MENA – The Good, The Bad and The Not So Good! Miguel Borlido – Roberto Papadia Madrid 23rd May 2016

2MENA – The Good, The Bad and The Not So Good! Introducing Bank ABC, Europe (‘ABC International Bank plc’) UK-registered bank established in 1991 (authorised/regulated by the PRA/FCA) Head Office: London Europe: Paris, Frankfurt, Milan, Stockholm, Istanbul, Moscow Total Assets of >US$5bn, Shareholders’ Funds of >US$600mn A wholly-owned subsidiary of Bank ABC (Arab Banking Corporation BSC)

3MENA – The Good, The Bad and The Not So Good! Bank ABC is headquartered in Bahrain and was established in 1980 and is listed on the Bahrain Bourse. Relevant presence across the Globe: New-York, Singapore, Brazil (6 branches). MENA subsidiaries in : Algeria, Tunisia, Egypt and Jordan. Key awards granted to Bank ABC in 2015: ‘Best Bank in Bahrain’ from Banker Middle East ‘Best Trade Finance in Bahrain’ from Global Finance ‘Best Local Trade Finance Bank in Bahrain’ from Global Trade Review Introducing Bank ABC

4MENA – The Good, The Bad and The Not So Good! Our Core MENA Region Markets Countries Algeria Bahrain Egypt Iran Iraq Jordan Kuwait Lebanon Libya Morocco Oman Qatar Saudi Arabia Syria Tunisia Turkey UAE Yemen

5MENA – The Good, The Bad and The Not So Good! ABCIB Services Trade Finance Project and Structured Finance Islamic Financial Services Treasury Capital markets

6MENA – The Good, The Bad and The Not So Good! Libya Key figures: Population: 6,258,984 GDP at market price: US$ 42bn GDP per capita in 2014: US$ 6, Foreign direct investment, net inflows: US$ 50mm Representative office in Tripoli Ease of doing business ranking (2016): 188/189

7MENA – The Good, The Bad and The Not So Good! Egypt Key figures: Population: 89,579,670 GDP at market price: US$ 302bn GDP per capita in 2014: US$ 3, Foreign direct investment, net inflows: US$ 4.8bn Bank ABC Egypt with 28 branches Ease of doing business ranking (2010): 106/183 (2016): 131/189 Source: World Bank database

8MENA – The Good, The Bad and The Not So Good! Algeria Tunisia Key figures: Population: 38,934,334 GDP at market price: US$ 214bn GDP per capita in 2014: US$ 5, Foreign direct investment, net inflows: US$ 1.6bn Bank ABC Algeria with 24 branches Ease of doing business ranking (2010): 136/183 (2016): 163/189 Population: 10,996,600 GDP at market price: US$ 49bn GDP per capita in 2014: US$ 4, Foreign direct investment, net inflows: US$ 1.1bn Bank ABC Tunisia with 12 branches Ease of doing business ranking (2010): 69/183 (2016): 74/189 Source: World Bank database

9MENA – The Good, The Bad and The Not So Good! Jordan Lebanon Population: 6,607,000 GDP at market price: US$ 36bn GDP per capita in 2014: US$ 5, Foreign direct investment, net inflows: US$ 1.8bn Bank ABC Jordan with 27 branches Ease of doing business ranking (2010): 100/183 (2016): 113/189 Population: 4,546,774 GDP at market price: US$ 45bn GDP per capita in 2014: US$ 10, Foreign direct investment, net inflows: US$ 3.1bn Ease of doing business ranking (2010): 108/183 (2016): 123/189 Key figures: Source: World Bank database

10MENA – The Good, The Bad and The Not So Good! Bahrain Key figures: Population: 1,361,930 GDP at market price: US$ 34bn GDP per capita in 2014: US$ 24, Foreign direct investment, net inflows: US$ 958mm Ease of doing business ranking (2010): 20/183 (2016): 65/189 Source: World Bank database

11MENA – The Good, The Bad and The Not So Good! Iran, Islamic Republic Iraq Population: 78,143,644 GDP at market price: US$ 426bn GDP per capita in 2014: US$ 17, Foreign direct investment, net inflows: US$ 2.1bn Ease of doing business ranking (2010): 137/183 (2016): 118/189 Population: 34,812,326 GDP at market price: US$ 223bn GDP per capita in 2014: US$ 6, Foreign direct investment, net inflows: US$ 4.8bn Ease of doing business ranking (2010): 153/183 (2016): 161/189 Key figures: Source: World Bank database

12MENA – The Good, The Bad and The Not So Good! United Arab Emirates Qatar Key figures: Population: 9,086,139 GDP at market price: US$ 401bn GDP per capita in 2014: US$ 43, Foreign direct investment, net inflows: US$ 10.1bn Ease of doing business ranking (2010): 33/183 (2016): 31/189 Population: 2,172,065 GDP at market price: US$ 210bn GDP per capita in 2014: US$ 96, Foreign direct investment, net inflows: US$ 1.05bn Ease of doing business ranking (2010): 39/183 (2016): 68/189 Source: World Bank database

13MENA – The Good, The Bad and The Not So Good! Kuwait Saudi Arabia Key figures: Population: 3,753,121 GDP at market price: US$ 164bn GDP per capita in 2014: US$ 43, Foreign direct investment, net inflows: US$ 486mm Ease of doing business ranking (2010): 61/183 (2016): 101/189 Population: 30,886,545 GDP at market price: US$ 754bn GDP per capita in 2014: US$ 24, Foreign direct investment, net inflows: US$ 8.02bn Ease of doing business ranking (2010): 13/183 (2016): 82/189 Source: World Bank database

14MENA – The Good, The Bad and The Not So Good! Aggregate for the MENA Region Source: World Bank database

15MENA – The Good, The Bad and The Not So Good! Future trends for the MENA region

16MENA – The Good, The Bad and The Not So Good! (Annual percent change) Middle East and North Africa forecast summary Source: World Bank database e2016f2017f2018f Developing MENA, GDP Developing MENA, GDP GDP per capita (U.S dollars) PPP GDP Private consumption Public consumption Fixed investments Exports of goods and non-factor services Imports of goods and non-factor services Net exports, contribution to growth Real GDP growth at market price e2016f2017f2018f Algeria Egyp, Arab Rep Iran, Islamic Rep Iraq Jordan Lebanon Libya Morocco Tunisia Saudi Arabia

17MENA – The Good, The Bad and The Not So Good! Egypt may need an extra US$ 30-35bn in investment and another US$ 10bn for developing its infrastructure in coming years. Jordan needs more than US$ 6bn a year in additional investment to put its economy on a better track. Tunisia is expecting to increase domestic investment by an additional 7% points of GDP during the next five years. Iran, post-sanctions, will seek hundred of billions of dollars to upgrade its oil fields and bring production back to pre- sanctions levels. MENA’s investment needs are high

18MENA – The Good, The Bad and The Not So Good! MENA, a region looking forward The value of MENA’s top 100 projects reached USD 304.2bn in Q4 2015, up by 6.2% y/y. MENA’s countries seek to develop their renewable energy market. Solar project investments in MENA grew from about $160mm in 2010 to $3.5bn in Long term objective is to displace oil for domestic power generation. Local industries will benefit from this trend with the creation of thousands of jobs. Source: Emirates NBD Research

19MENA – The Good, The Bad and The Not So Good! MENA, a region looking forward Source: Middle East Solar Industry Association Solar (PV and CSP) installation overview CountryOperationalUnder executionTendered in 2016Percentage Target in 2020 Morocco % Algeria % UAE % Jordan % Egypt % Saudi Arabia % Kuwait % Total

20MENA – The Good, The Bad and The Not So Good! Marocco is building the largest concentrated solar power (CSP) plant in the world that will help provide nearly half of Morocco’s electricity from renewable by Kuwait is developing the Shagaya Multi- Technology Renewable Energy Park that will eliminate the need for 12.5 million barrels of oil to be used for electricity generation per year. Qatar launched a tender in 2014 to build a mammoth 1.8GW solar plant at an estimated cost of $10-$20 billion. Energy generated from the solar installation will be used to power desalination plants, currently gas-fuelled and crucial to supplying Qatar with drinking water. Shams Dubai solar program is calling for solar panels to be installed on every roof in Dubai by MENA, a region looking forward

21MENA – The Good, The Bad and The Not So Good! “Thank you for your attention” Any Questions?