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1 4 November 2026 www.lionfinancegroup.uk
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Investor PresentationLion Finance Group 2 Who we are Macroeconomic Highlights 3Q26 and 9M26 Group Results Georgian Financial Services Armenian Financial Services Appendices Glossary Glossary
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Investor PresentationLion Finance Group 3 LSE-listed FTSE 100 Group with a diversified global investor base, mainly operating leading, customer-focused and digitally-driven banks in the high-growth markets of Georgia and Armenia Strong digital engagement High profitability Strong loan book growth* Market share by loans - N1 38.5% Sep-26 Market share by loans - N1 23.0% Sep-26 3.6% Other Businesses 29.7% Armenian Financial Services 66.7% Georgian Financial Services c.25.9B USD in assets (September 2026) 2.4m 5-year CAGR +25.7% Monthly active digital retail users in Georgia and Armenia 29.2% 2021-2025 average ROAE +24.4% Sustained loan portfolio expansion 5-year CAGR *Following the March 2024 Ameriabank acquisition, the Group revised its reporting segments to Georgian Financial Services (GFS), Armenian Financial Services (AFS) , and Other Businesses, retrospectively adjusting financial data from 2023 for comparability. Loan CAGR (excluding AFS) for the Sep -21 to Sep-26 period was 15.2%
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Investor PresentationLion Finance Group 25.8% 32.4% 29.9% 30.0% 28.4% 27.2% 2021 2022 2023 2024 2025 9M26 19.8% 12.9% 19.6% 21.4% 19.7% 24.6% Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Sep-26 4 Dividend and buyback payout ratio Annual loan book growth ROAE Dividend and share buyback payout ratio c.15% 20%+ 30-50% The main bank Excellent customer experience Profitable growth Loan book y-o-y growth in constant currency ROAE (adjusted for one-offs) See the endnotes 1 2 3 35% 37% 37% 31% 30% 2021 2022 2023 2024 2025
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Investor PresentationLion Finance Group 5 Strong customer franchise growth and high customer satisfaction NPS* – Bank of Georgia 78 +4pp y-o-y Bank of Georgia, Retail Digital MAU 1,987.2K +13.9% y-o-y NPS** – Ameriabank 83 +5pp y-o-y Ameriabank, Retail Digital MAU 417.4K +36.8% y-o-y *Based on external research by IPM Georgia, surveying a random sample of customers with face -to-face interviews **Ameriabank measures its NPS internally each month, the figure shown reflects the 12-month average of monthly scores ending Sep-26 Operating income before cost of risk GEL 881m GEL 2,432m 3Q26 | 9M26 | +25.4% y-o-y +21.6% y-o-y Profit GEL 662m GEL 1,866m 3Q26 | 9M26 | +21.0% y-o-y +18.6% y-o-y Net loans Client deposits GEL 46.5bn +22.6% y-o-y GEL 44.9bn ROAE 27.2% 27.2% 3Q26 | 9M26 | -0.6pp y-o-y -0.7pp y-o-y Cost of credit risk 0.7% 0.5% 3Q26 | 9M26 | +0.2pp y-o-y +0.1pp y-o-y As at 30 September 2026 +24.6% y-o-y in cc +19.2% y-o-y +21.1% y-o-y in cc
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Investor PresentationLion Finance Group 7 Real GDP growth, year-on-year GDP per capita, USD in thousands Source: Geostat, Armstat, IMFSource: Armstat, Geostat, IMF. Georgia and Armenia forecasts are provided by Lion Finance Group Note: Peers include countries in Central and Eastern Europe, Central Asia, and South Caucasus 5.9% 7.1% 5.5% 5.5% 9.7% 7.5% 7.5% 6.0% 3.4% 2.9% 2.7% 2.6% -10% -5% 0% 5% 10% 15% Armenia Georgia Peer median 4.8 10.9 16.0 5.1 11.2 17.3 12.5 21.4 25.2 2021 (data) 2026 (expected) 2031 (forecast) Armenia Georgia Central and Eastern Europe (CEE) average 61% gap 48% gap 34% gap
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Investor PresentationLion Finance Group 8 GEL and AMD exchange rate performance against the USD (Jan-2019 = 100; appreciation shown as increase) Selected currency movements against the USD (% change YTD as of 30 September; appreciation shown as increase) Source: Corresponding central banksSource: NBG, CBA 12.6% 4.9% 3.3% 1.7% 0.0% -1.8% -3.5% -4.1% -5.8% -7.9% -14.2% KZT AMD GEL UZS AZN GBP EUR BYN UAH RUB TRY YTD as of 30 September 2026 102.6 133.3 50 60 70 80 90 100 110 120 130 140 150 Jan-19 May-19 Sep-19 Jan-20 May-20 Sep-20 Jan-21 May-21 Sep-21 Jan-22 May-22 Sep-22 Jan-23 May-23 Sep-23 Jan-24 May-24 Sep-24 Jan-25 May-25 Sep-25 Jan-26 May-26 Sep-26 GEL AMD Covid-19 pandemic outbreak Onset of Russia- Ukraine war Middle East escalation
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Investor PresentationLion Finance Group 9 Balance of payments in Georgia (% of GDP) Balance of payments in Armenia (% of GDP) Source: CBA, ArmstatSource: NBG, Geostat Net capital transfers and other items Net debt issuance Current account deficit Reserve accumulation 5.9% 3.5% 5.2% 7.5% 4.4% 2.9% 2.9% 2.2% 1.4% 11.2% 7.6% 1.4% 3.1% 4.0% 6.0% 12.4% 10.3% 4.4% 5.6% 5.1% 2.6% 1.5% 1.1% 1.9% 2.4% 3.1% -1.8% 3.2% 5.7% 1.0% 1.2% 2.1% 4.1% 1.5% 2.3% 6.5% 3.0% 5.5% -2.0% 3.4% 8.6% 7.7% 7.1% 4.0% 3.4% 3.5% 6.2% 8.7% 8.8% 4.3% -2.2% 5.0% 4.8% - 2.4% 4.3% 6.0% 3.7% - 1.5% 1.9% 2.6% 3.5% 3.0% 4.8% Net equity investment Net capital transfers and other items Net debt issuance Current account deficit Reserve accumulation Net equity investment Stable foreign investment flows and increasing non-resident holdings of government securities… …financing the narrower CA deficit and driving reserve accumulation Increasing foreign investment flows, non- resident holdings of government securities, and capital transfers… …sufficient to finance the wider CA deficit and support reserve accumulation
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Investor PresentationLion Finance Group 10 Inflation and monetary policy in Georgia Inflation and monetary policy in Armenia Source: Armstat, CBA Note: In Armenia, inflation target has been set at 3% since the beginning of 2025 Source: Geostat, NBG Note: Core CPI inflation excludes food, energy, regulated tariffs, and tobacco products Year-on-year inflation Last 5-year average Aug-26 Sep-26 Headline CPI 5.5% 5.6% 5.6% Core CPI 3.6% 3.6% 3.5% Services 5.5% 4.4% 3.7% 8.25% 5.6% 3.0% -3% 0% 3% 6% 9% 12% 15% Jan-16 May-16 Sep-16 Jan-17 May-17 Sep-17 Jan-18 May-18 Sep-18 Jan-19 May-19 Sep-19 Jan-20 May-20 Sep-20 Jan-21 May-21 Sep-21 Jan-22 May-22 Sep-22 Jan-23 May-23 Sep-23 Jan-24 May-24 Sep-24 Jan-25 May-25 Sep-25 Jan-26 May-26 Sep-26 Monetary policy rate, end-of-period Headline CPI inflation, y/y Inflation target Year-on-year inflation Last 5-year average Aug-26 Sep-26 Headline CPI 4.0% 4.4% 4.3% Core CPI 4.1% 4.8% 4.7% Services 3.6% 2.8% 2.9% 6.75% 4.3% 3.0% -3% 0% 3% 6% 9% 12% 15% Jan-16 May-16 Sep-16 Jan-17 May-17 Sep-17 Jan-18 May-18 Sep-18 Jan-19 May-19 Sep-19 Jan-20 May-20 Sep-20 Jan-21 May-21 Sep-21 Jan-22 May-22 Sep-22 Jan-23 May-23 Sep-23 Jan-24 May-24 Sep-24 Jan-25 May-25 Sep-25 Jan-26 May-26 Sep-26 Monetary policy rate, end-of-period Headline CPI inflation, y/y Inflation target
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Investor PresentationLion Finance Group 11 International reserves in Georgia (end of period, US$ bn) International reserves in Armenia (end of period, US$ bn) Source: NBG, Ministry of Finance of Georgia, IMF; Net reserves estimated by LFG * The ratio within the range of 100%-150% is considered adequate Source: CBA, Ministry of Finance of Armenia; Net reserves estimated by LFG * The ratio within the range of 100%-150% is considered adequate Net FX purchases by the NBG, US$ bn 2023 2024 2025 9M26 1.3 -0.4 2.4 3.4 1.5 1.6 1.7 1.8 1.6 1.7 2.2 2.8 1.6 3.5 5.9 2.8 3.0 3.3 3.5 3.9 4.3 4.9 5.0 4.4 6.2 8.2 93% 92% 93% 100% 107% 109% 102% 95% 79% 100% 128% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Sep-26 Net international reserves Gross international reserves Reserve adequacy ratio* 1.1 1.2 1.1 1.5 1.1 1.1 1.4 1.5 1.6 2.5 3.8 2.2 2.3 2.3 2.8 2.6 3.2 4.1 3.6 3.7 5.1 6.7 117% 110% 105% 123% 122% 143% 154% 116% 109% 150% 178% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Sep-26 Net international reserves Gross international reserves Reserve adequacy ratio* Net FX purchases by the NBG, US$ bn 2023 2024 2025 9M26 1.1 0.7 1.8 2.0
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Investor PresentationLion Finance Group 12 Government debt in Georgia (end of period, % of GDP) Government debt in Armenia (end of period, % of GDP) Source: Ministry of Finance of Georgia, Geostat Note: The fiscal deficit is measured as the government’s augmented net lending/borrowing (IMF definition) Source: Ministry of Finance of the Republic of Armenia, Armstat Note: The fiscal deficit is measured as the government’s overall balance on a cash basis (IMF definition) Tax revenue to GDP (%) 2023 2024 2025 2026f 2027f 2028f 24.4% 25.0% 24.4% 23.6% 23.4% 23.9% Tax revenue to GDP (%) 2023 2024 2025 2026f 2027f 2028f 24.0% 23.3% 24.0% 24.8% 25.4% 25.5% 6.9% 6.9% 7.2% 8.3% 12.4% 9.6% 9.8% 10.6% 10.8% 11.2% 11.7% 12.8% 13.7% 39.5% 38.8% 38.2% 40.0% 59.6% 49.1% 39.2% 38.9% 35.7% 34.4% 31.9% 31.6% 31.5% -2.7% -2.7% -2.2% -2.1% -9.2% -6.0% -3.0% -2.4% -2.3% -1.4% -1.4% -2.5% -2.4% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026f 2027f 2028f Domestic debt External debt Total debt Fiscal balance as % of GDP 10.9% 11.0% 11.1% 11.3% 16.1% 17.7% 19.4% 22.8% 24.7% 25.2% 25.1% 24.9% 24.4% 51.9% 53.7% 51.2% 50.1% 63.5% 60.2% 46.7% 48.2% 47.7% 47.2% 46.5% 47.4% 47.3% -5.6% -4.7% -1.8% -1.0% -5.4% -4.6% -2.1% -2.0% -3.7% -3.7% -4.0% -3.4% -2.8% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026f 2027f 2028f Domestic debt External debt Total debt Fiscal deficit as % of GDP
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Investor PresentationLion Finance Group 13 Bank lending growth on a constant currency basis, y-o-y Foreign-currency loans to total gross bank loans Tier 1 capital to assets, Jun-2026 or latest available Source: NBG, CBA Source: IMFSource: NBG, CBA 6.0% 6.1% 8.0% 8.6% 9.0% 9.0% 9.1% 10.7% 11.0% 11.1% 11.4% 12.7% 13.8% 14.0% 14.5% 15.3% 15.3% 16.5% Türkiye Poland Ukraine Russia Albania Azerbaijan Hungary Bosnia & Herz. Kosovo Moldova Bulgaria N. Macedonia Uzbekistan Belarus Kazakhstan Armenia Georgia Kyrgyzstan 16.9% 25.4% -5% 0% 5% 10% 15% 20% 25% 30% 35% 1Q16 3Q16 1Q17 3Q17 1Q18 3Q18 1Q19 3Q19 1Q20 3Q20 1Q21 3Q21 1Q22 3Q22 1Q23 3Q23 1Q24 3Q24 1Q25 3Q25 1Q26 3Q26 Georgia Armenia 41.5% 37.2% 0% 10% 20% 30% 40% 50% 60% 70% 1Q16 3Q16 1Q17 3Q17 1Q18 3Q18 1Q19 3Q19 1Q20 3Q20 1Q21 3Q21 1Q22 3Q22 1Q23 3Q23 1Q24 3Q24 1Q25 3Q25 1Q26 3Q26 Georgia Armenia
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Investor PresentationLion Finance Group 1515 1.98m2.35m 1515 GFS highlights 3Q26 & 9M26 Retail Digital MAU +10.5% y-o-y +13.9% y-o-y Retail MAC GEL 494.2m GEL 1,419.3m +13.9% y-o-y 3Q26 9M26 +13.7% y-o-y 29.6% 30.5% 3Q26 9M26 +14.5% in cc +18.6% in cc Loan book growth Deposit growth Profit ROAE y-o-y y-o-y
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Investor PresentationLion Finance Group 16 Business manager For marketing and sales teams sCoolApp Kid’s financial app BogPay, POS, QR Payment network Web platforms 6 own websites BOG app & internet bank Retail financial superapp Self-service terminals To reduce cash Chatbot Streamlined on Google Gemini Business app & Bonline For CEO’s and finance professionals BOG App Digital DAU/ Digital MAU 54.2%1.98m Digital MAU +13.9% y-o-y +2.8pp y-o-y Business App 4.9/5 4.8/5 93% Digital MAU/ MAC 84.5%117.6k Digital MAU CSAT in 3Q26 +13.6% y-o-y +2.0pp y-o-y 1.08m Digital DAU +20.1% y-o-y 87% Share of loans sold digitally +1.2pp y-o-y 4.6/5 4.6/5 92% CSAT in 3Q26 3Q26 key digital updates • Real-Time Gross Settlement (RTGS) FX transfers and payment tracking • Enhanced investment capabilities (Custom portfolios, share portfolio, stop-Loss) • Expanded Al capabilities across search, chatbot and servicing journeys • Gen-Al bot rollout in business app and sCoolApp • Open Banking and API enhancements for businesses
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Investor PresentationLion Finance Group 17 17
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Investor PresentationLion Finance Group 18 thousands Market share in acquiring volumes* Sep 2026 +0.6pp y-o-y 56.8% Active merchants Sep 2026 +15.9% y-o-y 29.9K GEL millions * To provide a clearer view of our business performance, we have excluded instant Peer -to-Peer (P2P) transactions from our acquiring volume figures starting from 3Q25. Although previously classified as e -commerce activity due to the technical nature of card-to-card transfers, these transactions do not reflect our core merchant acquiring business. Accordingly, we have restated all prior period figures for consistency and comparability Figures given for JSC Bank of Georgia standalone Acquiring - volume of payment transactions* Issuing – Payment MAU +23.1% +14.3% +12.5% +3.1% 1,567 1,640 1,668 1,710 1,763 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 3,980 4,044 3,563 4,173 4,887 2,080 2,352 2,225 2,351 2,573 6,060 6,396 5,788 6,524 7,459 3Q25 4Q25 1Q26 2Q26 3Q26 POS terminals E-commerce
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Investor PresentationLion Finance Group 19 NPS* *Based on external research by IPM Georgia, surveying a random sample of customers with face -to-face interviews Engaging with customers proactively and responding in real time Anticipating customer needs and wants Harnessing strong human relationships with data analytics for dynamic customer insights Investing in technology to deliver excellent customer experience Figures given for JSC Bank of Georgia standalone 37 42 34 46 49 43 47 5554 52 60 5858 61 5959 61 71 67 73 73 74 76 75 73 78 Nov-19 Feb-20 Aug-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26
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Investor PresentationLion Finance Group 14,552 14,596 15,179 17,739 17,709 12,936 12,717 12,764 12,814 13,156 27,488 27,313 27,943 30,553 30,865 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Local currency Foreign currency 15,210 15,822 16,276 16,858 17,597 10,940 11,466 11,986 12,306 12,783 26,150 27,289 28,262 29,164 30,380 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Local currency Foreign currency 20 All currency data are in GEL m unless otherwise stated 41.8% 58.2% 42.1% 57.9% 47.1% 52.9% 42.6% 57.4% Loan portfolio Deposit portfolio +16.2% +4.2%+18.6% cc +4.9% cc +12.3% +1.0%+14.5% cc +1.7% cc
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Investor PresentationLion Finance Group 38.2% 37.8% 38.0% 38.1% 38.5% 37.1% 37.2% 36.9% 36.9% 37.3% Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Bank of Georgia TBC Bank 42.0% 41.0% 40.6% 41.8% 40.1% 36.9% 36.6% 36.4% 35.1% 36.6% 40.6% 40.7% 40.2% 39.5% 39.6% Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Bank of Georgia TBC Bank Bank of Georgia exl. MoF 46.1% 46.1% 45.8% 45.5% 45.0% 35.1% 34.7% 34.6% 34.1% 33.9% Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Bank of Georgia TBC Bank 21 Market share – gross loans Market share – customer deposits Market share – deposits of individuals * *MoF - Ministry of Finance of Georgia
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Investor PresentationLion Finance Group 15.5% 17.6% 20.5% 2.6% 3.1% 2.0% 18.1% 20.7% 22.5% CET1 Tier1 Total Min requirement Buffer above minimum requirement 22 Capital position Liquidity position NBG Liquidity coverage ratio 147.9% y-o-y +21.7pp q-o-q -4.1pp NBG Net stable funding ratio 132.0% y-o-y +4.6pp q-o-q -0.9pp
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Investor PresentationLion Finance Group 2424 417.4k546.1k 2424 Retail Digital MAU +25.4% y-o-y +36.8% y-o-y Retail MAC GEL 161.4m GEL 433.8m +44.8% y-o-y 3Q26 9M26 +43.3% y-o-y 24.4% 23.2% 3Q26 9M26 +39.5% in cc +38.1% in cc Loan book growth Deposit growth *Excluding the retention bonus effect on prior year’s operating expenses, profit growth would have been 30.9% and 28.0% y-o-y in 3Q26 and 9M26, respectively AFS highlights 3Q26 & 9M26 Profit* ROAE y-o-y y-o-y
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Investor PresentationLion Finance Group 25 MyInvest #1 brokerage platform MyBusiness SME banking & onboarding platform MyHome Mortgage & property marketplace MyAmeriaStar Youth banking application MyCar Auto finance & vehicle marketplace Beyond Banking Event hub; MyGift; Zvartnots MyAmeria 417.4k Digital MAU +36.8% y-o-y 181.7k Digital DAU +42.5% y-o-y Digital MAU/MAC Digital DAU/Digital MAU 76.4% +6.4pp y-o-y 43.5% +1.7pp y-o-y 3Q26 key digital updates • Cardless ATM cash-in via QR and one-time codes • Digital document management and e-signatures • Split-payment functionality for QR payments • Card order tracking with in-app card activation • Single Sign-On (SSO) infrastructure development
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Investor PresentationLion Finance Group 26 thousands Active merchants Sep 2026 +11.9% y-o-y 17.3K AMD millions Acquiring - volume of payment transactions Issuing – payment MAU +49.7% +6.8% 86,540 98,112 89,008 113,717 130,443 132,598 152,590 146,409 146,203 137,656 219,138 250,702 235,417 259,920 268,099 3Q25 4Q25 1Q26 2Q26 3Q26 POS terminals E-commerce +22.3% +3.1% 284 314 371 397 425 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Figures given for CJSC Ameriabank standalone
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Investor PresentationLion Finance Group 27 42.5% 57.5% 44.2% 55.8% 40.8% 59.2% 40.4% 59.6% Loan portfolio Deposit portfolio +36.3% +5.7%+38.1% cc +6.7% cc +38.2% +6.6%+39.5% cc +7.6% cc 6,258 6,771 7,026 7,727 8,277 4,633 5,048 5,525 6,314 6,569 10,891 11,819 12,551 14,042 14,846 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Loacal currency Foreign currency 5,227 5,832 6,190 6,934 7,276 3,600 3,798 3,998 4,510 4,927 8,827 9,630 10,189 11,444 12,203 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Loacal currency Foreign currency All currency data are in GEL m unless otherwise stated
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Investor PresentationLion Finance Group 28 Loans market share, Sep-26Historical market share Deposits* market share, Sep-26 +1.8pp y-o-y +0.1pp q-o-q Flat y-o-y -0.7pp q-o-q Source: Financial statement of respective banks * Including issued local bonds * 16.9% 17.6% 19.6% 20.9% 21.8% 23.0% 16.3% 16.2% 17.3% 18.5% 19.4% 19.4% Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Sep-26 Loans Deposits 6.1% 7.2% 9.5% 19.7% 23.0% 6.1% 7.3% 8.0% 19.4% 23.3%
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Investor PresentationLion Finance Group 12.0% 14.1% 16.8% 2.0% 1.4% 1.5% 14.0% 15.5% 18.3% CET1 Tier1 Total Min requirement Buffer above minimum requirement 29 Capital position Liquidity position CBA Liquidity coverage ratio 203.0% y-o-y +0.2pp q-o-q +23.0pp CBA Net stable funding ratio 125.3% y-o-y +4.1pp q-o-q -0.7pp • On 28 July 2026, the Board of the Central Bank of Armenia decided to raise the countercyclical capital buffer from 1.75% to 2 .00% of risk-weighted assets, with the new rate effective February 1, 2027. Subsequently, on 20 October 2026, the CBA Board approved a further increase to 2.25%, effective 1 May 2027
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Investor PresentationLion Finance Group 215 277 215 241 247 637 703 56 87 61 75 74 167 211 23 29 26 40 31 85 97 294 393 302 355 353 889 1,010 3Q25 4Q25 1Q26 2Q26 3Q26 9M25 9M26 GFS AFS Other 776 840 794 857 893 2,210 2,544 269 315 290 326 352 768 968 38 47 40 59 50 122 149 1,083 1,202 1,125 1,242 1,295 3,099 3,661 3Q25 4Q25 1Q26 2Q26 3Q26 9M25 9M26 GFS AFS Other 31 Net interest incomeNet operating income Net non-interest income See the endnotes 4 +19.6% +18.1% GFS:+15.1%; AFS:+31.1% GFS:+15.1%; AFS:+26.1% +20.1% +13.7% GFS:+14.7%; AFS: +33.5% GFS:+10.3%; AFS:+26.2% 4 561 563 579 617 646 1,573 1,841 213 228 229 251 278 601 757 15 18 15 19 18 37 52 789 809 823 886 942 2,211 2,651 3Q25 4Q25 1Q26 2Q26 3Q26 9M25 9M26 GFS AFS Other GFS:+15.2%; AFS: +30.5% GFS:+17.1%; AFS:+26.1% +19.4% +19.9% All currency data are in GEL m unless otherwise stated
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Investor PresentationLion Finance Group 32 Net interest margin Loan yield, cost of funds, cost of deposits (Group) • GFS: NIM expanded by 40 bps y-o-y to 6.6% in 3Q26, reflecting a methodology adjustment excluding mandatory reserves from interest -earning assets. On an underlying basis, NIM increased by 20 bps y-o-y in 3Q26 and remained broadly stable q-o-q • AFS: NIM stood at 6.4% in 3Q26, up 40 bps q-o-q, partly reflecting the Group-wide exclusion of non-interest-bearing mandatory reserves from the calculation as described above. On a comparable basis, NIM increased 10 bps, supported by a 10 -bps improvement in loan yield to 11.4% and a higher share of loans in interest-earning assets Cost of fundsLoan yield Cost of client deposits and notes 6.3% 6.2% 6.2% 6.3% 6.5% 6.2% 6.0% 6.3% 6.4% 6.6% 6.5% 6.4% 6.0% 6.0% 6.4% 3Q25 4Q25 1Q26 2Q26 3Q26 Group GFS AFS 12.4% 12.4% 12.3% 12.3% 12.2% 5.0% 5.1% 5.1% 5.1% 5.0% 4.3% 4.5% 4.5% 4.4% 4.4% 3Q25 4Q25 1Q26 2Q26 3Q26
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Investor PresentationLion Finance Group 33 Net fee & commission income Net foreign currency gain • GFS: Net fee and commission income grew 31.9% y-o-y in 3Q26 (27.2% in 9M26), partly reflecting arrangements with international payment systems, including rate changes and sign-on benefits. On an underlying basis, 3Q26 growth was 17.4% y-o-y, driven by settlement operations and acquiring volumes • AFS: Net fee and commission income rose 94.3% y-o-y in 3Q26 (56.8% in 9M26). Excluding GEL 1.1m in advisory fees and GEL 3.8m in reclassified currency fees (both of which were not present in the 3Q26 base), 3Q26 growth was 66.1% y-o-y, driven by transaction volumes and improved pricing • GFS: Net foreign currency gains were broadly flat y-o-y in 3Q26 and declined 3.9% y-o-y in 9M26, reflecting a more stable currency environment and increased market competition • AFS: Net foreign currency gains grew by 20.9% y-o-y in 3Q26 and 13.4% y-o-y in 9M26, primarily driven by increased dealing turnover across both corporate and retail transactions +39.9% +30.9% GFS:+31.9%; AFS:+94.3% GFS:+27.2%; AFS:+56.8% +10.6% +3.2% GFS:+0.3%; AFS:+20.9% GFS:-3.9%; AFS:+13.4% All currency data are in GEL m unless otherwise stated 125 177 149 163 165 376 478 17 53 30 33 34 62 97 3 3 3 3 5 10 11 145 234 183 200 204 448 586 3Q25 4Q25 1Q26 2Q26 3Q26 9M25 9M26 GFS AFS Other 95 92 76 87 95 269 259 38 35 33 45 46 110 125 19 24 21 34 27 71 81 152 151 130 166 168 450 465 3Q25 4Q25 1Q26 2Q26 3Q26 9M25 9M26 GFS AFS Other
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Investor PresentationLion Finance Group 34 Operating expenses Cost to income ratio • GFS: Operating expenses increased by 9.3% y-o-y in 3Q26 and 13.2% y-o-y in 9M26, mainly driven by higher staff costs reflecting salary increases. OPEX decreased by 3.4% q-o-q due to an elevated 2Q26 base; on an underlying basis, OPEX was flat q -o-q • AFS: Operating expenses increased by 6.4% y-o-y in 3Q26 and 4.8% y-o-y in 9M26. Excluding the management retention bonus recognised in 2025, OPEX increased by 17.6% and 16.2% y-o-y in 3Q26 and 9M26, respectively, reflecting higher performance-related expenses in line with stronger business results. AFS maintained positive operating leverage on an adjusted basis +9.0% +11.8% GFS:+9.3%; AFS:+6.4% GFS:+13.2%; AFS:+4.8% All currency data are in GEL m unless otherwise stated 227 263 231 256 248 650 735 125 126 125 129 133 369 387 29 34 33 42 34 82 108 381 423 389 427 415 1,101 1,231 3Q25 4Q25 1Q26 2Q26 3Q26 9M25 9M26 GFS AFS Other 35.2% 35.2% 34.6% 34.4% 32.1% 29.2% 31.3% 29.1% 29.9% 27.8% 46.6% 40.0% 43.2% 39.5% 37.8% 3Q25 4Q25 1Q26 2Q26 3Q26 Group GFS AFS 35.5% 33.6% 29.4% 28.9% 48.1% 40.0% 9M25 9M26 See the endnotes 1 1
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Investor PresentationLion Finance Group 35 Loan portfolio Deposit portfolio All currency data are in GEL m unless otherwise stated +24.6% in cc +21.1% in cc 26,150 27,289 28,262 29,164 30,380 10,891 11,819 12,551 14,042 14,846 886 958 1,069 1,223 1,275 37,927 40,066 41,882 44,429 46,501 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 GFS AFS Other 27,488 27,313 27,943 30,553 30,865 8,827 9,630 10,189 11,444 12,203 1,342 1,687 1,568 1,668 1,821 37,658 38,630 39,699 43,665 44,889 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 GFS AFS Other
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Investor PresentationLion Finance Group 36 36 Cost of credit risk ratio (Group) Loan portfolio quality (Group) NPL coverage NPL coverage adjusted for the discounted value of collateral 117.2% 58.9% 119.2% 58.4% 117.7% 64.4% 116.3% 57.8% 119.4% 61.8% NPL to gross loans 2.1% 2.1% 2.1% 2.1% 2.0% Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 0.51% 0.33% 0.34% 0.56% 0.68% 3Q25 4Q25 1Q26 2Q26 3Q26 0.42% 0.53% 9M25 9M26
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Investor PresentationLion Finance Group 37 Cost of risk, GFS RB 1.20% 3Q26 CIB 0.16% SME 0.67% NPL ratio, % Sep-26 Sep-25 Jun-26 GFS 1.9% 2.3% 2.1% RB 1.3% 1.5% 1.3% CIB 1.7% 2.3% 2.0% SME 4.0% 4.0% 4.2% Cost of risk, AFS RB 1.66% 3Q26 CIB -0.34% NPL ratio, % Sep-26 Sep-25 Jun-26 AFS 1.9% 1.4% 2.0% RB 3.8% 2.1% 3.9% CIB 0.5% 0.9% 0.6% 0.74% 0.53% 0.39%0.38% 0.65% 3Q262Q261Q264Q253Q25 1.00% 0.52% 0.63% 0.20%0.20% 0.03% 3Q262Q261Q264Q253Q25 1.00% • The year-on-year uptick in Ameriabank’s retail NPL ratio reflects a change in write-off policy introduced in 3Q25, whereby write-off timelines were refined by loan type based on actual recovery statistics, rather than a uniform 270 -day threshold applied across all loans
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Investor PresentationLion Finance Group 27.8% 30.1% 27.4% 27.1% 27.2% 3Q25 4Q25 1Q26 2Q26 3Q26 1 27.9% 27.2% 9M25 9M26 434 460 452 473 494 1,249 1,419 111 150 129 143 161 303 434 2 10 4 3 6 22 13 547 619 585 619 662 1,574 1,866 3Q25 4Q25 1Q26 2Q26 3Q26 9M25 9M26 GFS AFS Other 38 38 ROAE (Group)Profit* ROAA (Group) See the endnotes. 1 1 *AFS operating expenses in the prior year included a one -off retention bonus, which affected to the comparative base; excluding this effect, Group profit growth would have been 18.4% y-o-y in 3Q26 and 15.9% y-o-y in 9M26, while AFS profit growth would have been 30.9% and 28.0% y-o-y in 3Q26 and 9M26 respectively +21.0% +18.6% GFS:+13.7%; AFS:+43.3%GFS:+13.9%; AFS:+44.8%* 3.9% 4.2% 3.9% 3.9% 3.9% 3Q25 4Q25 1Q26 2Q26 3Q26 3.9% 3.9% 9M25 9M26
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Investor PresentationLion Finance Group 39 Total dividend per shareCapital distribution Total shares outstanding GEL millions GEL millions • The Board has approved an extension to the share buyback and cancellation programme of GEL 62.0 million, alongside an interim dividend of GEL 3.25 per share declared in respect of 3Q26 Dividend in respect of 9M26 included the GEL 3.25 per share declared for 3Q26 (c. GEL 137.8 million estimated to be distribut ed in December 2026), GEL 3.05 per share declared for 2Q26 (GEL 129.6 million paid in September 2026), and the GEL 2.85 per share declared for 1Q26 (payout amount: c. GEL 121.3 million). This resulted in a 9M26 dividend of GEL 9.15 per share, and a cumulative 9M26 dividend outflow of c. GEL 389 million GEL 2,559m (2021-2025) Cumulative capital distributed CAGR: +28.8% -12.4% 49.2 47.5 45.8 44.5 43.5 43.1 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Sep-26 184 347 360 402 459 331 389 73 188 162 181 203 149 176 257 535 522 583 662 480 565 2021 2022 2023 2024 2025 9M25 9M26 5.1 2.85 3.05 2.7 3.25 3.8 7.7 8.0 9.0 10.5 7.8 9.15 2021 2022 2023 2024 2025 9M25 9M26 * +17.6% +18.1%
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Investor PresentationLion Finance Group 36% 26% 7% 5% 3% 3% 2% 2% 2% 2%1% 10% UK USA Luxembourg Georgia Netherlands Ireland Norway Canada Cayman Islands Unvested and unawarded shares for management and employees Switzerland Other (including below threshold) 41 Top 20 shareholders* 30 September 2026 1 JSC Georgia Capital** 14.9 2 BlackRock 6.1 3 Dimensional Fund Advisors (DFA) 4.9 4 Vanguard Group 4.3 5 JPMorgan Asset Management 3.8 6 Artemis Investment Management LLP 2.8 7 PGGM 2.5 8 Executive Management's direct holdings 2.3 9 M&G Investment Management Ltd 2.2 10 Avantis Investors 1.9 11 Firebird Management LLC 1.9 12 Norges Bank Investment Management 1.6 13 Capital Research & Management Company 1.2 14 UBS 1.2 15 Schroder Investment Management Ltd 1.2 16 Allan Gray Proprietary Ltd 1.1 17 Prosperity Capital Management Ltd 1.1 18 William Blair Investment Management LLC 1.1 19 Invesco Asset Management Ltd 1.0 20 Goldman Sachs 1.0 58.2 Ownership %Shareholder Name# *** Includes the 14.9% shareholding of JSC Georgia Capital as it’s fully owned by UK listed company, Georgia Capital PLC Shareholder base by country * Shareholders are grouped based on their parent companies ** Previously, BGEO Group PLC comprised a banking business and an investment business. In 2017 BGEO Group PLC demerged into two separately listed and independently managed public companies – Bank of Georgia Group PLC (now Lion Finance Group PLC), the banking business, and Georgia Capital PLC, the investment business. The demerger was completed on 29 May 2018. In 2018 Bank of Georgia Group PLC (now Lion Finance Group PLC) issued additional 9,784,716 shares to Georgia Capital as part of the demerger. JSC Georgia Capital will exercise its voting rights at the Group’s general meetings in accordance with the votes cast by all other Group shareholders as long as JSC Georgia Capital’s percentage holding in Bank of Georgia Group PLC (now Lion Finance Group PLC) is greater than 9.9% *** 30 September 2026
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Investor PresentationLion Finance Group 42 Total net loans Client deposits and notes As at 30 September 2026 As at 30 September 2026 All currency data are in GEL m unless otherwise stated Net loans, finance lease and factoring receivables: GEL 30,380m SME CIBRetail * The Corporate Center mostly comprises deposits held for the Ministry of Finance • As at 30 September 2026, consumer loans and mortgages accounted for 51.6% and 41.2% of GFS retail net loans, finance lease and factoring receivables, respectively Customer deposits and notes: GEL 30,865m SME CIBRetail Corporate center* + Eliminations • As at 30 September 2026, current & demand deposits and time deposits accounted for 53.2% and 46.8% of the total deposit portfolio at GFS, respectively 14,009 46% 5,804 19% 10,567 35% 17,832 58% 2,684 9% 8,632 28% 1,717 5%
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Investor PresentationLion Finance Group 43 % is given for Bank of Georgia standalone gross loan portfolios *Loans disbursed in FC when a borrower’s income is in GEL FC loans with no or minimal exposure to FX risk (% of segment portfolio) FC loans exposed to FX risk* (% of segment portfolio) Retail Banking 85.3% 11.1% 3.6% Mortgages 30.1% 8.7% 2.2% Consumer loans 54.5% 3.1% 1.2% MSME 0.1% 0.0% 0.0% SME Banking 60.7% 37.7% 1.6% Corporate Banking 20.4% 32.7% 46.9% Total 58.0% 23.7% 18.3% GEL loans (% of segment portfolio)
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Investor PresentationLion Finance Group 44 Total net loans Client deposits and notes As at 30 September 2026 As at 30 September 2026 Net loans, finance lease and factoring receivables: GEL 14,846m Customer deposits and notes: GEL 12,203m CorporateRetail • As at 30 September 2026, mortgages and consumer loans accounted for 52.9% and 35.7% of AFS retail net loans, finance lease and factoring receivables, respectively • As at 30 September 2026, current & demand deposits and time deposits accounted for 58.1% and 41.9% of the total deposit portfolio at AFS, respectively As per Ameriabank's internal classification, the Retail segment includes all individuals and those legal entities serviced by the bank's branches . The Corporate segment includes all legal entities not serviced by the branches CorporateRetail All currency data are in GEL m unless otherwise stated 6,321 43% 8,525 57% 6,879 56% 5,324 44%
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Investor PresentationLion Finance Group 45 All currency data are in GEL m unless otherwise stated GFS AFS *AFS loan-to-funding ratio includes customer deposits, local bonds, and DFI funding * 89.0% 91.8% 93.5% 88.7% 91.9% 95.1% 99.9% 101.1% 95.5% 98.4% 3Q25 4Q25 1Q26 2Q26 3Q26 Loans to deposits & DFI borrowings ratio Loans to deposits ratio 100.7% 97.5% 97.9% 97.8% 97.6% 123.4% 122.7% 123.2% 122.7% 121.7% 3Q25 4Q25 1Q26 2Q26 3Q26 Loans to deposits & DFI borrowings ratio Loans to deposits ratio
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Investor PresentationLion Finance Group 2.8% 1.2% 67.4% 19.5% 3.8% 5.3% 45,055 Total assets 15.0% 1.4% 6.2% 8.9% 68.5% 45,055 Total liabilities and equity Cash & cash equivalents Amounts due from credit institutions Investment securities Loans to customers, factoring & finance lease receivables Property & equipment Other Client deposits & notes Amounts owed to credit institutions Debt securities issued Other Equity 46 All currency data are in GEL m unless otherwise stated GFS AFS As at 30 September 2026 As at 30 September 2026 Cash & cash equivalents Amounts due from credit institutions Investment securities Loans to customers, factoring & finance lease receivables Property & equipment Other Debt securities issued 2.7%0.4% 74.0% 7.8% 11.0% 4.1% 20,057 Total assets 13.5% 2.3% 6.6% 16.8% 60.8% 20,057 Total liabilities and equity Equity Client deposits & notes Amounts owed to credit institutions Other
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Investor PresentationLion Finance Group 47 30 Jun 2026 3Q26 profit Business growth Currency impact Dividend payment Tier 1 – Tier 2 Regulatory deductions and other 30 Sep 2026 Minimum requirement (30 Sep 2026) Buffer above min requirement Potential impact of a 10% GEL Devaluation CET1 capital adequacy ratio 18.2% 1.4% -0.5% 0.1% -1.1% 0.0% 0.0% 18.1% 15.5% 2.6% -0.7% Tier1 capital adequacy ratio 21.0% 1.4% -0.7% 0.1% -1.1% 0.0% 0.0% 20.7% 17.6% 3.1% -0.6% Total capital adequacy ratio 22.7% 1.4% -0.7% 0.1% -1.1% 0.1% 0.0% 22.5% 20.5% 2.0% -0.5% 30 June 2026 3Q26 profit Business growth Currency impact Dividend payment Tier1 – Tier2 Regulatory deductions and other 30 Sep 2026 Minimum requirement (30 Sep 2026) Buffer above min requirement Potential impact of a 10% AMD Devaluation CET1 capital adequacy ratio 14.0% 0.9% -1.0% 0.1% 0.0% 0.0% 0.0% 14.0% 12.0% 2.0% -0.6% Tier1 capital adequacy ratio 15.6% 0.9% -1.1% 0.1% 0.0% 0.0% 0.0% 15.5% 14.1% 1.4% -0.5% Total capital adequacy ratio 18.6% 0.9% -1.2% 0.0% 0.0% 0.0% 0.0% 18.3% 16.8% 1.5% -0.4%
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Investor PresentationLion Finance Group 48 Monthly active customers (individuals) Monthly active customers (businesses) Figures given for JSC Bank of Georgia standalone thousands thousands +10.5% y-o-y +13.9% y-o-y +20.1% y-o-y +11.0% y-o-y +13.6% y-o-y 2,130 2,199 2,233 2,275 2,354 1,744 1,833 1,868 1,922 1,987 897 993 985 1,049 1,077 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Monthly active customers (MAC) Digital MAU Digital DAU 125 133 130 136 139 104 111 108 115 118 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Monthly active customers (MAC) Digital MAU
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Investor PresentationLion Finance Group 79% 87% 21% 13% Deposits Loans Digital Human-assisted/branch 49 Share of products sold digitally (Retail) Digital sales count: loans and deposits in 3Q26 (Retail) Figures given for JSC Bank of Georgia standalone Gamification campaign effect * | +1.25pp y-o-y | +6.4pp y-o-y 47% 70% 57% 57%58%62% 67% 69%70% 71% 71% 73% 77% 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 *Loan digital sales includes BNPL
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Investor PresentationLion Finance Group 50 Monthly active customers (individuals) Digital engagement of active customers (individuals)thousands Figures given for CJSC Ameriabank standalone +25.4% y-o-y +36.8% y-o-y +42.5% y-o-y 435 479 496 521 546 305 336 362 392 417 128 147 160 174 182 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Monthly active customers (MAC) Digital MAU Digital DAU 70% 70% 73% 75% 76% 42% 44% 44% 44% 44% Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Digital uptake (Digital MAU/MAC) Digital engagement (Digital DAU/Digital MAU)
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Investor PresentationLion Finance Group 51 Our strategic pillars Financial inclusion Sustainable finance Employee empowerment Governance & integrity Objectives To manage financial risks stemming from climate change and other E&S risks, while fostering transparency and long-termism in financial and economic activity to achieve sustainable and inclusive growth To use the power of technology and product innovation to drive digital financial inclusion To be the employer of choice for top talent, providing equal opportunities for development and ensuring the best employee experience based on our values and business principles To do business in line with the highest standards of corporate governance, highest ethical principles and assure accountability, transparency, fairness and responsibility in every decision we make To read about our ESG KPIs and performance, please visit our Sustainability Report 2025 Largest green loan portfolio among Georgian banks. One of the first banks globally to adopt IFRS S2 reporting. First Georgian bank to offer services for visually impaired customers.ESG Highlights Award-winning leader in ESG and sustainable finance.
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Investor PresentationLion Finance Group 52 *The use by Lion Finance Group PLC of any MSCI Solutions LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, trad emarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Lion Finance Group PLC by MSCI. MSCI services and data are the property of MSCI or its information providers and are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI **For more information on the ISS ESG Corporate Rating, please visit https://www.issgovernance.com/sustainability/ratings/ MSCI* ISS** FTSE4GOOD Index Lion Finance Group PLC falls into the highest scoring range relative to global peers CCC B BB BBB A AA AAA LAGGARD AVERAGE LEADER Included in the global responsible investment index FTSE4GOOD since 2017
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Investor PresentationLion Finance Group 53 Andrew McIntyre, Independent Non-Executive Director Experience: Non-executive Director at Citibank Europe Plc. Former Partner at Ernst & Young (1988–2016). Previously held board positions at Lloyds Bank Corporate Markets Plc, C. Hoare & Co, National Bank of Greece S.A., Ecclesiastical Insurance Group plc and the Centre for Economic Policy Research. Tamaz Georgadze, Independent Non-Executive Director Experience: Founder and CEO of Raisin; formerly Partner at McKinsey & Company in Berlin and aide to the President of Georgia. Mel Carvill, Non-Executive Chairman Experience: Former Chief Risk Officer, Head of Corporate Finance and M&A, and Head of Strategic Planning at the Generali Group, and former President of PPF Partners. Has also served on company boards across European, American and Asian markets. Cecil Quillen, Independent Non-Executive Director Experience: Partner at Linklaters LLP and a leading US capital markets practitioner in the London market, with extensive experience advising on securities and finance matters, particularly involving financial institutions and emerging markets. Véronique McCarroll, Senior Independent Non-Executive Director Experience: Non-executive Director at Moonstone Lending Fund. Formerly Deputy CEO of Orange Bank, Bank Executive at CACIB, heading Strategy and Digital Transformation, and Partner at McKinsey & Company, Oliver Wyman and Andersen/Ernst & Young. Mariam Megvinetukhutsesi, Independent Non-Executive Director Experience: 20 years of experience in financial services, including banking roles at the EBRD; formerly Head of Georgia’s Investors Council Secretariat and Deputy CEO at TBC Bank. Archil Gachechiladze, Chief Executive Officer (Group) Experience: With the Group since 2009 in various senior roles, including CFO of BGEO Group and CEO of Georgian Global Utilities (formerly part of BGEO Group PLC). Previously held senior positions at EBRD, KPMG and Lehman Brothers. Maria Gordon, Independent Non-Executive Director Experience: Non-executive Chair of Capricorn Energy PLC, Non-executive Chair of Constellation Oil Services and Non-executive Director of NewFortress Energy Inc. Held senior investment roles at Goldman Sachs and PIMCO, including as Head of Emerging Markets Equity Strategy. Karine Hirn, Independent Non-Executive Director Experience: Over 30 years’ experience in financial services and emerging markets, with a focus on asset management and responsible investment. Co-founder of East Capital Group, and Chairperson of East Capital Asia. 53 Armen Orujyan, Independent Non-Executive Director Experience: Extensive experience in deep-tech innovation, venture scaling and global digital policy. Founder and CEO of Curio Ventures and former founding CEO of the Foundation for Armenian Science and Technology.
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Investor PresentationLion Finance Group Management at Bank of Georgia 54 Management at Ameriabank Archil Gachechiladze CEO Giorgi Shagidze Deputy CEO, CFO David Chkonia Deputy CEO, CRO Levan Kobakhidze Head of Payments Business Direction Zurab Kokosadze Deputy CEO, CIB Ana Kostava Deputy CEO, Chief Legal Officer David Davitashvili Deputy CEO, Data & IT Levan Gomshiashvili Deputy CEO, Chief Marketing, Digital & CX Officer Tornike Kuprashvili Head of SME Banking Giorgi Gureshidze Head of Mass Retail Elene Okromchedlishvili Head of Human Capital Management Artak Hanesyan CEO Hovhannes Toroyan CFO Armine Ghazaryan Chief People & Services Officer Gagik Sahakyan CIB Director Andranik Barseghyan Risk Management Director Arman Barseghyan Retail Banking Director Andrew Mkrtchyan Chairman Sam Goodacre Advisor to the CEO (Lion Finance Group) Nutsiko Gogilashvili Head of International Business (Lion Finance Group) Nino Khorguani Chief Operating Officer (COO) Valerian Gabunia Head of Premium Banking
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Investor PresentationLion Finance Group 55 GEL thousands 3Q26 3Q25 Change 2Q26 Change 9M26 9M25 Change y-o-yy-o-y q-o-q INCOME STATEMENT HIGHLIGHTS Net interest income 941,741 788,682 19.4% 886,203 6.3% 2,650,558 2,210,522 19.9% Net fee and commission income 203,534 145,473 39.9% 199,871 1.8% 586,047 447,606 30.9% Net foreign currency gain 168,377 152,186 10.6% 166,253 1.3% 464,754 450,377 3.2% Regulatory-related expenses (21,810) (17,148) 27.2% (19,219) 13.5% (59,400) (48,748) 21.9% Other expenses (2,451) (1,824) 34.4% (2,334) 5.0% (6,859) (4,968) 38.1% Net other income 5,174 15,137 -65.8% 10,794 -52.1% 25,946 44,499 -41.7% Operating income 1,294,565 1,082,506 19.6% 1,241,568 4.3% 3,661,046 3,099,288 18.1% Operating expenses (414,916) (380,558) 9.0% (426,654) -2.8% (1,231,006) (1,101,243) 11.8% Profit from associates 947 469 101.9% 604 56.8% 1,937 1,205 60.7% Operating income before cost of risk 880,596 702,417 25.4% 815,518 8.0% 2,431,977 1,999,250 21.6% Cost of risk (89,684) (55,378) 61.9% (64,460) 39.1% (192,984) (133,087) 45.0% Profit before income tax expense and one-off items 790,912 647,039 22.2% 751,058 5.3% 2,238,993 1,866,163 20.0% Income tax expense (129,006) (99,843) 29.2% (132,253) -2.5% (373,294) (292,656) 27.6% Profit 661,906 547,196 21.0% 618,805 7.0% 1,865,699 1,573,507 18.6% Basic earnings per share 15.57 12.75 22.1% 14.52 7.2% 43.81 36.45 20.2% Diluted earnings per share 15.42 12.58 22.6% 14.39 7.2% 43.38 35.99 20.5%
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Investor PresentationLion Finance Group 56 GEL thousands Sep-26 Sep-25 Change Jun-26 Change y-o-y q-o-q BALANCE SHEET HIGHLIGHTS Liquid assets 18,478,023 17,882,228 3.3% 18,881,978 -2.1% Cash and cash equivalents 4,040,956 5,049,905 -20.0% 5,046,754 -19.9% Amounts due from credit institutions 3,969,210 3,125,753 27.0% 3,777,016 5.1% Investment securities 10,467,857 9,706,570 7.8% 10,058,208 4.1% Loans to customers, finance lease and factoring receivables 46,501,177 37,927,219 22.6% 44,429,043 4.7% Property and equipment 621,341 603,448 3.0% 622,402 -0.2% All remaining assets 1,901,935 1,718,290 10.7% 1,887,116 0.8% Total assets 67,502,476 58,131,185 16.1% 65,820,539 2.6% Client deposits and notes 44,889,476 37,657,572 19.2% 43,664,753 2.8% Amounts owed to credit institutions 7,402,885 8,637,788 -14.3% 7,372,045 0.4% Borrowings from DFIs 3,896,635 2,795,403 39.4% 3,806,066 2.4% Short-term loans from the National Bank of Georgia - 2,146,297 -100.0% 51,302 -100.0% Short-term loans from the Central Bank of Armenia 113,706 143,168 -20.6% 117,552 -3.3% Loans and deposits from commercial banks 3,392,544 3,552,920 -4.5% 3,397,125 -0.1% Debt securities issued 4,169,281 2,539,696 64.2% 4,176,271 -0.2% All remaining liabilities 1,128,247 1,398,612 -19.3% 1,215,542 -7.2% Total liabilities 57,589,889 50,233,668 14.6% 56,428,611 2.1% Total equity 9,912,587 7,897,517 25.5% 9,391,928 5.5% Book value per share 233.36 184.46 26.5% 220.69 5.7%
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Investor PresentationLion Finance Group 57 KEY RATIOS 3Q26 3Q25 2Q26 9M26 9M25 ROAA 3.9% 3.9% 3.9% 3.9% 3.9% ROAE 27.2% 27.8% 27.1% 27.2% 27.9% Net interest margin 6.5% 6.3% 6.3% 6.4% 6.1% Loan yield 12.2% 12.4% 12.3% 12.3% 12.3% Liquid assets yield 5.1% 5.2% 5.1% 5.1% 5.0% Cost of funds 5.0% 5.0% 5.1% 5.1% 5.0% Cost of client deposits and notes 4.4% 4.3% 4.4% 4.5% 4.2% Cost of amounts owed to credit Institutions 6.6% 7.1% 6.9% 6.7% 7.4% Cost of debt securities issued 7.9% 7.3% 8.2% 8.1% 7.4% Cost:income ratio 32.1% 35.2% 34.4% 33.6% 35.5% NPLs to gross loans 2.0% 2.1% 2.1% 2.0% 2.1% NPL coverage ratio 61.8% 64.4% 58.4% 61.8% 64.4% NPL coverage ratio adjusted for the discounted value of collateral 119.4% 117.7% 119.2% 119.4% 117.7% Cost of credit risk ratio 0.7% 0.5% 0.6% 0.5% 0.4% * *Throughout this presentation, gross loans to customers and the related allowance for impairment are presented net of expecte d credit loss (ECL) on contractually accrued interest income. These do not have an effect on the net loans to customers’ balance. Management believes that netted-off balances provide the best representation of the loan portfolio position
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Investor PresentationLion Finance Group 58 1. One-off items: FY25: A one-off item totalling GEL 29.6m was recorded, relating to the Group's revised accounting treatment of annual discretionary share -based awards (Employee Stock Ownership Plan, or ESOP), accelerating expense recognition to reflect services rendered prior to the official grant dat e and resulting in a one-off ESOP catch-up recognised in 4Q25. As a result, a one-off expense of GEL 29.1m was recognised in the GFS segment and GEL 0.5m in the Other businesses division, allocated proportionately based on the respective service contributions. Salaries and other employee benefits, operating expenses and a ll subsequent lines, as well as ROAA, ROAE and Cost:income ratio were adjusted for this one-off in 4Q25 and for the FY25 period FY24: One-off items totalling GEL 672.2m were recorded in AFS, comprising GEL 668.8m in 1Q24, GEL 0.7m in 2Q24, and GEL 2.7m in 4Q24 , covering Ameriabank’s bargain purchase gain and acquisition-related costs. Operating income before cost of risk, as well as ROAA and ROAE, were adjusted for these one -offs in 1Q24, 2Q24 and 4Q24 and accordingly for the FY24 period FY23: One-off item of GEL 22.6m was recorded, reflecting other income related to the fair value revaluation of the receivable from a l egacy claim settlement. Net other income and subsequent lines, as well as ROAE, was adjusted for this item FY22: One-off items totalling GEL 470.4m were recorded. These comprised GEL 391.1m other income from the settlement of the same legacy claim, which adjuste d net other income and subsequent lines, and GEL 79.3m income tax expense, which adjusted the income tax expense line, related to c hanges in the corporate taxation model for Georgian financial institutions. Profit as well as ROAE was adjusted for these items 2. Dec-24 year-on-year loan growth in constant currency (CC) is calculated using exchange rates as at 31 December 2023 for all seg ments except AFS. Given AFS was consolidated at the end of March 2024 following the acquisition of Ameriabank CJSC, its CC loan growth was measured from end-of-March to end-of-December. For GFS and other businesses, the standard December-to-December approach applies 3. The total payout ratio is a dividend and buyback payout ratio. To obtain the buyback payout portion, total buyback amount is divided by outstanding shares before the beginning of the respective programme 4. In 2Q26, the Group revised the presentation of certain line items in its consolidated income statement. Deposit insurance fee s were reclassified from net interest income to regulatory-related expenses, certain repair and maintenance costs from net fee and commission income to administrative expenses, resolution fund contributions from other operating expenses to regulatory-related expenses, and core banking expenses from other administrative expenses to other expenses. The revised presentation has been applied since the Group's 2Q26 and 1H26 results. Details, including the related changes to the Consolidated Statement of Financial Position and Consolidated Statement of Cash Flows, are provided in Note 3 of the interim condensed consolidated financial sta tements published with the 2Q26 and 1H26 results. Comparative amounts in this release have been reclassified accordingly. Management believes the revised present ation provides more reliable and relevant information
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Investor PresentationLion Finance Group 59 ▪ Alternative performance measures (APMs) In this announcement the management uses various APMs, which we believe provide additional useful information for understandi ng the financial performance of the Group. These APMs are not defined by International Financial Reporting Standards, and also may not be directly comparable with other companies who use similar measures. We believe that these APMs provide the best representation of our financial performance as these measures are used by the management to evaluate the Group’s operating performance and make day -to-day operating decisions. ▪ Active merchant A merchant that has executed at least one transaction within the past month. ▪ Active POS terminal At least one transaction executed within the past month. ▪ Digital monthly active user (Digital MAU) Number of retail customers who logged into our mobile or internet banking channels at least once within a given month; when r eferring to business customers, Digital MAU means number of business customers who logged into our business mobile or internet banking channels at least once within a given month. ▪ Digital daily active user (Digital DAU) Average daily number of retail customers who logged into our mobile or internet banking channels within a given month. ▪ MAC (Monthly active customer - retail or business) Number of customers who satisfied pre-defined activity criteria within the past month. ▪ Net Promoter Score (NPS) NPS asks: on a scale of 0-10, how likely is it that you would recommend an entity to a friend or a colleague? The responses: 9 a nd 10 – are promoters; 7 and 8 – are neutral; 1 to 6 – are detractors. The final score equals the percentage of the promoters minus the percentage of the detractors. ▪ Basic earnings per share Profit for the period attributable to shareholders of the Group divided by the weighted average number of outstanding ordinar y shares over the same period. ▪ Book value per share Total equity attributable to shareholders of the Group divided by ordinary shares outstanding at period -end; Ordinary shares outstanding at period-end equals number of ordinary shares at period-end less number of treasury shares at period-end. ▪ CBA Central Bank of Armenia. ▪ CBA Common Equity Tier 1 (CET1) capital adequacy ratio Common Equity Tier 1 capital divided by total risk weighted assets, both calculated in accordance with the requirements of th e CBA. Calculations are made for Ameriabank standalone. ▪ CBA Liquidity coverage ratio (LCR) High-quality liquid assets divided by net cash outflows over the next 30 days (as defined by the CBA). Calculations are made for Ameriabank standalone. ▪ CBA Net stable funding ratio (NSFR) Available amount of stable funding divided by the required amount of stable funding (as defined by the CBA). Calculations are made for Ameriabank standalone. ▪ CBA Tier 1 capital adequacy ratio Tier 1 capital divided by total risk weighted assets, both calculated in accordance with the requirements of the CBA. Calcula tions are made for Ameriabank standalone. ▪ CBA Total capital adequacy ratio Total regulatory capital divided by total risk weighted assets, both calculated in accordance with the requirements of the CB A. Calculations are made for Ameriabank standalone. ▪ Cost of credit risk ratio Expected loss on loans to customers, factoring and finance lease receivables for the period divided by monthly average gross loans to customers, finance lease and factoring over the same period (annualised where applicable). ▪ Cost of deposits Interest expense on client deposits and notes for the period divided by monthly average client deposits and notes over the sa me period (annualised where applicable). ▪ Cost of funds Interest expense for the period divided by monthly average interest-bearing liabilities over the same period (annualised where applicable). ▪ Cost to income ratio Operating expenses divided by operating income. ▪ FC Foreign currency. ▪ Interest-bearing liabilities Includes amounts owed to credit institutions, client deposits and notes, and debt securities issued. ▪ Interest-earning assets (excluding cash) Amounts due from credit institutions, investment securities (but excluding corporate shares) and loans to customers, factorin g and finance lease receivables. ▪ Leverage (times) Total liabilities divided by total equity. ▪ Liquid assets Includes cash and cash equivalents, amounts due from credit institutions, and investment securities. ▪ Loan yield Interest income from loans to customers and finance lease receivables for the period divided by the monthly average gross bal ance of these assets over the same period (annualised where applicable). ▪ NBG (Basel III) Common Equity Tier 1 (CET1) capital adequacy ratio Tier 1 capital divided by total risk weighted assets, both calculated in accordance with the requireme nts of the NBG. Calculations are made for Bank of Georgia standalone, based on IFRS. ▪ NBG (Basel III) Tier 1 capital adequacy ratio Tier 1 capital divided by total risk -weighted assets, both calculated in accordance with the NBG requirements. Calculated for Ba nk of Georgia standalone, based on IFRS. ▪ NBG (Basel III) Total capital adequacy ratio Total regulatory capital divided by total risk weighted assets, both calculated in accordance with the requirements of the NB G. Calculations are made for Bank of Georgia standalone, based on IFRS. ▪ NBG Liquidity coverage ratio (LCR) High-quality liquid assets divided by net cash outflows over the next 30 days (as defined by the NBG). Calculations are made for Bank of Georgia standalone, based on IFRS. ▪ NBG Net stable funding ratio (NSFR) Available amount of stable funding divided by the required amount of stable funding (as defined by the NBG). Calculations are made for Bank of Georgia standalone, based on IFRS. ▪ Net interest margin (NIM) Net interest income for the period divided by monthly average interest earning assets excluding cash and cash equivalents and corporate shares over the same period (annualised where applicable). ▪ NMF Not meaningful. Used when percentage changes are distorted by zero or missing comparatives, or when the resulting change is above 200 percent . ▪ Non-performing loans (NPLs) The principal and/or interest payments on loans overdue for more than 90 days; or the exposures experiencing substantial dete rioration of their creditworthiness and the debtors assessed as unlikely to pay their credit obligation(s) in full without realisation of collateral. ▪ NPL coverage ratio adjusted for discounted value of collateral Allowance for expected credit loss on loans to customers, finance lease and factoring receivables, plus the discounted value of collateral for the NPL portfolio (capped at the respective loan amount), divided by total NPLs. ▪ NPL coverage ratio Allowance for expected credit loss for loans to customers, finance lease and factoring receivables divided by NPLs. ▪ One-off items Significant items that do not arise during the ordinary course of business. ▪ Operating leverage The percentage change in operating income less the percentage change in operating expenses. ▪ Return on average total assets (ROAA) Profit for the period divided by monthly average total assets for the same period ( annualised where applicable). ▪ Return on average total equity (ROAE) Profit for the period attributable to shareholders of the Group divided by monthly average equity attributable to shareholder s of the Group for the same period (annualised where applicable). Constant currency basis To eliminate the impact of foreign exchange fluctuations, constant currency growth for loans and deposits was calculated usin g the exchange rates as at 30 June 2026 for quarter-over-quarter growth and as at 30 September 2025 for year-over-year growth. These calculations were performed separately for the GFS and AFS segments.
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Investor PresentationLion Finance Group 60 This announcement contains forward-looking statements, including, but not limited to, statements concerning expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, competitive strengths and weaknesses, plans or goals relating to financial position and future operations and development. Although Lion Finance Group PLC believes that the expectations and opinions reflected in such forward- looking statements are reasonable, no assurance can be given that such expectations and opinions will prove to have been correct. By their nature, these forward-looking statements are subject to a number of known and unknown risks, uncertainties and contingencies, and actual results and events could differ materially from those currently being anticipated as reflected in such statements. Important factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements, certain of which are beyond our control, include, among other things: macro risk, including domestic instability; geopolitical risk; credit risk; liquidity and funding risk; capital risk; market risk; regulatory and legal risk; conduct risk; financial crime risk; information security and data protection risks; operational risk; human capital risk; model risk; strategic risk; reputational risk; climate-related risk; and other key factors that could adversely affect our business and financial performance, as indicated elsewhere in this document and in past and future filings and reports of the Group, including the 'Principal risks and uncertainties' included in Lion Finance Group PLC's Annual Report and Accounts 2025 and in Lion Finance Group PLC’s 2Q26 and 1H26 Results Release document. No part of this document constitutes, or shall be taken to constitute, an invitation or inducement to invest in Lion Finance Group PLC or any other entity within the Group, and must not be relied upon in any way in connection with any investment decision. Lion Finance Group PLC and other entities within the Group undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required. Nothing in this document should be construed as a profit forecast
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Investor PresentationLion Finance Group 61 Social media 61 Lion Finance Group PLC 29 Farm Street, London London W1J 5RL United Kingdom Registered under number 10917019 in England and Wales Our ticker is “BGEO” Company information Lion Finance Group PLC Investor Relations Telephone: +44 203 178 4034 E-mail: ir@lfg.uk Website: lionfinancegroup.uk Get in touch Contact information LinkedIn: Lion Finance Group PLC Follow us for latest updates, performance insights, and strategic milestones