THE NATIONAL BANK FOR FOREIGN ECONOMIC ACTIVITY OF THE REPUBLIC OF UZBEKISTAN Speaker: Yusupov Bakhrom First Deputy Chairman BANKING-FINANCIAL SYSTEM OF UZBEKISTAN CENTRAL BANK OF UZBEKISTAN 30 commercial banks: 3 state-owned banks 6 joint venture banks About 5000 banks’ branches (incl. mini-banks, cash offices) • Fund for Reconstruction and Development • 30 Leasing & Investment companies 11 joint stock banks 10 private banks ASSETS AND CAPITAL OF BANKING SYSTEM OF UZBEKISTAN IN 2011 ASSETS Others 25% NBU 31% CAPITAL NBU Asaka Bank Agrobank People`s bank 6% UzPSB Mikrocreditbank 3% NBU 27% Others 28% Ipotekabank Ipotekabank 0 Asaka Bank 13% UzPSB 9% Agrobank 8% Mikrocreditbank People`s bank Others People`s bank 7% Asaka Bank 14% Mikrocreditbank 6% Ipotekabank 4% UzPSB 6% Agrobank 8% DEVELOPMENT OF BANKING-FINANCIAL SECTOR OF UZBEKISTAN TOTAL CAPITAL TOTAL ASSETS ↑40% ↑34.4% 2,68 15,66 11,65 USD bln USD bln 1,92 07.01.2010 07.01.2010 07.01.2011 ↑38.2% TOTAL LOANS 07.01.2011 ↑50% TOTAL LOANS TO SME 9 1,2 USD bln USD bln 6,5 07.01.2010 07.01.2011 0,8 07.01.2010 07.01.2011 RATINGS BY INTERNATIONAL RATING AGENCIES “Ba3” “B” “STABLE” OUTLOOK “STABLE” OUTLOOK BRIEF INFORMATION ON NATIONAL BANK OF UZBEKISTAN Main activity directions: project finance, corporate & retail banking, investment activity Retail and corporate clients: over 2,5 mln. Wide correspondent network: over 670 correspondent banks in 80 countries NBU is among the world’s 1000 biggest banks according to “The Banker” magazine In Uzbekistan: 90 branches and 110 mini-banks Subsidiary bank in Moscow – “Asia Invest Bank” Main figures of NBU 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 3,7 trl 2,39 bln 4,1 trl 2,3 bln 30,3 bln 18,5 mln 32,9 bln 18,4 mln Credit portfolio Net profit Capital adequacy 25,4% 843,9mln 470,1 mln 26,8% Credit lines Credit lines extended in favor of NBU from foreign banks and IFI • • • • • • • • 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 FINANCING OF NAC “O’ZBEKISTON HAVO 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 STRATEGICALLY 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 INVESTMENT COMPANIES Reasons of the establishment of 2 companies: - Big number of projects: over 40 - Diversification: projects distributed by industry - NBU Invest Group is open for M&A with an international investment companies Activity goals of NBU Invest Group and NBU Investment: Introduction of international experience and standards for implementation of the following integrated arrangements: - 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. NBU’S TWO INVEST COMPANIES: AGGREGATE FIGURES Enterprises under management: 45 Agro Processing and Food Industry: 14 Investments: USD 51,4 mln Construction materials: 9 Created employment: 5837 Hotel and Tourism services: 4 Production: USD 119,2 mln Tanning: 1 Textile: 13 Export: USD 33,3 mln Pulp and paper industry: 2 Under reorganization: 2 PROJECT FOR ILLUSTRATION: ASIA PIPEPLAST Production capacity: 583km of CC-GRP (centrifugally cast glass fiber reinforced pipes) per year, diameter 200 mm 2400 mm Equipment: Hobas (Germany) SOGDIANA PIPEPLAST Production capacity: 4000tn/year of polyethylene pipes Equipment: Krauss Maffei (Germany) FRESCO ANGREN KAOLIN Production capacity: juice Production capacity: concentrate 930 tones /year, 200 000tn/year of puree 300 tones /year, wine kaolin material 2800 tones /year Equipment: AKW Equipment: Bertuzzi, Fata (Germany) Engineering, Metro (Italy), Flottweg (Germany), Koch (USA) CONTACTS NATIONAL BANK OF UZBEKISTAN www.nbu.com NBU INVEST GROUP www.nbuig.uz info@nbuig.uz NBU INVESTMENT www.nbuic.uz info@nbuic.uz THANK YOU FOR ATTENTION!