THE NATIONAL BANKTHE NATIONAL BANKFOR FOREIGN ECONOMIC ACTIVITY FOR FOREIGN ECONOMIC ACTIVITY OF THE REPUBLIC OF UZBEKISTAN:OF THE REPUBLIC OF UZBEKISTAN:INVESTMENT PROJECT FINANCINGINVESTMENT PROJECT FINANCING

Speaker:Speaker:Nodir MatyakubovNodir MatyakubovHead of DepartmentHead of DepartmentCentre for Project FinanceCentre for Project FinanceNational Bank of UzbekistanNational Bank of Uzbekistan

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 financing, corporate & retail banking, investment activity

Retail and corporate clients: over 2,7 mln.

In Uzbekistan:90 branches and 110 mini-banks

Wide correspondent network: over 660 correspondent banks in 75 countries

RATINGS BYRATINGS BY

INTERNATIONAL RATING AGENCIESINTERNATIONAL RATING AGENCIES

““B1/B2”B1/B2”

“ “STABLE” OUTLOOKSTABLE” OUTLOOK

““B+”B+”

“ “STABLE” OUTLOOKSTABLE” OUTLOOK

Figure 2011 2012

(NAT. STANDARTS)

UZS USD UZS USD

Assets 7.8 trl 4.3 bln 9.45 trl 4.76 bln

Capital 771.5 bln 429.8 mln 1,062.6 bln

536.0 mln

Credit portfolio 4.7 trl 2.6 bln 5.3 trl 2.7 bln

Net profit 67.5 bln 37.6 mln 36.3 bln 18.3 mln

Long-term loans’ share of credit portfolio

89% 91%

NBU: MAIN FIGURESNBU: MAIN FIGURES

PROJECT FINANCING IN UZBEKISTAN:PROJECT FINANCING IN UZBEKISTAN:

ROLE OF NBUROLE OF NBU

Main task and aim:To be a financial institute of the international level that is able

to attract foreign investments and advanced technologies to Uzbekistan for fundamental renovation and deep structural transformation of the economy.

Fulfillment:NBU is an active participant of investment processes, that both actively attracts foreign investment and acts

as initiator of investment projects and active investor itself.

Result:NBU is the largest investment bank in Uzbekistan.

(UP FROM 1991 TILL 2012)

• 217 projects totaling USD 6.91 bln.

(AS OF JANUARY 1, 2013)• 122 investment projects• Projects’ total value - equivalent of USD 4.8 bln.• 159 long-term bank loans• Loans’ total amount – equivalent of USD 2.1 bln.

PROJECT FINANCING:PROJECT FINANCING:

MAJOR FIGURESMAJOR FIGURES

• EPC contracts• Equipment procurement (incl. assembly, setting and

maintenance staff training)• New construction and reconstruction

of manufacturing facilities

PROJECT FINANCING:PROJECT FINANCING:

FINANCED OBJECTSFINANCED OBJECTS

PROJECT FINANCING:PROJECT FINANCING:

SECTORS OF ECONOMYSECTORS OF ECONOMY

FUEL & ENERGY

CHEMICAL INDUSTRY

MINING

CAR MANUFACTURING

TRANSPORTION

AGRICULTURE

OTHERS

TELECOMMUNICATION

• 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

PROJECT FINANCING:PROJECT FINANCING:

CREDIT FACILITIESCREDIT FACILITIES

PROJECT FINANCING:PROJECT FINANCING:

CREDIT FACILITIESCREDIT FACILITIES

INTERNAL SOURCES

FOND FOR RECONSTRUCTION AND DEVELOPMENT

NBU’S OWN ASSETSNBU’S OWN ASSETS

• Tashkent, Navoi and Talimardjan thermal power-stations’

expansion • Ustyurt Gas Chemical Complex’s construction at the Surgil

field• Muborek gas-processing plant’s expansion• Mining equipment procurement to Navoi Mining and

Metallurgy Industrial Complex• 2 high-speed “Talgo” passenger electric trains procurement to SJSRC “O’zbekiston Temir Yo’llari” (Uzbekistan Railways)• A number of land-melioration projects.

PROJECT FINANCING:PROJECT FINANCING:

SAMPLE LARGE-SCALE PROJECTSSAMPLE LARGE-SCALE PROJECTS

- 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 in Tashkent and Navoi

- GM Uzbekistan’s plants for

production of components and

spare parts for the automobiles

PROJECT FINANCING:PROJECT FINANCING:

SAMPLE LARGE-SCALE PROJECTSSAMPLE LARGE-SCALE PROJECTS

THANK YOU FOR ATTENTION!