the national bank for foreign economic activity of the republic of uzbekistan

THE NATIONAL BANKTHE NATIONAL BANKFOR FOREIGN ECONOMIC ACTIVITY FOR FOREIGN ECONOMIC ACTIVITY OF THE REPUBLIC OF UZBEKISTANOF THE REPUBLIC OF UZBEKISTAN

Speaker: Speaker: Yusupov Bakhrom Yusupov Bakhrom First Deputy ChairmanFirst Deputy Chairman

BANKING-FINANCIAL SYSTEM BANKING-FINANCIAL SYSTEM OF UZBEKISTANOF UZBEKISTAN

CENTRAL BANK OF UZBEKISTAN

30 commercial banks:

3 state-owned banks 11 joint stock banks

About 5000 banks’ branches (incl. mini-banks, cash offices)

10 private banks6 joint venture banks

• Fund for Reconstruction and Development • 30 Leasing & Investment companies

ASSETS AND CAPITAL ASSETS AND CAPITAL OF BANKING SYSTEM OF UZBEKISTAN OF BANKING SYSTEM OF UZBEKISTAN

IN 2011IN 2011

ASSETS

NBU 31%

Asaka Bank 13%

Agrobank 8%UzPSB 9%

Ipotekabank 0

Mikrocreditbank 3%

People`s bank 6%

Others 25%

NBU

Asaka Bank

Agrobank

UzPSB

Ipotekabank

Mikrocreditbank

People`s bank

Others

DEVELOPMENT OF BANKING-FINANCIAL DEVELOPMENT OF BANKING-FINANCIAL SECTOR OF UZBEKISTANSECTOR OF UZBEKISTAN

TOTAL CAPITAL

1,92

2,68

07.01.2010 07.01.2011

US

D b

ln

↑↑40%40%TOTAL ASSETS

11,65

15,66

07.01.2010 07.01.2011

US

D b

ln

↑↑34.4%34.4%

TOTAL LOANS

6,5

9

07.01.2010 07.01.2011

US

D b

ln

↑↑38.2%38.2% TOTAL LOANS TO SME

0,8

1,2

07.01.2010 07.01.2011

US

D b

ln

↑↑50%50%

RATINGS BYRATINGS BY

INTERNATIONAL RATING AGENCIESINTERNATIONAL RATING AGENCIES

““Ba3”Ba3”

“ “STABLE” OUTLOOKSTABLE” OUTLOOK

““B”B”

“ “STABLE” OUTLOOKSTABLE” OUTLOOK

BRIEF INFORMATION ONBRIEF INFORMATION ON

NATIONAL BANK OF UZBEKISTANNATIONAL BANK OF UZBEKISTAN

Subsidiary bank in Moscow – “Asia Invest Bank”

NBU is amongthe world’s 1000 biggest banks according to “The Banker” magazine

Main activity directions: project finance, corporate & retail banking, investment activity

Retail and corporate clients: over 2,5 mln.

In Uzbekistan:90 branches and 110 mini-banks

Wide correspondent network: over 670 correspondent banks in 80 countries

Figure 2010 2011

UZS USD UZS USD

Assets 7,02 trl 4,3 bln 7,9 trl 4,5 bln

Capital 746,2 bln 455,1 mln 843,9mln 470,1 mln

Credit portfolio 3,7 trl 2,39 bln 4,1 trl 2,3 bln

Net profit 30,3 bln 18,5 mln 32,9 bln 18,4 mln

Capital adequacy 25,4% 26,8%

Main figures of NBUMain figures of NBU

Credit lines Credit lines

• IDB - 30 mln. USD• ICD (Islamic Corporation) – 15 mln.USD• ADB - 120 mln. USD• CDB – 155 mln. USD • Eximbank Korea – 60 mln. USD• IFC - 15 mln. USD • KfW - 15 mln. USD • Landesbank Berlin AG - unlimited

Credit lines extended in favor of NBU from foreign banks and IFI

FINANCING OF NAC “O’ZBEKISTON HAVO FINANCING OF NAC “O’ZBEKISTON HAVO YULLARI” (UZBEKISTAN AIRWAYS)YULLARI” (UZBEKISTAN AIRWAYS)

- 5 «Boeing-767-300ER»- 2 «Boeing-757-200»- 3 «Airbus А-310» - 4 «IL-114-100»- 6 «Airbus А-320-200»- reconstruction of international airports of Tashkent and Navoi

- credits on the organization of

production of component and spare

parts for the automobiles of General

Motors Uzbekistan

THE ROLE OF NBU IN DEVELOPING THE ROLE OF NBU IN DEVELOPING STRATEGICALLY IMPORTANT PROJECTSSTRATEGICALLY IMPORTANT PROJECTS

- modernization and construction strategically important projects of

Uzbekistan

- participation in development of the key spheres of economy

•Modernization of Navoi thermal power-station •Construction of Bukhara oil refinery•Reconstruction of Fergana oil refinery•Supplying mining equipment to Navoi Mining and Metallurgy Works

2008: NBU FOUNDS SUBSIDIARY 2008: NBU FOUNDS SUBSIDIARY INVESTMENT COMPANIESINVESTMENT COMPANIES

- restructuring enterprises of the Republic of Uzbekistan; - asset management; - ensuring effectiveness of productive activities; - ensuring production of competitive export-oriented products; - creation of additional jobs; - selling industrial enterprises to strategic investors.

Activity goals of NBU Invest Group and NBU Investment:

- Big number of projects: over 40- Diversification: projects distributed by industry- NBU Invest Group is open for M&A with an international investment companies

Reasons of the establishment of 2 companies:

Introduction of international experience and standards for implementation of the following integrated arrangements:

NBU’S TWO INVEST COMPANIES: NBU’S TWO INVEST COMPANIES: AGGREGATE FIGURESAGGREGATE FIGURES

Enterprises under management: 45

Investments: USD 51,4 mln

Created employment: 5837

Production: USD 119,2 mln

Export: USD 33,3 mln

Agro Processing and Food Industry: 14

Construction materials: 9

Hotel and Tourism services: 4

Tanning: 1

Textile: 13

Pulp and paper industry: 2

Under reorganization: 2

PROJECT FOR ILLUSTRATION: PROJECT FOR ILLUSTRATION:

FRESCO

Production capacity: juice concentrate 930 tones /year, puree 300 tones /year, wine material 2800 tones /year

Equipment: Bertuzzi, Fata Engineering, Metro (Italy), Flottweg (Germany), Koch (USA)

ASIA PIPEPLAST

Production capacity: 583km of CC-GRP (centrifugally cast glass fiber reinforced pipes) per year, diameter 200 mm - 2400 mm Equipment: Hobas (Germany)

ANGREN KAOLIN

Production capacity: 200 000tn/year of kaolin Equipment: AKW (Germany)

SOGDIANA

PIPEPLAST

Production capacity: 4000tn/year of polyethylene pipesEquipment: Krauss Maffei (Germany)

CONTACTSCONTACTS

NATIONAL BANK OF UZBEKISTANwww.nbu.com

NBU INVEST GROUP www.nbuig.uzinfo@nbuig.uz

NBU INVESTMENT www.nbuic.uz info@nbuic.uz

THANK YOU FOR ATTENTION!