Interim report
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Contents 3Q26 and 9M26 consolidated unaudited results Earnings call on 4 November 2026, 14:00 GMT Segmentation guide Customer growth across core markets drives continued earnings momentum CEO statement Macroeconomic developments: Georgia Macroeconomic developments: Armenia 3Q26 and 9M26 unaudited consolidated results Business Division results Georgian Financial Services (GFS) Armenian Financial Services (AFS) Other Businesses Unaudited consolidated financial information Non-financial information Additional information Glossary Lion Finance Group PLC profile Further information Forward-looking statements 3Q26 and 9M26 consolidated unaudited results Lion Finance Group PLC announces its unaudited consolidated financial results for the third quarter and the first ninemonths of 2026 (3Q26 and 9M26). Unless otherwise noted, 3Q26 results are compared year-on-year with 3Q25 and quarter-on-quarter with 2Q26; 9M26 results are compared year-on-year with 9M25. The results are prepared in accordance with UK-adopted international accounting standards, are unaudited and derived frommanagement accounts. Earnings call on 4 November 2026, 14:00 GMT https://zoom.us/webinar/register/WN_UvBGYteiS-qGW7sw70DrDw Webinar ID: 921 8351 2128 | Passcode: 331608 Segmentation guide The Group’s results are presented by the following Business Divisions: 1) Georgian Financial Services (GFS), 2) ArmenianFinancial Services (AFS), and 3) Other Businesses. • GFS mainly comprises JSC Bank of Georgia and the investment bank JSC Galt and Taggart. • AFS includes Ameriabank CJSC. • Other Businesses includes JSC Belarusky Narodny Bank (BNB), which serves retail and SMEclients in Belarus; JSC Digital Area, a digital ecosystem in Georgia including e-commerce,ticketing, and inventory management SaaS; Lion Finance Group PLC, the holding company;and other small entities and intragroup eliminations. Customer growth across core markets drives continued earningsmomentum • Consolidated 3Q26 profit of GEL 661.9 million (+21.0% y-o-y) and 9M26 profit of GEL1,865.7m (+18.6% y-o-y), with return on average equity at 27.2% in both periods. • 3Q26 dividend of GEL 3.25 per share, up 22.6% y-o-y, with a further GEL 62m sharebuyback and cancellation programme. Archil Gachechiladze, CEO of Lion Finance Group, said: “Our third quarter results reflect a business with real momentumacross both franchises. In Georgia, around half the population use our app every month — with over 1 million opening itevery single day. Having reached significant scale, we are increasingly focused on the depth of that engagement, and on thequality of the experience that drives it. In Armenia, Ameriabank continues to grow well ahead of both the market and ourown targets, with the loan book up 38.1% year-on-year in constant currency, and Retail Digital MAU growing 36.8% year-on-year, as we scale the franchise and gain market share in one of the region's most dynamic economies.”
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Group performance highlights • A growing active customer base and larger balance sheet supported a 25.4% y-o-y increase inoperating income before cost of risk to GEL 880.6m in 3Q26, with profit up 21.0% y-o-y to GEL661.9m and an ROAE of 27.2%. • Bank of Georgia's Retail Digital MAU grew 13.9% y-o-y to 1,987.2 thousand individuals, whileRetail Digital DAU reached 1,076.8 thousand individuals, up 20.1% y-o-y, reflecting continueddeepening of customer engagement across our Georgian franchise. • Ameriabank's Retail Digital MAU grew 36.8% y-o-y to 417.4 thousand individuals, while RetailDigital DAU grew 42.5% y-o-y to 181.7 thousand individuals, underscoring the acceleratingmomentum of our Armenian retail franchise. • The Group’s loan book reached GEL 46,501.2m as at 30 September 2026, up 24.6% y-o-y inconstant currency (cc). The growth was fuelled by loan book expansion across both the Georgian(GFS) and Armenian (AFS) operations, which recorded year-on-year cc increases of 18.6% and38.1%, respectively. • Client deposits and notes totalled GEL 44,889.5m as at 30 September 2026, reflecting a 21.1% y-o-y increase in cc. GFS deposits rose by 14.5% y-o-y, driven by continued strong growth acrossthe board. AFS deposits grew by 39.5% y-o-y, with solid growth across both retail and corporatesegments. • The Group maintained sound asset quality, with the cost of credit risk ratio at 0.7% in 3Q26(0.5% in 3Q25 and 0.6% in 2Q26) and 0.5% in 9M26 (0.4% in 9M25). The NPL ratio stood at2.0% in 3Q26 (2.1% in 3Q25 and 2Q26), with 1.9% at GFS and 1.9% at AFS. • At GFS, the cost of credit risk ratio stood at 0.7% in 3Q26 (0.6% in 3Q25 and 0.5% in 2Q26),with the y-o-y change primarily driven by the normalisation of retail ECL charges, whileunderlying portfolio performance remained stable and resilient, as reflected in a continuedimprovement in the NPL ratio (see page 9). At AFS, the cost of credit risk ratio was 0.5% in3Q26 (0.0% in 3Q25 and 0.6% in 2Q26), with the y-o-y change mainly driven by retailsegment, where cost of risk exceeded its normalised level of 1.2-1.4% during the current phaseof growth, which we expect will revert to its normalised level (see page 12). • Net operating income was up 19.6% y-o-y to GEL 1,294.6m in 3Q26 and up 18.1% y-o-y toGEL 3,661.0m in 9M26. The annual top-line growth was primarily driven by net interest incomegenerated by both GFS and AFS, complemented by net fee and commission income generationacross both operations. • Group NIM stood at 6.5% in 3Q26, up 20 bps both y-o-y and q-o-q. From July 2026, mandatoryreserves are excluded from interest-earning assets across the Group. This follows the NationalBank of Georgia's (NBG) decision to make foreign currency mandatory reserves non-interest-bearing. As this is consistent with the practice of the central banks in our other markets, we haveapplied the same treatment to AFS and the Other segment, alongside GFS. At GFS, this resulted ina 20-bps uplift in NIM to 6.6%; excluding this effect, the underlying NIM was flat q-o-q. At AFS,NIM rose 40 bps q-o-q to 6.4%, of which 30 bps reflects the same adjustment, with underlyingNIM up 10 bps q-o-q. • The Group's operating expenses increased 9.0% y-o-y to GEL 414.9m in 3Q26 and 11.8% y-o-yto GEL 1,231.0m in 9M26, with positive operating leverage maintained across the Group andboth core segments. In Georgia, the cost-to-income ratio remained well-controlled at 27.8% in3Q26. In Armenia, operating leverage was positive and reached 13.5%, adjusting for the elevatedprior-year cost base associated with a management retention programme. • Capital adequacy and liquidity positions for both Bank of Georgia and Ameriabank remainedcomfortably above the minimum regulatory requirements (for details, see pages 10 and 13). CEO statement The Group delivered another strong set of results in the third quarter and first nine months of 2026. Profit reached GEL661.9m in 3Q26, up 21.0% year-on-year, and GEL 1,865.7m for the nine-month period, an increase of 18.6% year-on-year.Our book value per share reached GEL 233.36, up 26.5% year-on-year, or up 31.5% in US dollar terms, and this is beforeaccounting for the dividends distributed to shareholders over the period, making it a meaningful measure of the value ourfranchises continue to create. In Georgia, our franchise continues to deepen. Nearly 2 million retail customers use our app every month and over 1 millionevery day, 77% of retail products are sold digitally, and our externally measured NPS hit a new record of 78. Our loan bookgrew 18.6% year-on-year in constant currency, ahead of the market at 16.9%, while net interest margin remained broadlystable quarter-on-quarter on an underlying basis. At the same time, we delivered positive operating leverage, with a cost-to-income ratio of 27.8% in 3Q26, while asset quality remained sound, as reflected in a record-low NPL ratio of 1.9%. Bank of Georgia was recently named the World’s Best AI Bank by Global Finance, recognition that reflects years ofbuilding our data, management capability, technology and talent in-house. Yet we feel we are only scratching the surface.BOG App’s AI assistant already resolves over 80% of customer queries independently, with a 91% satisfaction score, andwe are exploring where it can go next, including a fully voice-led experience. Across the bank, we are addressing areas that
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span efficiency and customer experience: rethinking processes entirely, such as transaction processing and AML, alongsidesimple everyday improvements, like turning a photo of an uploaded invoice into a ready-to-pay transfer. In Armenia, the mass retail rollout continues to broaden our reach. Retail Digital Monthly Active Users grew 36.8% year-on-year to over 417 thousand individuals, with Daily Active Users up 42.5% year-on-year, driven by continuedenhancements to the MyAmeria platform and deeper engagement across a growing customer base. Loans grew 38.1% year-on-year in constant currency, ahead of market at an estimated 25.4%, and deposits grew 39.5% year-on-year in constantcurrency. Ameriabank further strengthened its position as Armenia's largest lender, with its loan market share rising to23.0% as at 30 September 2026 (up 1.8 percentage points year-on-year), while net interest margin improved slightly quarter-on-quarter on an underlying basis. Ameriabank delivered strong positive operating leverage in 3Q26. As the franchisecontinues to scale, we see further room to improve efficiency, and the trajectory gives us confidence. Together, our two franchises grew the Group loan book 24.6% year-on-year in constant currency, well ahead of our c.15%blended target. We delivered this growth alongside a stable net interest margin on an underlying basis, a healthy cost ofcredit risk and strong cost control, demonstrating that our expansion is disciplined as well as ambitious. Georgia and Armenia continue to sustain strong economic momentum, underpinned by prudent macroeconomicmanagement, and we maintain our full-year 2026 real GDP growth forecasts at 7.5% for Georgia and 5.5% for Armenia. In2026, both S&P and Fitch revised their sovereign outlooks to Positive from Stable for Georgia (S&P in August, Fitch inOctober) and for Armenia (Fitch in January, S&P in February). Georgia continues to benefit from strong external inflows,while Armenia has shown notable resilience and adaptability amid geopolitical headwinds in the broader region. Elevatedinflation, driven primarily by higher energy prices, remains a factor in both countries. We expect interest rates to remainelevated, with slight upside risk. Over the medium term, large-scale transformational investment projects are enhancing bothcountries' strategic importance in regional trade and connectivity, and our established, market-leading franchises position uswell to capture the opportunities ahead. I want to thank our employees across our countries of operation for their continued dedication to the success of ourcustomers and, by extension, the success of the entire Group. Archil Gachechiladze CEO, Lion Finance Group PLC 3 November 2026 Our key targets for the medium term remain: • c.15% annual growth of the Group’s loan book. • 20%+ return on average equity. • 30-50% payout ratio (dividends and share buyback and cancellation programme). Macroeconomic developments: Georgia Sustained growth momentum Georgia’s economy maintained strong growth momentum in the first nine months of 2026, with real GDP expanding by7.4% y-o-y, according to preliminary data, driven primarily by services. With growth broadly in line with our expectations,we maintain our full-year real GDP growth forecast of 7.5%. Our positive outlook is supported by resilient householdconsumption and sustained external inflows, and is further reinforced by the IMF’s upward revision of its 2026 growthforecast for Georgia from 6.5% to 7.2% in October. While elevated global energy prices have contributed to higher domestic inflation, economic activity has remained resilient,supported by diversified external inflows and prudent macroeconomic policies. Meanwhile, the Middle Corridor’s growingstrategic importance offers additional growth opportunities for Georgia. Resilient external flows In 3Q26, external inflows remained resilient. Merchandise exports rose by 18.8% y-o-y, driven by higher global commodityprices, while imports increased more moderately by 10.6%. International tourism revenues also returned to growth,increasing by 11.9% y-o-y following a modest contraction in the previous quarter amid air travel disruptions in the MiddleEast. Meanwhile, inbound money transfers declined by 4.6% y-o-y as an EU-sanctioned Russian remittance operatorsuspended operations in several countries, including Georgia. Notably, transfers from other major source countries,including the US, EU and Israel, continued to grow. Appreciating GEL and record-high international reserves In the first nine months of 2026, the Georgian Lari (GEL) appreciated by 3.3% against the US dollar. During the sameperiod, it gained 6.9% against the Euro and 5.4% against the Pound Sterling. The appreciation was underpinned by strongexternal inflows, continued deposit de-dollarisation, and rising non-resident holdings of Georgian government securities,with their share reaching 12.9% at end-September, up from 3.0% at end-2025. The National Bank of Georgia (NBG) continued its foreign currency purchases in 3Q26, lifting gross international reservesto a record high of USD 8.2 billion at the end of September 2026 (up 50.5% y-o-y). We expect the GEL to remain broadlystable in the medium term, supported by sound macroeconomic fundamentals and prudent policies.
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Elevated inflation and moderately tight monetary policy Headline inflation remained elevated at 5.6% in September 2026, primarily driven by higher fuel prices, while core inflationwas more moderate at 3.5%, closer to the NBG’s 3% target. Headline inflation eased slightly from 5.8% in June, and weexpect it to average 5.3% in 2026 before gradually returning to the target in 2027. The NBG has kept the refinancing rateunchanged at 8.25% since its 25-bp hike in May. We expect monetary policy to remain moderately tight through theremainder of 2026. Strong fiscal discipline Georgia’s fiscal position remained sound, supported by sustained economic activity. The fiscal deficit is expected to remainat 1.4% of GDP in 2026, broadly unchanged from 2025 and 0.6 pp below the budgeted level, reflecting stronger-than-expected economic growth and lower-than-planned capital expenditure. For 2027, the deficit is budgeted at 2.5% of GDP,consistent with maintaining fiscal sustainability. Government debt is expected to decline to below 32% of GDP by end-2026,with growing share of domestic debt in total government borrowings. Healthy bank lending and continued de-dollarisation The banking sector continues to demonstrate sound fundamentals, ample liquidity, and strong capitalisation. Lending growthremained broadly in line with nominal economic activity, with the loan portfolio expanding by 16.9% y-o-y in 3Q26 on a ccbasis, following growth of 14.5% in the previous quarter. Business and consumer lending continued to drive creditexpansion. Loan dollarisation declined to 41.5% at end-September 2026, down 0.2pp quarter-on-quarter. Depositdollarisation also fell by 0.9pp over the same period to 43.0%. More information on the Georgian economy and financial sector can be found at Galt & Taggart, the Group’s investmentbanking and brokerage subsidiary. Macroeconomic developments: Armenia Resilient growth Economic growth in Armenia remained resilient in 3Q26, following real GDP growth of 6.0% y-o-y in the first half of theyear. Strong domestic demand and the rapid re-routing of trade flows have moderated the adverse impact of recent tradetensions with Russia. We maintain our full-year 2026 real GDP growth forecast of 5.5%, supported by continued growth inservices, ongoing fiscal stimulus, and the recent launch of operations at a new gold mine. The evolving geopolitical landscape in the broader region, alongside Armenia's recalibrating relationship with Russia,presents some downside risks to the near-term growth outlook. Nevertheless, the Armenian economy has remained resilient,supported by diversified external inflows, prudent macroeconomic policies, and trade liberalisation with the EU. Thegovernment remains committed to maintaining economic cooperation with Russia and to continuing Armenia’s participationin the Eurasian Economic Union. The medium-term growth outlook also carries significant upside potential from the historic2025 peace accord with Azerbaijan and improving relations with Türkiye. Strong Dram Armenian merchandise exports fell by 11.6% y-o-y in 3Q26 amid lower re-exports and Russian import restrictions, whileimports grew by 15.5%, driven by strong domestic demand. During the same period, international tourism arrivals fell by13.5% y-o-y, driven by a decline in visitors from Russia. In contrast, remittances continued to grow strongly, increasing by16.1% y-o-y. The Armenian Dram (AMD) continued to appreciate, supported by strong foreign investment and external borrowing in themining and IT sectors, as well as external borrowing, despite weaker current account inflows. The AMD gained 4.9%against the US dollar in the first nine months of 2026. Over the same period, it gained 1.4% against the GEL. The CentralBank of Armenia (CBA) continued its foreign exchange purchases, increasing gross international reserves to a record highof USD 6.7 billion at end-September 2026 (up 55.3% y-o-y). Tighter monetary policy despite easing inflation Inflation eased in 3Q26, as rising fuel prices were offset by moderating food prices. Headline CPI inflation declined to 4.3%y-o-y in September 2026, from 5.1% in June. Meanwhile, lower inflation in non-food goods and services suggests thatinflation expectations remain contained. We expect headline inflation to average 4.5% in 2026, before returning to theCBA’s 3% target next year. Despite lower headline inflation, the CBA raised its policy rate by 25 bp in September 2026 to6.75%, citing stronger domestic and external demand as a source of increased inflationary risks. We do not rule out a furtherrate hike before the end of 2026. Continued fiscal expansion Fiscal policy is expected to remain growth-supportive in 2026, with the fiscal deficit projected to widen to 4.0% of GDPfrom 3.7% in 2025. Despite higher public spending, strong tax revenue growth is expected to keep government debt broadlystable, at 46.5% of GDP at end-2026, down slightly from 46.7% at end-2025. The Ministry of Finance targets a reduction inthe fiscal deficit to below 3% of GDP by 2028. Armenia’s fiscal framework is also supported by the ongoing IMF Stand-ByArrangement. Sound banking sector The Armenian banking sector remained sound, supported by strong capital and liquidity buffers. Bank lending grew by anestimated 25.4% y-o-y in 3Q26 on a cc basis, following growth of 22.1% in the previous quarter. Consumer and businesslending continued to drive credit expansion, with corporate lending particularly strong, reflecting rising funding needs forlarge-scale projects amid Armenia’s increasing openness to foreign investment. This has also contributed to higher loandollarisation, up to 37.2% at end-September 2026, from 36.1% at end-June. Meanwhile, deposit dollarisation declined by0.3pp q-o-q to 42.0%. 3Q26 and 9M26 unaudited consolidated results*
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GEL thousands 9M26 9M26 9M26 9M26 9M25 9M25 9M25 9M25 INCOME STATEMENT HIGHLIGHTS Group GFS AFS Other Group GFS AFS Other Interest income 4,677,685 3,274,843 1,285,687 117,155 3,923,202 2,867,000 973,723 82,479Interest expense (2,027,127) (1,433,528) (528,205) (65,394) (1,712,680) (1,294,135) (373,070) (45,475)Net interest income 2,650,558 1,841,315 757,482 51,761 2,210,522 1,572,865 600,653 37,004Net fee and commission income 586,047 478,124 96,792 11,131 447,606 375,766 61,748 10,092Net foreign currency gain 464,754 258,581 125,036 81,137 450,377 268,983 110,298 71,096Regulatory-related expenses (59,400) (41,990) (11,358) (6,052) (48,748) (37,617) (8,525) (2,606)Other expenses (6,859) - (6,859) - (4,968) - (4,968) - Net other income 25,946 8,165 7,085 10,696 44,499 29,881 8,426 6,192Net operating income 3,661,046 2,544,195 968,178 148,673 3,099,288 2,209,878 767,632 121,778Salaries and other employee benefits (777,177) (433,454) (290,266) (53,457) (697,388) (376,318) (276,103) (44,967)Administrative expenses (260,099) (181,366) (44,266) (34,467) (234,116) (160,313) (47,120) (26,683)Depreciation, amortisation and impairment (186,162) (116,147) (50,638) (19,377) (161,759) (107,828) (44,527) (9,404)Other operating expenses (7,568) (4,430) (1,977) (1,161) (7,980) (5,445) (1,501) (1,034)Operating expenses (1,231,006) (735,397) (387,147) (108,462) (1,101,243) (649,904) (369,251) (82,088)Profit from associates 1,937 1,937 - - 1,205 1,205 - - Operating income before cost of risk 2,431,977 1,810,735 581,031 40,211 1,999,250 1,561,179 398,381 39,690Cost of risk (192,984) (139,378) (46,291) (7,315) (133,087) (111,236) (16,812) (5,039)Profit before income tax expense 2,238,993 1,671,357 534,740 32,896 1,866,163 1,449,943 381,569 34,651Income tax expense (373,294) (252,078) (100,893) (20,323) (292,656) (201,198) (78,793) (12,665)Profit 1,865,699 1,419,279 433,847 12,573 1,573,507 1,248,745 302,776 21,986 GEL thousands 3Q26 3Q25 Changey-o-y 2Q26 Changeq-o-q 9M26 9M25 Changey-o-y 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%Net 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% BALANCE SHEET HIGHLIGHTS Sep-26 Sep-25 Changey-o-y Jun-26 Changeq-o-q 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 NMF 51,302 NMF 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% 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[1] 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 ofcollateral 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% GEL thousandsNON-PERFORMING LOANS Sep-26 Sep-25 Changey-o-y Jun-26 Changeq-o-qGroup (consolidated) NPLs to gross loans 2.0% 2.1% 2.1% NPL coverage ratio 61.8% 64.4% 58.4% NPL coverage ratio adjusted for the discounted value ofcollateral 119.4% 117.7% 119.2% Georgian Financial Services (GFS) NPLs to gross loans 1.9% 2.3% 2.1% NPL coverage ratio 57.6% 59.7% 53.9% NPL coverage ratio adjusted for the discounted value ofcollateral 118.6% 112.2% 117.2% Armenian Financial Services (AFS) NPLs to gross loans 1.9% 1.4% 2.0% NPL coverage ratio 67.0% 81.4% 64.7% NPL coverage ratio adjusted for the discounted value ofcollateral 121.3% 141.0% 123.9% * In 2Q26, the Group revised the presentation of certain line items in its consolidated income statement. Deposit insurancefees were reclassified from net interest income to regulatory-related expenses, certain repair and maintenance costs from netfee and commission income to administrative expenses, resolution fund contributions from other operating expenses toregulatory-related expenses, and core banking expenses from other administrative expenses to other expenses. The revisedpresentation has been applied since the Group's 2Q26 and 1H26 results. Details, including the related changes to theConsolidated Statement of Financial Position and Consolidated Statement of Cash Flows, are provided in Note 3 of theinterim condensed consolidated financial statements published with the 2Q26 and 1H26 results. Comparative amounts in
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this release have been reclassified accordingly. Management believes the revised presentation provides more reliable andrelevant information. Returns to shareholders (dividends and share buyback and cancellation programme) • In August 2025, the Board took the decision to move to a quarterly distribution schedule, with theGroup’s total capital distribution policy unchanged at a target payout range of 30-50% of annualGroup profits. Considering the strong performance of the Group during the third quarter of 2026and solid capital levels, today the Board declared an interim dividend of GEL 3.25 per ordinaryshare in respect of the third quarter of 2026, payable according to the following timetable: • Ex-Dividend Date: 3 December 2026 • Record Date: 4 December 2026 • Currency Conversion Date: 4 December 2026 • Payment Date: 18 December 2026 • The NBG’s Lari/Pound Sterling average exchange rate for the period of 30 November to 4December will be used as the exchange rate on the Currency Conversion Date and will beannounced in due course. • In addition, today the Board has approved an extension to the share buyback and cancellationprogramme of GEL 62 million. • The previous GEL 59.0 million share buyback and cancellation programme, announced on 11August 2026, is nearing completion. Total voting rights of shares in circulation was 42,964,407 asat 2 November 2026. Business Division results The Group results are presented by the following Business Divisions: 1) Georgian Financial Services (GFS), 2) Armenian Financial Services (AFS), and 3) Other Businesses. Georgian Financial Services (GFS) Georgian Financial Services (GFS) mainly comprises JSC Bank of Georgia and the investment bank JSC Galt and Taggart. GFS is organised across the following business segments: Retail Banking (RB), Small and Medium Enterprise (SME) Banking, Corporate and Investment Banking (CIB), and Corporate Center (CC). GEL thousands 3Q26 3Q25 Changey-o-y 2Q26 Changeq-o-q 9M26 9M25 Changey-o-y INCOME STATEMENT HIGHLIGHTS Interest income 1,138,812 1,007,375 13.0% 1,093,652 4.1% 3,274,843 2,867,000 14.2%Interest expense (493,057) (446,809) 10.4% (477,001) 3.4% (1,433,528) (1,294,135) 10.8%Net interest income 645,755 560,566 15.2% 616,651 4.7% 1,841,315 1,572,865 17.1%Net fee and commission income 165,285 125,300 31.9% 163,387 1.2% 478,124 375,766 27.2%Net foreign currency gain 95,202 94,932 0.3% 87,425 8.9% 258,581 268,983 -3.9%Regulatory-related expenses (15,084) (12,781) 18.0% (13,931) 8.3% (41,990) (37,617) 11.6%Net other income 1,582 7,916 -80.0% 3,805 -58.4% 8,165 29,881 -72.7%Net operating income 892,740 775,933 15.1% 857,337 4.1% 2,544,195 2,209,878 15.1%Salaries and other employee benefits (143,377) (130,380) 10.0% (149,185) -3.9% (433,454) (376,318) 15.2%Administrative expenses (63,149) (56,116) 12.5% (66,121) -4.5% (181,366) (160,313) 13.1%Depreciation, amortisation and impairment (39,788) (38,430) 3.5% (39,411) 1.0% (116,147) (107,828) 7.7%Other operating expenses (1,531) (1,737) -11.9% (1,726) -11.3% (4,430) (5,445) -18.6%Operating expenses (247,845) (226,663) 9.3% (256,443) -3.4% (735,397) (649,904) 13.2%Profit from associates 947 469 101.9% 604 56.8% 1,937 1,205 60.7%Operating income before cost of risk 645,842 549,739 17.5% 601,498 7.4% 1,810,735 1,561,179 16.0%Cost of risk (65,311) (47,398) 37.8% (41,801) 56.2% (139,378) (111,236) 25.3%Profit before income tax expense 580,531 502,341 15.6% 559,697 3.7% 1,671,357 1,449,943 15.3%Income tax expense (86,323) (68,515) 26.0% (86,677) -0.4% (252,078) (201,198) 25.3%Profit 494,208 433,826 13.9% 473,020 4.5% 1,419,279 1,248,745 13.7% BALANCE SHEET HIGHLIGHTS Sep-26 Sep-25 Changey-o-y Jun-26 Changeq-o-q Cash and cash equivalents 2,385,576 3,226,804 -26.1% 3,324,782 -28.2%Amounts due from credit institutions 1,732,020 2,160,672 -19.8% 1,767,646 -2.0%Investment securities 8,791,704 8,074,493 8.9% 8,454,030 4.0%Loans to customers, finance lease and factoring receivables 30,379,974 26,150,474 16.2% 29,164,019 4.2% Loans to customers, finance lease and factoringreceivables, LC 17,597,067 15,210,055 15.7% 16,858,351 4.4% Loans to customers, finance lease and factoringreceivables, FC 12,782,907 10,940,419 16.8% 12,305,668 3.9% Property and equipment 518,370 501,230 3.4% 522,079 -0.7%All remaining assets 1,247,225 1,223,077 2.0% 1,266,464 -1.5%Total assets 45,054,869 41,336,750 9.0% 44,499,020 1.2%Client deposits and notes 30,865,455 27,487,750 12.3% 30,553,106 1.0% Client deposits and notes, LC 17,709,403 14,551,630 21.7% 17,739,423 -0.2% Client deposits and notes, FC 13,156,052 12,936,120 1.7% 12,813,683 2.7%Amounts owed to credit institutions 4,006,938 6,225,136 -35.6% 4,157,132 -3.6%Debt securities issued 2,803,403 1,320,165 112.4% 2,687,773 4.3%All remaining liabilities 609,071 910,900 -33.1% 647,503 -5.9%Total liabilities 38,284,867 35,943,951 6.5% 38,045,514 0.6%Total equity 6,770,002 5,392,799 25.5% 6,453,506 4.9%Risk-weighted assets (JSC Bank of Georgia standalone) 34,439,629 30,835,359 11.7% 33,545,361 2.7% KEY RATIOS 3Q26 3Q25 2Q26 9M26 9M25 ROAA 4.4% 4.3% 4.4% 4.4% 4.3%ROAE 29.6% 32.2% 30.4% 30.5% 31.8%Net interest margin 6.6% 6.2% 6.4% 6.4% 6.0%Loan yield 12.7% 12.8% 12.8% 12.7% 12.7% Loan yield, GEL 15.4% 15.4% 15.5% 15.5% 15.2% Loan yield, FC 8.9% 9.3% 9.1% 9.0% 9.2%Cost of funds 5.2% 5.3% 5.3% 5.3% 5.2%Cost of client deposits and notes 4.7% 4.6% 4.7% 4.7% 4.4% Cost of client deposits and notes, GEL 7.3% 7.7% 7.5% 7.5% 7.7% Cost of client deposits and notes, FC 1.1% 1.3% 1.1% 1.2% 1.3%Cost of time deposits 7.0% 6.9% 7.2% 7.1% 6.7%
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Cost of time deposits, GEL 9.2% 9.9% 9.7% 9.7% 10.0% Cost of time deposits, FC 2.3% 2.5% 2.3% 2.3% 2.5%Cost of current accounts and demand deposits 2.5% 2.5% 2.4% 2.6% 2.4% Cost of current accounts and demand deposits, GEL 4.6% 5.1% 4.6% 4.8% 5.0% Cost of current accounts and demand deposits, FC 0.5% 0.4% 0.5% 0.5% 0.5%Cost:income ratio 27.8% 29.2% 29.9% 28.9% 29.4% Cost of credit risk ratio 0.7% 0.6% 0.5% 0.6% 0.5% Performance highlights • GFS net operating income grew by 15.1% y-o-y in 3Q26 and 15.1% y-o-y in 9M26, driven inboth periods by strong net interest income generation complemented by solid net fee andcommission income. Q-o-q, net operating income was up 4.1%, with net interest income as theprimary driver, supported by a positive contribution from net foreign currency gains and net feeand commission income. • Net interest income grew 15.2% y-o-y in 3Q26 and 17.1% y-o-y in 9M26, with NIM expanding40 bps y-o-y in both periods to 6.6% and 6.4%, respectively, reflecting a methodologyadjustment, whereby mandatory reserves are excluded from interest-earning assets in the NIMcalculation; Adjusting for this, NIM was up 20 bps y-o-y in 3Q26, reflecting a higher share ofloans in interest-earning assets mix. On a q-o-q basis, underlying NIM was flat, as a 10-bpsreduction in loan yield to 12.7% was offset by a 10-bps decline in the cost of funds to 5.2%. • Net fee and commission income grew 31.9% y-o-y in 3Q26 and 27.2% y-o-y in 9M26, partlyreflecting arrangements with international payment systems, including rate changes and sign-onbenefits. Excluding these effects, net fee and commission income grew 17.4% y-o-y in 3Q26,driven mainly by settlement operations alongside continued growth in acquiring volumes.Renegotiated terms with international payment systems also had a significant positive impact on4Q25, creating a high base for the y-o-y comparison in 4Q26; however, on a normalised basis, weexpect underlying y-o-y growth in net fee and commission income in 4Q26 to be broadly in linewith that of the current quarter. • 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. • Operating expenses increased 9.3% y-o-y in 3Q26 and 13.2% y-o-y in 9M26, driven by higherstaff costs, mainly reflecting salary increases. On a q-o-q basis, operating expenses decreased by3.4%, against an elevated 2Q26 base that included heightened marketing and Investor Relationsactivities, an accelerated recognition of previously granted unvested share-based awardsfollowing the voluntary departure of an executive, and the seasonal phasing of certain expenses.On an underlying basis, operating expenses were flat q-o-q. • Portfolio quality remained sound. The cost of credit risk ratio was 0.7% in 3Q26 and 0.6% in9M26, compared with 0.6% and 0.5% in the respective prior year periods, and 0.5% in 2Q26.The y-o-y increase was mainly driven by normalisation of ECL in Retail with underlyingportfolio performance remaining stable and robust, partially offset by strong performance in CIB.On a q-o-q basis, the increase was due to low base in 2Q26 driven by strong recoveries in CIBand methodological changes positively impacting ECL in SME. • NPL ratio decreased to 1.9% as at 30 September 2026, from 2.3% a year earlier and 2.1% in theprior quarter, reflecting continued improvement in underlying asset quality. Portfolio highlights Portfolio highlights: loans to customers, finance lease and factoring receivables Sep-26 Sep-25 Changey-o-y Change y-o-y(constant currency) Jun-26 Changeq-o-q Change q-o-q(constant currency) Total GFS 30,379,974 26,150,474 16.2% 18.6% 29,164,019 4.2% 4.9% Retail 14,009,515 11,571,767 21.1% 22.0% 13,241,289 5.8% 6.1% Mortgages 5,766,239 4,915,696 17.3% 18.9% 5,486,515 5.1% 5.6% Consumer loans 7,222,197 5,856,880 23.3% 23.7% 6,772,241 6.6% 6.8% Other loans 1,021,079 799,191 27.8% 28.3% 982,533 3.9% 3.9% SME 5,803,569 5,317,970 9.1% 11.4% 5,661,126 2.5% 3.2% CIB 10,566,890 9,260,737 14.1% 18.4% 10,261,604 3.0% 4.3% Portfolio highlights: customer deposits and notes Sep-26 Sep-25 Changey-o-y Change y-o-y(constant currency) Jun-26 Changeq-o-q Change q-o-q(constant currency) Total GFS 30,865,455 27,487,750 12.3% 14.5% 30,553,106 1.0% 1.7% Retail 17,832,366 15,589,366 14.4% 17.4% 17,225,211 3.5% 4.5% SME 2,684,434 2,344,438 14.5% 16.3% 2,530,747 6.1% 6.7% CIB 8,632,026 7,613,923 13.4% 14.8% 7,809,469 10.5% 11.0% CorporateCenter 1,821,903 2,021,083 -9.9% 3,082,547 -40.9% Eliminations (105,274) (81,060) 29.9% (94,868) 11.0% Loan portfolio quality: cost of credit risk ratio 3Q26 3Q25 2Q26 9M26 9M25 Total GFS 0.7% 0.6% 0.5% 0.6% 0.5%
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• Customer lending growth remained strong, driven primarily by Retail Banking, followed byCorporate and Investment Banking, with Small and Medium Enterprise also contributing. • Within the Retail Banking segment, consumer lending showed strong growth, rising by 23.7%y-o-y and 6.8% q-o-q in cc. Mortgage lending grew by 18.9% y-o-y and 5.6% q-o-q in cc, nowaccounting for 41.2% of the retail loan book – below the share of consumer loans at 51.6%.Robust lending expansion has been underpinned by increasing active customer base, as well asstrong household disposable income growth, which has averaged 10% over the past two years. • Client deposits and notes grew 14.5% y-o-y in cc, driven primarily by Retail Banking, with astrong contribution from Corporate and Investment Banking, followed by Small and MediumEnterprise. As at 30 September 2026, current and demand deposits accounted for 53.2%, and timedeposits accounted for 46.8% of the total deposit portfolio, respectively. Notably, the share ofGEL deposits in total deposits increased y-o-y from 52.9% to 57.4% (58.1% as at 30 June 2026). Retail 1.2% 0.8% 1.3% 1.1% 0.6% SME 0.7% 0.3% 0.1% 0.5% 0.6% CIB 0.2% 0.7% -0.2% -0.1% 0.4% Loan portfolio quality: NPL ratio Sep-26 Sep-25 Jun-26 Total GFS 1.9% 2.3% 2.1% Retail 1.3% 1.5% 1.3% SME 4.0% 4.0% 4.2% CIB 1.7% 2.3% 2.0% Liquidity Sep-26 Sep-25 Jun-26 IFRS-based NBG Liquidity Coverage Ratio (Bank of Georgia) 147.9% 126.2% 152.0%IFRS-based NBG Net Stable Funding Ratio (Bank of Georgia) 132.0% 127.4% 132.9% Both Bank of Georgia’s Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) were well above theregulatory minimum requirements of 100%. Capital position Bank of Georgia maintains solid levels of capital, with all ratios comfortably above the minimum regulatory requirements.The movement in capital adequacy ratios in 3Q26 and the potential impact of a 10% devaluation of GEL are as follows: 30 Jun2026 3Q26profit Businessgrowth Currencyimpact Dividendpayment Tier 1-Tier 2 30 Sep2026 Minrequirement Buffer aboveminrequirement Potential impactof a 10% GELdevaluation CET 1 capital adequacy 18.2% 1.4% -0.5% 0.1% -1.1% 0.0% 18.1% 15.5% 2.6% -0.7%Tier 1 capital adequacy 21.0% 1.4% -0.7% 0.1% -1.1% 0.0% 20.7% 17.6% 3.1% -0.6%Total capital adequacy 22.7% 1.4% -0.7% 0.1% -1.1% 0.1% 22.5% 20.5% 2.0% -0.5% Armenian Financial Services (AFS) GEL thousands 3Q26 3Q25 Changey-o-y 2Q26 Changeq-o-q 9M26 9M25 Changey-o-y INCOME STATEMENT HIGHLIGHTS Interest income 469,556 349,416 34.4% 427,449 9.9% 1,285,687 973,723 32.0%Interest expense (191,788) (136,584) 40.4% (176,800) 8.5% (528,205) (373,070) 41.6%Net interest income 277,768 212,832 30.5% 250,649 10.8% 757,482 600,653 26.1%Net fee and commission income 33,727 17,356 94.3% 33,070 2.0% 96,792 61,748 56.8%Net foreign currency gain 46,443 38,428 20.9% 45,158 2.8% 125,036 110,298 13.4%Regulatory-related expenses (4,177) (3,123) 33.7% (3,501) 19.3% (11,358) (8,525) 33.2%Other expenses (2,451) (1,824) 34.4% (2,334) 5.0% (6,859) (4,968) 38.1%Net other income 880 4,896 -82.0% 2,635 -66.6% 7,085 8,426 -15.9%Net operating income 352,190 268,565 31.1% 325,677 8.1% 968,178 767,632 26.1%Salaries and other employee benefits (102,414) (98,731) 3.7% (94,457) 8.4% (290,266) (276,103) 5.1%Administrative expenses (13,218) (13,034) 1.4% (15,720) -15.9% (44,266) (47,120) -6.1%Depreciation, amortisation and impairment (17,834) (14,569) 22.4% (16,921) 5.4% (50,638) (44,527) 13.7%Other operating expenses 169 1,109 -84.8% (1,477) NMF (1,977) (1,501) 31.7%Operating expenses (133,297) (125,225) 6.4% (128,575) 3.7% (387,147) (369,251) 4.8%Operating income before cost of risk 218,893 143,340 52.7% 197,102 11.1% 581,031 398,381 45.8%Cost of risk (19,652) (2,872) NMF (20,835) -5.7% (46,291) (16,812) 175.3%Profit before income tax expense 199,241 140,468 41.8% 176,267 13.0% 534,740 381,569 40.1%Income tax expense (37,867) (28,997) 30.6% (33,222) 14.0% (100,893) (78,793) 28.0%Profit 161,374 111,471 44.8% 143,045 12.8% 433,847 302,776 43.3% BALANCE SHEET HIGHLIGHTS Sep-26 Sep-25 Changey-o-y Jun-26 Changeq-o-qCash and cash equivalents 830,579 1,211,626 -31.4% 917,342 -9.5%Amounts due from credit institutions 2,207,364 942,877 134.1% 1,985,807 11.2%Investment securities 1,555,730 1,455,992 6.9% 1,509,156 3.1% Loans to customers, finance lease and factoring receivables 14,845,959 10,890,803 36.3% 14,041,531 5.7% Loans to customers, finance lease and factoringreceivables, LC 8,277,122 6,258,037 32.3% 7,727,439 7.1% Loans to customers, finance lease and factoringreceivables, FC 6,568,837 4,632,766 41.8% 6,314,092 4.0% Property and equipment 84,180 84,829 -0.8% 81,805 2.9%All remaining assets 533,623 396,708 34.5% 487,375 9.5%Total assets 20,057,435 14,982,835 33.9% 19,023,016 5.4%Client deposits and notes 12,202,630 8,827,419 38.2% 11,444,050 6.6% Client deposits and notes, LC 7,276,110 5,227,233 39.2% 6,933,631 4.9% Client deposits and notes, FC 4,926,520 3,600,186 36.8% 4,510,419 9.2%Amounts owed to credit institutions 3,366,927 2,382,530 41.3% 3,204,987 5.1%Debt securities issued 1,318,727 1,207,757 9.2% 1,440,017 -8.4%All remaining liabilities 461,274 444,191 3.8% 403,206 14.4%Total liabilities 17,349,558 12,861,897 34.9% 16,492,260 5.2%Total equity 2,707,877 2,120,938 27.7% 2,530,756 7.0% Risk-weighted assets (Ameriabank CJSC standalone) 17,664,679 14,099,398 25.3% 16,475,510 7.2% KEY RATIOS 3Q26 3Q25 2Q26 9M26 9M25
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ROAA 3.3% 3.0% 3.2% 3.2% 2.9% ROAE 24.4% 21.8% 23.1% 23.2% 21.0% Net interest margin 6.4% 6.5% 6.0% 6.2% 6.6%Loan yield 11.4% 11.6% 11.3% 11.3% 11.5% Loan yield, AMD 13.7% 14.2% 13.6% 13.8% 13.9% Loan yield, FC 8.4% 7.9% 8.4% 8.2% 8.1%Cost of funds 4.6% 4.5% 4.6% 4.6% 4.3%Cost of client deposits and notes 3.8% 3.6% 3.9% 3.9% 3.4% Cost of client deposits and notes, AMD 5.2% 5.0% 5.4% 5.3% 4.9% Cost of client deposits and notes, FC 1.7% 1.7% 1.6% 1.6% 1.5%Cost of time deposits 6.6% 6.4% 6.7% 6.7% 6.1% Cost of time deposits, AMD 9.0% 9.3% 9.3% 9.2% 9.3% Cost of time deposits, FC 3.4% 2.9% 2.9% 3.1% 2.6%Cost of current accounts and demand deposits 1.8% 1.6% 1.7% 1.7% 1.6% Cost of current accounts and demand deposits, AMD 2.8% 2.2% 2.5% 2.6% 2.2% Cost of current accounts and demand deposits, FC 0.3% 0.6% 0.5% 0.4% 0.6%Cost:income ratio 37.8% 46.6% 39.5% 40.0% 48.1% Cost of credit risk ratio 0.5% 0.0% 0.6% 0.5% 0.2% Performance highlights • AFS net operating income grew by 31.1% y-o-y in 3Q26, and 26.1% y-o-y in 9M26, driven inboth periods by strong net interest income generation complemented by positive contributionsfrom net fee and commission income and net foreign currency gains. • 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 comparablebasis, NIM increased 10 bps, supported by a 10-bps improvement in loan yield to 11.4% and ahigher share of loans in interest-earning assets. • Net fee and commission income grew by 94.3% y-o-y in 3Q26 and 56.8% y-o-y in 9M26. The3Q26 result included GEL 1.1m in advisory fees, with no equivalent income in 3Q25, and GEL3.8m in currency conversion fees reclassified from net foreign currency gains to align with Groupaccounting policies. Excluding these effects, growth was 66.1% y-o-y in 3Q26, driven byincreased transaction volumes and improved transaction pricing. • Net foreign currency gains grew by 20.9% y-o-y in 3Q26 and 13.4% y-o-y in 9M26, primarilydriven by increased dealing turnover across both corporate and retail transactions. • Operating expenses increased by 6.4% y-o-y in 3Q26 and by 4.8% y-o-y in 9M26; Figures in theprior year included management retention bonus, which elevated expenses in the first threequarters of 2025. Adjusting for this effect, operating expenses were up 17.6% and 16.2% y-o-y in3Q26 and 9M26, respectively, reflecting higher performance-related expenses in line withstronger business results. AFS maintained positive operating leverage on an adjusted basis. • Excluding the above-mentioned effect on prior year’s operating expenses, profit growth wouldhave been 30.9% and 28.0% y-o-y in 3Q26 and 9M26, respectively. • The cost of credit risk stood at 0.5% in 3Q26, compared with 0.0% in 3Q25. The y-o-y increasewas driven by the Retail segment, where cost of risk exceeded its normalised level of 1.2-1.4%during the current phase of growth, which we expect will revert to its normalised level. • NPL ratio stood at 1.9% as of 30 September 2026. The year-on-year increase was largelyattributable to the Retail segment, which reflects a change in write-off policy introduced in 3Q25,whereby write-off timelines were refined by loan type based on actual recovery statistics, ratherthan a uniform 270-day threshold applied across all loans. On a q-o-q basis, NPL ratio showed 10-bps improvement across both segments respectively, reflecting sound underlying asset quality. Portfolio highlights[2] Portfolio highlights: loans to customers, finance lease and factoring receivables Sep-26 Sep-25 Changey-o-y Change y-o-y(constant currency) Jun-26 Changeq-o-q Change q-o-q(constantcurrency)Total AFS 14,845,959 10,890,803 36.3% 38.1% 14,041,531 5.7% 6.7%Retail 6,320,992 4,944,013 27.9% 26.9% 5,950,290 6.2% 6.7%Mortgages 3,344,325 2,617,178 27.8% 26.6% 3,119,359 7.2% 7.6%Consumer loans 2,258,623 1,701,662 32.7% 31.6% 2,139,962 5.5% 6.0%Retail SME 718,044 625,173 14.9% 15.4% 690,969 3.9% 4.8%Corporate 8,524,967 5,946,790 43.4% 47.3% 8,091,241 5.4% 6.7% Portfolio highlights: customer deposits and notes Sep-26 Sep-25 Changey-o-y Change y-o-y(constant currency) Jun-26 Changeq-o-q Change q-o-q(constantcurrency) Total AFS 12,202,630 8,827,419 38.2% 39.5% 11,444,050 6.6% 7.6% Retail 6,879,082 4,842,429 42.1% 44.2% 6,242,532 10.2% 11.3% Corporate 5,323,548 3,984,990 33.6% 33.9% 5,201,518 2.3% 3.0% Loan portfolio quality: cost of credit risk ratio 3Q26 3Q25 2Q26 9M26 9M25 Total AFS 0.5% 0.0% 0.6% 0.5% 0.2% Retail 1.7% 0.5% 1.0% 1.3% 0.6% Corporate -0.3% -0.3% 0.3% -0.2% -0.2%
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30 Jun2026 3Q26profit Businessgrowth Currencyimpact DividendpaymentRegulatorychanges Tier1-Tier2 Other 30 Sep2026 Minimumrequirement Buffer aboveminrequirement Potential impactof a 10% AMDdevaluation CET 1 capitaladequacy 14.0% 0.9% -1.0% 0.1% 0.0% 0.0% 0.0% 0.0% 14.0% 12.0% 2.0% -0.6% Tier 1 capital adequacy 15.6% 0.9% -1.1% 0.1% 0.0% 0.0% 0.0% 0.0% 15.5% 14.1% 1.4% -0.5%Total capital adequacy 18.6% 0.9% -1.2% 0.0% 0.0% 0.0% 0.0% 0.0% 18.3% 16.8% 1.5% -0.4% Loan portfolio quality: NPL ratio Sep-26 Sep-25 Jun-26 Total AFS 1.9% 1.4% 2.0% Retail 3.8% 2.1% 3.9% Corporate 0.5% 0.9% 0.6% • Customer loans grew strongly by 38.1% y-o-y and 6.7% q-o-q in cc, with robust growth acrossboth Corporate and Retail segments. Corporate loans grew 47.3% y-o-y and 6.7% q-o-q in cc,supported in part by strong demand associated with large-scale investment and infrastructureactivity in Armenia. Within the Retail portfolio, consumer loans maintained the strongest growthtrajectory, posting 31.6% y-o-y and 6.0% q-o-q growth in cc. Mortgage lending grew by 26.6% y-o-y and 7.6% q-o-q in cc, now representing 52.9% of the total retail loan book. Ameriabankstrengthened its market leadership, with its lending share rising to 23.0% as at 30 September 2026(#1 position), up 1.8pp y-o-y and 0.1pp q-o-q. • Client deposits and notes also grew strongly, rising by 39.5% y-o-y and 7.6% q-o-q in cc. Theshare of current account and demand deposits was up y-o-y to 58.1% of the total deposit base,while decreasing slightly on a quarterly basis (57.3% as at 30 September 2025 and 58.3% as at 30June 2026). The bank's deposit market share (including local bonds) stood at 19.4% as at 30September 2026 (#2 position) (flat y-o-y and -0.7pp q-o-q). • AFS maintained a diversified funding structure with customer deposits and local debt securitiesrepresenting 77.9% of total liabilities, and the ratio of net loans, factoring and finance leasereceivables to customer deposits and notes, local debt securities and DFI funding standing at97.6% as at 30 September 2026. Liquidity • Ameriabank has maintained a strong liquidity position, with CBA LCR at 203.0% and CBANSFR at 125.3% as at 30 September 2026, well above the minimum regulatory requirements of100%. Capital position • As at 30 September 2026, Ameriabank’s CET 1, Tier 1, and Total capital ratios stood at 14.0%,15.5%, and 18.3%, respectively, all above the minimum requirements of 12.0%, 14.1%, and16.8%, respectively. • On 28 July 2026, the Board of the Central Bank of Armenia decided to raise the countercyclicalcapital buffer from 1.75% to 2.00% of risk-weighted assets, with the new rate effective 1February, 2027. Subsequently, on 20 October 2026, the CBA Board approved a further increase to2.25%, effective 1 May 2027. Other Businesses The Business Division ‘Other Businesses’ includes JSC Belarusky Narodny Bank (BNB) serving retail and SME clients in Belarus, JSC Digital Area – a digital ecosystem in Georgia including e-commerce, ticketing, and inventory management SaaS, Lion Finance Group PLC – the holding company, and other small entities and intragroup eliminations. GEL thousands 3Q26 3Q25 Changey-o-y 2Q26 Changeq-o-q 9M26 9M25 Changey-o-yINCOME STATEMENT HIGHLIGHTS Interest income 42,732 29,863 43.1% 39,362 8.6% 117,155 82,479 42.0%Interest expense (24,514) (14,579) 68.1% (20,459) 19.8% (65,394) (45,475) 43.8%Net interest income 18,218 15,284 19.2% 18,903 -3.6% 51,761 37,004 39.9% Net fee and commission income 4,522 2,817 60.5% 3,414 32.5% 11,131 10,092 10.3%Net foreign currency gain 26,732 18,826 42.0% 33,670 -20.6% 81,137 71,096 14.1%Regulatory-related expenses (2,549) (1,244) 104.9% (1,787) 42.6% (6,052) (2,606) 132.2%Net other income 2,712 2,325 16.6% 4,354 -37.7% 10,696 6,192 72.7%Net operating income 49,635 38,008 30.6% 58,554 -15.2% 148,673 121,778 22.1%Salaries and other employee benefits (17,699) (15,173) 16.6% (17,968) -1.5% (53,457) (44,967) 18.9%Administrative expenses (10,967) (9,638) 13.8% (12,786) -14.2% (34,467) (26,683) 29.2%Depreciation, amortisation and impairment (4,656) (3,500) 33.0% (10,502) -55.7% (19,377) (9,404) 106.1%Other operating expenses (452) (359) 25.9% (380) 18.9% (1,161) (1,034) 12.3%Operating expenses (33,774) (28,670) 17.8% (41,636) -18.9% (108,462) (82,088) 32.1%Operating income before cost of risk 15,861 9,338 69.9% 16,918 -6.2% 40,211 39,690 1.3%Cost of risk (4,721) (5,108) -7.6% (1,824) 158.8% (7,315) (5,039) 45.2%Profit before income tax expense 11,140 4,230 163.4% 15,094 -26.2% 32,896 34,651 -5.1%Income tax expense (4,816) (2,331) 106.6% (12,354) -61.0% (20,323) (12,665) 60.5%Profit 6,324 1,899 NMF 2,740 130.8% 12,573 21,986 -42.8% BALANCE SHEET HIGHLIGHTS Sep-26 Sep-25 Changey-o-y Jun-26 Changeq-o-q Cash and cash equivalents 824,801 611,475 34.9% 804,630 2.5%Amounts due from credit institutions 29,826 22,204 34.3% 23,563 26.6%Investment securities 120,423 176,085 -31.6% 95,022 26.7%Loans to customers, finance lease and factoringreceivables 1,275,244 885,942 43.9% 1,223,493 4.2% Property and equipment 18,791 17,389 8.1% 18,518 1.5%All remaining assets 121,087 98,505 22.9% 133,277 -9.1%Total assets 2,390,172 1,811,600 31.9% 2,298,503 4.0%
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Client deposits and notes 1,821,391 1,342,403 35.7% 1,667,597 9.2%Amounts owed to credit institutions 29,020 30,122 -3.7% 9,926 192.4% Debt securities issued 47,151 11,774 NMF 48,481 -2.7%All remaining liabilities 57,902 43,521 33.0% 164,833 -64.9%Total liabilities 1,955,464 1,427,820 37.0% 1,890,837 3.4%Total equity 434,708 383,780 13.3% 407,666 6.6% • Net operating income grew 30.6% y-o-y in 3Q26 and 22.1% y-o-y in 9M26, with net foreigncurrency gains — driven by continued strong FX activity at BNB — the primary contributor to3Q26 growth, while net interest income was the key driver over the nine-month period. • Net interest income was up 19.2% y-o-y in 3Q26 and 39.9% y-o-y in 9M26, with NIM expanding20 bps y-o-y to 5.5% over the nine-month period, partly reflecting the Group-wide exclusion ofnon-interest-bearing mandatory reserves from the calculation as described above. On acomparable basis, NIM increased 17bps, reflecting higher loan yields. • Net foreign currency gains grew 42.0% y-o-y in 3Q26 and 14.1% y-o-y in 9M26, primarily drivenby continued expansion of FX activity at BNB, in line with the market. • Operating expenses grew 17.8% y-o-y in 3Q26, driven by higher staff costs at BNB, reflectingincreased headcount and salary revisions, and higher administrative expenses, principally softwaremaintenance and staff training. On a q-o-q basis, operating expenses declined 5.8%, adjusting forthe GEL 5.8m goodwill impairment recognised in 2Q26 in respect of a Digital Area e-commercedelivery platform. • BNB’s capital ratios, calculated in accordance with the National Bank of the Republic of Belarus’standards, were above the minimum requirements as at 30 September 2026: Tier 1 capitaladequacy ratio at 9.2% (minimum requirement of 7.0%) and Total capital adequacy ratio at 13.9%(minimum requirement of 12.5%). Unaudited consolidated financial information GEL thousands 3Q26 3Q25 Changey-o-y 2Q26 Changeq-o-q 9M26 9M25 Changey-o-yINCOME STATEMENT HIGHLIGHTS Interest income 1,651,100 1,386,654 19.1% 1,560,463 5.8% 4,677,685 3,923,202 19.2%Interest expense (709,359) (597,972) 18.6% (674,260) 5.2% (2,027,127) (1,712,680) 18.4%Net interest income 941,741 788,682 19.4% 886,203 6.3% 2,650,558 2,210,522 19.9%Fee and commission income 354,398 280,972 26.1% 340,356 4.1% 1,001,703 794,619 26.1%Fee and commission expense (150,864) (135,499) 11.3% (140,485) 7.4% (415,656) (347,013) 19.8%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%Net operating income 1,294,565 1,082,506 19.6% 1,241,568 4.3% 3,661,046 3,099,288 18.1%Salaries and other employee benefits (263,490) (244,284) 7.9% (261,610) 0.7% (777,177) (697,388) 11.4%Administrative expenses (87,334) (78,788) 10.8% (94,627) -7.7% (260,099) (234,116) 11.1%Depreciation, amortisation and impairment (62,278) (56,499) 10.2% (66,834) -6.8% (186,162) (161,759) 15.1%Other operating expenses (1,814) (987) 83.8% (3,583) -49.4% (7,568) (7,980) -5.2%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%Expected credit loss on loans to customers and factoringreceivables (80,135) (48,244) 66.1% (62,174) 28.9% (177,067) (112,913) 56.8% Expected credit loss on finance lease receivables 1,629 171 NMF 1,142 42.6% 3,437 (456) NMFOther expected credit loss and impairment charge on otherassets and provisions (11,178) (7,305) 53.0% (3,428) NMF (19,354) (19,718) -1.8% Cost of risk (89,684) (55,378) 61.9% (64,460) 39.1% (192,984) (133,087) 45.0%Profit before income tax expense 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% Attributable to: – shareholders of the Group 661,889 547,196 21.0% 618,800 7.0% 1,865,662 1,571,617 18.7%– non-controlling interests 17 - - 5 NMF 37 1,890 -98.0% 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% GEL thousands Sep-26 Sep-25 Changey-o-y Jun-26 Changeq-o-qBALANCE SHEET HIGHLIGHTS 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 10,182,779 8,569,742 18.8% 9,737,554 4.6%Investment securities pledged under sale and repurchaseagreements and securities lending 285,078 1,136,828 -74.9% 320,654 -11.1% Loans to customers, finance lease and factoring receivables 46,501,177 37,927,219 22.6% 44,429,043 4.7%Prepayments 166,673 126,343 31.9% 160,538 3.8%Foreclosed assets 401,032 371,422 8.0% 405,131 -1.0%Right-of-use assets 314,029 306,449 2.5% 327,471 -4.1%Investment properties 94,073 121,698 -22.7% 98,261 -4.3%Property and equipment 621,341 603,448 3.0% 622,402 -0.2%Goodwill 35,488 41,253 -14.0% 35,488 0.0%Intangible assets 407,348 341,639 19.2% 402,750 1.1%Income tax assets 104 15,289 -99.3% 55 89.1%Other assets 477,122 376,345 26.8% 447,670 6.6%Assets held for sale 6,066 17,852 -66.0% 9,752 -37.8%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%Debt securities issued 4,169,281 2,539,696 64.2% 4,176,271 -0.2%Lease liability 344,602 319,161 8.0% 359,831 -4.2%Accruals and deferred income 277,094 271,174 2.2% 239,749 15.6%Income tax liabilities 133,296 91,875 45.1% 165,531 -19.5%Other liabilities 373,255 716,402 -47.9% 450,431 -17.1%Total liabilities 57,589,889 50,233,668 14.6% 56,428,611 2.1%Share capital 1,417 1,439 -1.5% 1,419 -0.1%Additional paid-in capital 643,615 466,851 37.9% 613,014 5.0%Treasury shares (19) (30) -36.7% (18) 5.6%Capital redemption reserve 202 179 12.8% 199 1.5%
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Other reserves 164,822 63,215 160.7% 165,355 -0.3%Retained earnings 9,100,453 7,364,398 23.6% 8,609,880 5.7%Total equity attributable to shareholders of the Group 9,910,490 7,896,052 25.5% 9,389,849 5.5%Non-controlling interests 2,097 1,465 43.1% 2,079 0.9%Total equity 9,912,587 7,897,517 25.5% 9,391,928 5.5%Total liabilities and equity 67,502,476 58,131,185 16.1% 65,820,539 2.6%Book value per share 233.36 184.46 26.5% 220.69 5.7% Non-financial information Customer engagement Sep-26 Sep-25 Change y-o-y Jun-26 Change q-o-qRetail (thousands): Monthly active customers: Bank of Georgia (standalone) 2,354.1 2,130.2 10.5% 2,275.3 3.5% Ameriabank (standalone) 546.1 435.3 25.4% 521.5 4.7%Digital MAU: Bank of Georgia (standalone) 1,987.2 1,744.5 13.9% 1,922.1 3.4% Ameriabank (standalone) 417.4 305.1 36.8% 392.1 6.4%Digital DAU: Bank of Georgia (standalone) 1,076.8 896.8 20.1% 1,049.4 2.6% Ameriabank (standalone) 181.7 127.5 42.5% 174.2 4.3%Share of products sold through retail digital channels: Bank of Georgia (standalone) 77% 70% 73% Sep-26 Sep-25 Change y-o-y Jun-26 Change q-o-qBusinesses (thousands): Monthly active customers: Bank of Georgia (standalone) 139.1 125.4 11.0% 136.4 2.0% Ameriabank (standalone) 42.7 36.3 17.8% 41.4 3.2%Digital MAU: Bank of Georgia (standalone) 117.6 103.5 13.6% 114.8 2.5% Ameriabank (standalone) 35.3 29.4 19.8% 33.8 4.4% Payments businessBank of Georgia (standalone) Sep-26 Sep-25 Change y-o-y Jun-26 Change q-o-q Payment MAU - retail (issuing) (thousands) 1,763.4 1,567.2 12.5% 1,710.4 3.1% Market share in acquiring volumes[3] 56.8% 56.2% 56.7% Active merchants (thousands) 29.9 25.8 15.9% 28.8 3.9% 3Q26 3Q25 Change y-o-y 2Q26 Change q-o-q Volume of payment transactions (acquiring)3(millions):Bank of Georgia (standalone) 7,459.4 6,060.4 23.1% 6,524 14.3% POS 4,886.9 3,980.2 22.8% 4,173 17.1% E-comm 2,572.5 2,080.1 23.7% 2,351 9.4% Additional information Sep-26 Sep-25 Change y-o-y Jun-26 Change q-o-qEmployees (period-end) Bank of Georgia 8,612 8,377 2.8% 8,639 -0.3%Ameriabank 2,531 2,272 11.4% 2,452 3.2%Other 2,291 2,245 2.0% 2,252 1.7%Group 13,434 12,894 4.2% 13,343 0.7% Branch-network Sep-26 Sep-25 Change y-o-y Jun-26 Change q-o-q Bank of Georgia 208 185 12.4% 206 1.0%Of which: Full-scale branches 117 99 18.2% 115 1.7% Transactional branches 91 86 5.8% 91 0.0%Ameriabank 30 27 11.1% 30 0.0% FX rates Sep-26 Sep-25 Jun-26 GEL/USD exchange rate (period-end) 2.61 2.71 2.65GEL/GBP exchange rate (period-end) 3.45 3.64 3.50GEL/1000AMD exchange rate (period-end) 7.17 7.06 7.18 Shares outstanding Sep-26 Sep-25 Change y-o-y Jun-26 Change q-o-q Ordinary shares outstanding (period-end) 42,468,450 42,807,308 -0.8% 42,547,127 -0.2%Treasury shares outstanding (period-end) 584,046 919,155 -36.5% 568,307 2.8%Total shares outstanding (period-end) 43,052,496 43,726,463 -1.5% 43,115,434 -0.1% Glossary Operational terms • MAC (Monthly active customer - retail or business) Number of customers who satisfied pre-defined activity criteria within the past month. • Digital monthly active user (Digital MAU) Number of retail customers who logged into ourmobile or internet banking channels at least once within a given month; when referring to businesscustomers, Digital MAU means number of business customers who logged into our businessmobile or internet banking channels at least once within a given month. • Digital daily active user (Digital DAU) Average daily number of retail customers who loggedinto our mobile or internet banking channels within a given month. • Payment MAU Number of retail customers who made at least one payment with a BOG cardwithin the past month. • Net Promoter Score (NPS) NPS asks: on a scale of 0-10, how likely is it that you wouldrecommend an entity to a friend or a colleague? The responses: 9 and 10 – are promoters; 7 and 8– are neutral; 1 to 6 – are detractors. The final score equals the percentage of the promoters minusthe percentage of the detractors.
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Ratio definitions and abbreviations • Alternative performance measures (APMs) In this announcement the management uses variousAPMs, which we believe provide additional useful information for understanding the financialperformance of the Group. These APMs are not defined by International Financial ReportingStandards, and also may not be directly comparable with other companies who use similarmeasures. We believe that these APMs provide the best representation of our financialperformance as these measures are used by the management to evaluate the Group’s operatingperformance and make day-to-day operating decisions. • Basic earnings per share Profit for the period attributable to shareholders of the Group dividedby the weighted average number of outstanding ordinary shares over the same period. • Book value per share Total equity attributable to shareholders of the Group divided by ordinaryshares outstanding at period-end; Ordinary shares outstanding at period-end equals number ofordinary shares at period-end less number of treasury shares at period-end. • CBA Central Bank of Armenia. • CBA Common Equity Tier 1 (CET 1) capital adequacy ratio Common Equity Tier 1 capitaldivided by total risk weighted assets, both calculated in accordance with the requirements of theCBA. Calculations are made for Ameriabank standalone. • CBA Tier 1 capital adequacy ratio Tier 1 capital divided by total risk weighted assets, bothcalculated in accordance with the requirements of the CBA. Calculations are made forAmeriabank standalone. • CBA Total capital adequacy ratio Total regulatory capital divided by total risk weighted assets,both calculated in accordance with the requirements of the CBA. Calculations are made forAmeriabank standalone. • CBA Liquidity coverage ratio (LCR) High-quality liquid assets divided by net cash outflowsover 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 therequired amount of stable funding (as defined by the CBA). Calculations are made forAmeriabank standalone. • Constant currency basis (CC) To eliminate the impact of foreign exchange fluctuations, constantcurrency growth for loans and deposits was calculated using the exchange rates as at 30 June 2026for quarter-over-quarter growth and as at 30 September 2025 for year-over-year growth. Thesecalculations were performed separately for the GFS and AFS segments. • Cost of credit risk ratio Expected loss on loans to customers, factoring and finance leasereceivables for the period divided by monthly average gross loans to customers, finance lease andfactoring over the same period (annualised where applicable). • Cost of deposits Interest expense on client deposits and notes for the period divided by monthlyaverage client deposits and notes over the same period (annualised where applicable). • Cost of funds Interest expense for the period divided by monthly average interest-bearingliabilities over the same period (annualised where applicable). • Cost:income ratio Operating expenses divided by net operating income. • FC Foreign currency. • Full-scale branch A banking branch that provides all banking services. • Interest-bearing liabilities Amounts owed to credit institutions, client deposits and notes, anddebt securities issued. • Interest-earning assets (excluding cash) Amounts due from credit institutions, investmentsecurities (but excluding corporate shares) and loans to customers, factoring and finance leasereceivables. • NBG Liquidity coverage ratio (LCR) High-quality liquid assets divided by net cash outflowsover the next 30 days (as defined by the NBG). Calculations are made for Bank of Georgiastandalone, based on IFRS. • NBG Net stable funding ratio (NSFR) Available amount of stable funding divided by therequired amount of stable funding (as defined by the NBG). Calculations are made for Bank ofGeorgia standalone, based on IFRS. • LC Local currency. • Leverage (times) Total liabilities divided by total equity. • Liquid assets Cash and cash equivalents, amounts due from credit institutions and investmentsecurities.
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• Loan yield Interest income from loans to customers, factoring and finance lease receivables forthe period divided by monthly average gross loans to customers, factoring and finance leasereceivables over the same period (annualised where applicable). • NBG National Bank of Georgia. • NBG (Basel III) Common Equity Tier 1 (CET 1) capital adequacy ratio Common Equity Tier1 capital divided by total risk weighted assets, both calculated in accordance with therequirements 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 weightedassets, both calculated in accordance with the requirements of the NBG. Calculations are made forBank of Georgia standalone, based on IFRS. • NBG (Basel III) Total capital adequacy ratio Total regulatory capital divided by total riskweighted assets, both calculated in accordance with the requirements of the NBG. Calculations aremade for Bank of Georgia standalone, based on IFRS. • Net interest margin (NIM) Net interest income for the period divided by monthly averageinterest earning assets excluding cash and cash equivalents and corporate shares over the sameperiod (annualised where applicable). • NMF Not meaningful; used when percentage changes are distorted by zero or missingcomparatives, or when the resulting change is above 200 percent. • Non-performing loans (NPLs) The principal and/or interest payments on loans overdue for morethan 90 days; or the exposures experiencing substantial deterioration of their creditworthiness andthe debtors assessed as unlikely to pay their credit obligation(s) in full without realisation ofcollateral. • NPL coverage ratio Allowance for expected credit loss for loans to customers, finance lease andfactoring receivables divided by NPLs. • NPL coverage ratio adjusted for discounted value of collateral Allowance for expected creditloss on loans to customers, finance lease and factoring receivables, plus the discounted value ofcollateral for the NPL portfolio (capped at the respective loan amount), divided by total NPLs. • One-off items Significant items that do not arise during the ordinary course of business. • Operating leverage Percentage change in net operating income less percentage change inoperating expenses. • Return on average total assets (ROAA) Profit for the period divided by monthly average totalassets for the same period (annualised where applicable). • Return on average total equity (ROAE) Profit for the period attributable to shareholders of theGroup divided by monthly average equity attributable to shareholders of the Group for the sameperiod (annualised where applicable). • Transactional branch Bank branch that is mostly used for transactional services by clients. Suchbranches do not provide complex banking services, such as issuing mortgages, services to legalclients, etc. Lion Finance Group PLC profile Lion Finance Group PLC (formerly Bank of Georgia Group PLC; the “Company” or the “Group” when referring to thegroup companies as a whole) is an LSE-listed company whose main subsidiaries provide banking and financial servicesfocused in the high-growth Georgian and Armenian markets through leading, customer-centric, universal banks – Bank ofGeorgia in Georgia and Ameriabank in Armenia. By building on our competitive strengths, we are committed to drivingbusiness growth, sustaining high profitability, and generating strong returns, while creating opportunities for ourstakeholders and making a positive contribution in the communities where we operate. Lion Finance Group PLC is listed on the London Stock Exchange's main market in the Equity Shares (CommercialCompanies) category and is a constituent of the FTSE 100 index. Ticker: BGEO. Legal entity identifier: 213800XKDG12NQG8VC53 Registered address: 29 Farm Street, London, W1J 5RL, United Kingdom; Registered under number 10917019 in Englandand Wales Company secretary: Computershare Company Secretarial Services Limited (The Pavilions, Bridgwater Road, Bristol BS138FD, United Kingdom) Registrar: Computershare Investor Services PLC (The Pavilions Bridgwater Road, Bristol BS99 6ZZ, United Kingdom) Please note that Investor Centre is a free, secure online service run by our Registrar, Computershare, giving you convenientaccess to information on your shareholdings. Investor Centre Web Address: www.uk.computershare.com/Investor/#Home Investor Centre Shareholder Helpline: +44 (0)370 873 5866 Auditors: PricewaterhouseCoopers LLP (7 More London Riverside, London SE1 2RT, United Kingdom)
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Contacts: Email: ir@lfg.uk Telephone: +44(0) 203 178 4052 Sam Goodacre (Advisor to the CEO): sgoodacre@lfg.uk; +44 745 398 8513 Investor Relations: ir@lfg.uk; +44 203 178 4034 Further information For more on results publications, go to Results Centre on https://lionfinancegroup.uk/results-center/quarterly-earnings/ For more on investor information, go to https://lionfinancegroup.uk/investor-information/shareholder-meetings/ For news updates, go to https://lionfinancegroup.uk/news/news-announcements/ For share price information, go to https://lionfinancegroup.uk/investor-information/share-price/ Forward-looking statements 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 2Q26 and 1H26 Results. 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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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority toact as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information mayapply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information containedin this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For furtherinformation about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END [1] Throughout this announcement, gross loans to customers and the related allowance for impairment are presented net of expected credit loss (ECL) on contractually accrued interest income. These do not have aneffect on the net loans to customers’ balance. Management believes that netted-off balances provide the best representation of the loan portfolio position. [2] 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 thebranches. [3] To provide a clearer view of our business performance, we have excluded instant Peer-to-Peer (P2P) transactions from our acquiring volume figures. Although previously classified as e-commerce activity due tothe 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.