Bank of Georgia Earnings and Strategy Update

STRONG PROFITABILITY NOTWITHSTANDING THE PANDEMIC 23 23 OUTSTANDING QUARTERLY PERFORMANCE Strong balance sheet growth with better than expected levels of lending in the consumer, micro and SME portfolios Strong operating income performance. Net interest income up 11.0% q-o-q, coupled with strong net fee and commission income generation, up 2.6% q-o-q, on the back of a strong performance in our settlement operations Net interest margin of 5.3%, up 30 basis points q-o-q TRACK RECORD OF STRONG PROFITABILITY 26.0% 21.8% 21.3% 21.5% 20% 29.4% 26.4% 25.7% Cost to income ratio of 39.8%, up from 36.8% in 3Q21, mainly driven by strong business growth, and increased investments in IT- related resources, digitalisation, and marketing Lending portfolio performing well. Annualised cost of credit risk ratio was a net gain of 0.2% in 4Q21. The non-performing loans ratio improved to 2.4% from 2.6% in 3Q21 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 Robust capital adequacy ratios, comfortably above the increased minimum regulatory requirements. We no longer use the capital buffers previously released by the NBG Superior levels of profitability. Despite a still challenging operating environment, delivering ROAE of 26.4% in 4Q21, the seventh consecutive quarter of delivering profitability above 20% during the pandemic -18.6%

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