business 140% 127.5% 140% 130% 130% 114.8% 115.4% 113.6% 120% 120% 108.6% 110% 110% 96.8% 95.9% 100% 100% 92.5% 90% 90% 80% 80% 70% 70% 60% 60% 50% 50% 40% 40% 2012 2013 2014 9M 2015 2012 2013 2014 9M 2015 Net loans to customer funds, consolidated Holding company of BANK OF GEORGIA BGEO www.bgeo.com GROUP November 2015 Net loans to customer funds & DFIs, consolidated page 23

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