Current business model and strategy Bank of Georgia Group is a Georgia-focused banking business with an impressive track record of delivering superior returns and maximising shareholder value. Bank of Georgia Group is a financially robust, innovative and truly public financial institution with exemplary corporate governance standards and remarkable competitive advantage in the local market in terms of attracting financial and human capital. By harnessing its strong customer relationships and continuous digital innovation, the Group aims to continue to deliver on its strategy, which is based on at least 20% ROAE and 15-20% growth of its loan book in the medium to long term. JSC Bank of Georgia, the systemically important and leading universal Georgian bank, is the core entity of the Group that offers Retail Banking, Corporate Investment Banking and Wealth Management services. Among the ancillary business lines are leasing, payment services and banking operations in Belarus through BNB. Retail Corporate Wealth BNB Banking Investment Management (Bank in Banking Belarus) GROWTH 15-20% DIVIDEND PROFITABILITY PAYOUT 20%+ 25-40% c. 35% c. 78% of daily Strong High 20%+ Market share transactions brand name standards of ROAE in loans and via remote recognition and transparency deposits channels Retail Banking and governance franchise 22 Annual Report 2018Bank of Georgia Group PLC