Millions, Unless Otherwise noted

Q3 2009

Q3 2008

Growth

Bank of Georgia (Consolidated, IFRS Based)

GEL

US$

GEL

US$

Y-O-Y

Unaudited

Unaudited

Net Interest Income

48.9

29.2

58.9

41.9

-16.9%

Net Non-Interest Income

30.4

18.1

27.1

19.3

12.3%

Total Operating Income (Revenue)

79.3

47.3

85.9

61.2

-7.7%

Recurring Operating Costs

45.0

26.8

49.6

35.3

-9.4%

Normalized Net Operating Income

34.4

20.5

36.3

25.8

-5.4%

Profit Before Provisions

32.4

19.3

33.7

24.0

-3.7%

Net Provision Expense

30.0

17.9

103.2

73.4

-70.9%

Net Income/(Loss)

2.6

1.6

(59.0)

(42.0)

NMF

Tier I Capital Adequacy Ratio (BIS)

25.4%

24.7%

Total Capital Adequacy Ratio (BIS)

34.6%

25.3%

Tier I Capital Adequacy Ratio (NBG)

20.4%

18.2%

Total Capital Adequacy Ratio (NBG)

21.2%

15.5%